While browsing online, I came across Artrade, an online platform that seems to be doing something different in the art world. It positions itself as an all-in-one solution for artists, aiming to connect them directly with collectors and offer a fairer revenue model. Their blockchain solution gives both artists and collectors peace of mind when it comes to authenticity and traceability.
Intrigued, i dug deeper and found that traditional art marketplaces can take a hefty cut of up to 50% on sales, whereas Artrade propose a much lower 5% commission. What truly piqued my curiosity is their approach to bridging the gap between traditional and digital art. Artrade allows artists to transform their physical works into "Real World Assets" (RWAs) – essentially NFTs.
ART, which is the native token or Artrade is set to be listed on Bitget, a Tier1 CEX with tens of millions of users and I believe this will open doors to even more exposure and investors.
What are your thoughts on Artrage prospects? Do you think artists will opt for a probable 45% rise in earnings as opposed to the traditional marketplaces?