Blockchain technology is empowering everyday people by opening new opportunities to them.
Secure decentralization is providing people the platform needed to compete against corporate juggernauts; ICOs have made it possible for anyone to raise money and pursue his or her dreams; tokenization is paving the way for functional fractional ownership, thereby allowing anyone to potentially invest in anything. Blockchain technology is aiding the masses through a myriad ways.
The rise of this technology has opened the doors to everyone to pursue what they want and it has even leveled the floors with respect to investment opportunities. However, till now, one asset class, that is almost exclusively accessible to the wealthy, has not been opened for the masses. Arts & Collectibles are a multi-trillion dollar market and the sheer entry barrier keeps it out of the reach of everyday people. As Arts & Collectibles tend to appreciate at a pace, on average, far greater than the inflation rate, this asset class remains a popular choice among the wealthy.
The average price of most Arts & Collectibles is quite high; so, most people cannot buy an item is this asset class. Instead, a new means to invest in this market will surface soon, one that is affordable to all.
Everyone can Invest in Arts & Collectibles
Codex Protocol is going to allow the A&C market to seamlessly adopt the benefits of blockchain technology. The Codex serves a ledger that stores immutable records of any item's identity and chain of ownership, which is termed as the item's Providence.
An art piece of collectible item is only valuable with the proper Providence that proves its authenticity. While this feature is the primary benefit of the Codex, the Protocol can be extended to make investments in Arts & Collectibles an accessible investment channel.
As Codex Protocol will be serving the A&C market, the CodexCoins will give a direct exposure to the aggregate growth faced by the A&C market. CodexCoins are purchasable by anyone and as even a fraction of a coin can be bought, they are also affordable by all. This immediately opens an investment opportunity, that directly corresponds with the A&C market, to the masses.
A more complex way to make any specific art piece or collectible item an investment opportunity for anyone is also possible. Integration of the Codex into the A&C market not only provides a record for the item's chain of ownership, but also a means to invest in it with cryptocurrency. This makes it possible for any item to be tokenized while simultaneously having a record of its owners. Thus, an easy and simple mean of fractional ownership can make its way into the A&C market and can allow anyone to have a stake in the appreciation of any specific A&C asset.
Wrap-Up: Arts & collectibles are a major asset class that will soon be open to investments from everyday people. Codex Protocol integrates into the A&C market, thus CodexCoins provide a direct exposure to the gains made by the market. Additionally, the protocol makes the tokenization of A&C assets a near reality.
Codex Protocol Essential Links
🌐 Website: https://codexprotocol.com/
💡 Whitepaper: https://codexprotocol.com/#whitepaper
👨 ANN Thread: https://bitcointalk.org/index.php?topic=4494244.0
💻 Telegram: https://t.me/codexprotocol
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This is awesome. This initiative will help me and my fellow artists grow in the world of art. It will also help artists to be motivated and produce more and more grate works and sell since it will no longer depend on the elites for the purchase of art. Others can now fully acquire art and othet collectibles with the use of this coin.
Hey, that's a very good point that I hadn't considered. Applications built atop the protocol could potentially reach out to the depths of even the most rural areas and provide talent an opportunity to be rewarded.
Yeah, certainly. So far as they can assess the internet.
Interesting! Look at Maecenas as well, they are also trying to make art accessible to more people
Actually, Maecenas is built atop this protocol!
what about art art
All forms of art.
nice coupple.
Thanks @hatu love your blog posts always,again you have came with informative post.
I am fan of protocols and have a stake in a number of them. Codex is taking blockchain technology into a huge new market so I was excited to write about this.
WOw very nice
keep it up @hatu
@hatu
Good
I support your project
It's the first blockchain-powered protocol for the art industry. So, good decision to support it ;)
It's real approach and Blockchain technology is empowering everyday people by opening new opportunities to us.
@hatu In fact, on today's world, everyone wants to earn money, which, as it is, from Art & Collectibles, and other works, but I think it's not very easy to earn money, and this money is very easy to earn money. I understand your post, how to earn money by doing Art & Collectibles, upvote, comments
Ok, I understand what you are saying. It can be easy to earn for some yet many others struggle. Blockchain opens the doors to more people to earn a better income by decentralizing industries and by lowering the bar for pursuing opportunities. Codex Protocol is one of the early realizations of this.
@hatu This crodex protocol is it ??, in fact, today's income has become a smart income, earning money from home, can be done more beautifully in the coming days, I think, because the world of blockchain is going to start in the coming days,what do you think Sir????
That's really a good approach... to connect human passion with the technology where anybody can do something very good.
Thank you :-)
Hey Amar, I really like how blockchain has the ability to flatten the world in terms of opportunity availability. Good to see you have recognized this aspect of the technology as-well.
nice concept sir..
hopefully with the advent of this technology everyone can invest well and safely
I actually wrote on the safety aspect earlier. Since the protocol records the chain of ownership, scams could be removed from the A&C market.
great information. every day block-chain technology comes up with new
projects and makes new ways for people to earn money, i think one day will come that every one will met his / her dream.
The concept of basic income is hard to achieve but could be possible. For the time being, there a projects that are mitigating the wealth gap and Codex is one of them.
we expect codex will make future in A&C.
Marvelous sir !! Please vote me 😁
I will come back with new update. If you like it comment me follow me on steemit.
https://steemit.com/mgsc/@digitalnew/data-coin-binanace-and-upcoming-news
This post has received a 15.96 % upvote from @boomerang.
the technology will continue advancing, let's hope how everything behaves always goes for positive.
Thank you :)