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Artrade – The Art RWA Market

April 22, 2024
in Crypto Exchanges, Crypto Updates
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What is Artrade and what does it solve?

Artrade—a pioneering platform in the art market—has revolutionized how traders exchange art by implementing cutting-edge security measures. With a focus on authenticity and traceability, Artrade ensures that every art piece exchanged on its platform is genuine.

Moreover, by adopting blockchain technology, Artrade has brought unprecedented transparency to art transactions. This innovation provides stakeholders with an auditable record of each transaction, fostering trust and confidence among buyers and sellers.

Furthermore, Artrade has integrated NFT technology to address liquidity challenges in the art market. The NFT technology allows direct and secure transactions between art enthusiasts, collectors, and creators, enhancing overall market liquidity. The platform’s user-friendly app provides a seamless experience for NFT creators and investors. It helps to eliminate high minting fees, commissions, and environmental impact associated with traditional NFT marketplaces.

Artrade’s business model initially involves providing NFC chips for free, with plans to transition into a paid service for artwork creation. This transition may generate revenue for the platform. Last year, Artrade recorded a remarkable 873% increase. This impressive performance surpassed 95% of the top 100 crypto assets, including Bitcoin and Ethereum.

Token Overview 

  • Token name: Artrade
  • Token symbol:ATR/USDT 
  • Total supply: 1.8 billion 

The ATR token is the beating heart of the Artrade community. It’s more than just a currency; it’s your gateway to:

  • Shape the Future: ATR empowers you to participate in governance decisions, influencing the platform’s development.
  • Active Participation, Rewarded: Stake your ATR tokens and earn APY (Annual Percentage Yield). Initially fueled by reserves, the program will transition to platform fees, ensuring long-term sustainability.
  • Fueling Growth: A daily buyback program uses 5% of platform sales to repurchase tokens, strengthening the ecosystem and creating buying pressure.

What are the strengths of Artrade?

Artrade’s approach is designed to be fairer to artists. Unlike traditional marketplaces, which charge up to 50% commission, Artrade only charges 5% on sales. This ultra-competitive ratio means that creators are better rewarded for their work.Artrade’s real innovation, however, lies in its REAL (Reliable Electronic Artwork Ledger) protocol. This guarantees transaction security by relying on smart contracts deployed on the Solana blockchain.

With the REAL protocol in place, it becomes impossible to manipulate exchanges: the transaction space between buyers and sellers is entirely secure and tamper-proof.REAL also solves the problem of certifying physical objects on the blockchain. Each work is uniquely associated with an NFT via an NFC chip, a technology enabling short-distance data exchange. This chip establishes an unforgeable digital twin that certifies the authenticity of the physical work.

With this technical and community-based solution, Artrade is paving the way for a more accessible, liquid and transparent art market where blockchain technology amplifies the value of physical creations.

The future

More than just a marketplace, Artrade is positioned as a social network dedicated to art enthusiasts. The platform encourages exchanges between artists, collectors and enthusiasts, thanks to private messaging and public profile functionalities.Users can discover new talent, chat directly with creators or seek the expertise of recognized professionals.The platform also paves the way for unprecedented collaborations, where curators and gallery owners can partner with artists to promote and distribute their tokenized works.

Artrade is redefining the future of art by skilfully fusing the tangible and the digital, promising an era where works of art effortlessly cross the boundaries between tradition and blockchain technology. By leveraging the REAL protocol and NFC chips, the platform ensures that every physical work becomes a fluid and secure digital asset, marking the start of a revolution in the converging worlds of art and the Web3. With Artrade, art meets innovation, opening up new perspectives for creators and collectors in a globalized, transparent market.

Artrade Official Media

Website  | Telegram

About Coinstore

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As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 7 million users worldwide, Coinstore aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.

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Pei Shan, Marketing Executive | peishan@coinstore.com

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