First blockchain based art platform (Part 1 of 2)
In the last post, I first discussed the Decentralized Blockchain-based Voting System. Today's post will discuss the first blockchain-based art platform. Hope you can get some information like the previous post and get some information about blockchain promotion from here. Basically, this incident first happened in 2017.
A remarkable platform has been created in 2017 named Maecenas. This is a milestone in the development of the art world of creation. In history, this was the first blockchain-based art platform. It made a huge change in the buying, selling, and owning of art. Initial days this thing was in a vulnerable situation as anyone could use their artwork for others but this market of the artwork which is basically creative work has got a standard set up for their trade and buying and selling. This innovative platform made a new way to art in the art trade by using blockchain technology to provide transparency and accessibility to art investors and collectors.
Maecenas was founded with the vision of democratizing the art market. The open-for-all and access to all are the key components of this platform with the help of the blockchain network. It is more inclusive and accessible to a wider audience. By using blockchain technology, Maecenas was able to create a decentralized marketplace where art is tokenized.
This is another beauty of the blockchain network because with the help of tokens the buying and selling is so easy for the art collectors and sellers. Investors can buy and sell fractional ownership of artworks. This means that art lovers no longer have to purchase an entire piece of art, but can instead invest in a fraction of it. So the total art ownership is more affordable and liquid.
There are other features of the Decentralized Art Platform Maecenas that I will discuss in another post. The discussion regarding this topic will be concluded through some more features in the next episode.
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I did not know about it so it is a good learning for me to learn about blockchain based art platform and I look forward to another part shortly that can give me another bunch of knowledge to have thorough understanding for such platform on the blockchain.
In 2017 Maecenas became the initial blockchain-based art system, overhauling art possession as well as financial investment. With tokenization it democratized the marketplace, making it possible for fractional possession and also liquidity. Keep tuned for even more understandings right into this ingenious system's functionsizing along with payments to the art globe.
It was very helpful to know about First blockchain based art platform. You always discuss important things between us. I learned a lot from you today. Thanks for sharing with us.