COART is the open source Platform for co-investment into Fine Art, online Art Fair for sale of art any styles and value and special technical algorithm for tokenization, identification and art-asset management, based on EOSIO-blockchain.
We are introducing new approach to global Art market for collectors, art dealers, gallery owners, art experts, auction houses, museums, investment funds, retail investors and traders. Our aim is to connect a huge, but very conservative Art market, with the technological capabilities of a rapidly growing investment and traders markets. For this we are building a new specialized Collaborative Art (COART) blockchain infrastructure for launching hundreds of new projects in the all segments of Art market.
The Platform will be based on distributed ledger technologies and have its token called BID. COART will use smart-contracts to have a really decentralized system, allowing to exchange the rights of different artworks by investors and resell them on the specialized Exchanges. Moreover the BID-token will allows customers to co-invest in art masterpieces like paintings by Rothko, Van Gogh, Picasso and other genius and provide confirmation of ownership rights to shares of art assets via special digital certificates of ownership.
We will make it easier to buy Art, trade Art, and sell Art for all participants of global Art market. All of them know that the system developed over the previous centuries objectively does not correspond to the present needs, it is not transparent and too enclosed, what makes access to the art market difficult for new artists and for new participants interested in investing into Fine Art.
COART is going to help to correct these "distortions", and to create the new and equal opportunities for all participants of Art market, from artists to investors:
- Artists and art dealers who represent them will have a direct access to the global art market for self-sale of their works, or to raise funds for the creation of new works.
- Gallery owners and museums will get a new way to raise funds for their needs, it will be much more convenient for them than all the existing opportunities.
- Auction houses and Investment Art funds will receive new customers - retail investors and traders, to whom direct access to the Art market will be provided by COART.
In fact, this is a real transformation of the whole Art sphere. All participants will benefit!