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Credit: https://images.app.goo.gl/bSeVMW7ZKCrK9GmF6
INTRODUCTION
There has been immeasurable changes and growth in every sector of the globe over some centuries past but this advancement does not really have any reflection on the world of art which has never experience any noticeable improvement.
This sector has been stuck, Stuffy and stagnant. From unset, the art world was an industry with high rating with a worth of multibillion dollars not until the 18th century when the stagnation set in. Ever since then there has been no effort for development in the industry.
For over three centuries now the appraisal, value, auction appreciation, and authentication, has not changed up till today which is not supposed to be. The industry is now broken apart and characterised with elitist, cloisters and inefficiencies that cause a great disadvantage to both the artist, buyers and sellers of artwork. For correction, Artpro is created for the restoration of the lost glory of art.
LITTLE PERCEPTION ABOUT ARTPRO
Artpro is a perfect ecosystem whereby both modern and traditional art has access to cryptocurrency, augmented reality and smart contract to establish a medium that is open and permit everyone either artist, seller or buyers.
The artpro was successfully launched via the collaboration of galleries that are passionate about the rising of the artist. So many works of our contemporary days which are instantly acquired and also admired are ready to be launched in this medium.
Those who purchased any artwork can either keep them using the medium save facility so that it can be used for investment or ship them down to wherever they wanted.
CAUSES OF THE STAGNATION WITNESS IN THE ART WORLD
The following are the inefficiencies which causes the setback of the art world;
- Over 50% of the art galleries have folded up since 2012, due to their inability to raise sufficient footfall.
- Fake Art Works
It was discovered that 30% of the artwork sold are fakes. This has really contributed majorly to the stagnation. - The report for 2017 list of Art and finance indicated that absence of provenance, authenticity, attribution and forgery, are the highest threat that affected the reputation of the art industry.
- High Commission Charges
The commission charged by the galleries is close to 50 percent and the auction of art is between 12.5 and 25 percent. - High fees for participation for the curated art collection
The amount to participate in curated art collection is nothing less than 500k dollars.
SOLUTION PROVIDED BY ARTPRO WHICH ENHANCE PROGRESS OF THE ART INDUSTRY
To correct the abnormalities and enhance the growth of the industry, the Artpro was constructed with blockchain technology.
This makes the artpro a technology that functions as an ecosystem which connects the stakeholders and participant. This blockchain technology help in the development the following;
- The Artpro DApp
The artpro dApp contains the total directory of all the inventory of artpro. This dApp will give the users the ability to navigate through the various categories of artwork which are grouped genre, price, artist, date and so on.
The Marketplace
This is an online gallery where everyone has the privilege to select any artwork and have the detail of its creator and composition. Every uploaded artwork are priced, viewed and instant adding to the customer watchlist.
The beauty of the market is; it gives you the opportunity to upload, sell and buy artwork anywhere in the world.
Honestly, you can now see that this is indeed the development that the art industry needs. Make use of this privilege and enjoy the beauty of art.
Website: https://art-pro.io/
Twitter: https://twitter.com/ArtProPlatform
Telegram: https://t.me/artproplatform
Whitepaper: https://art-pro.io/#section-6
0x - Barth5
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