The Decentralized Future: A New Art Economy Powered by Etherum Blockchain Infrastructure
Friday, June 19, 2020 · 10:00 a.m.
ABOUT THIS WEBINAR
With Ethereum 1.0 being successfully deployed, the march towards Ethereum 2.0 is proceeding at a rapid clip. The roadmap to serenity is in full effect. The future will see Ethereum move stridently beyond Phase 0 of Ethereum 2.0, onto Phase 1 and the launch of shard chains. Much like the internet, blockchain progress will kick into overdrive with Moore’s Law, and Ethereum 2.0 will be the big red button that launches us off to dial up and into broadband.
Blockchain’s impact on art, music, and the creative space will be profound. In a 2014 report, The Fine Arts Expert Institute (FAEI) in Geneva stated that over 50% of artworks it had examined were either forged or not attributed to the correct artist. Blockchain technology can fix this now. The payment, certificate of authenticity, and ownership history were irrevocably recorded on the Ethereum blockchain. This process is predicted to be far more a commonplace. It’s not just provenance that makes the arts a prime field for blockchain implementation. Tokenized ownership and the establishment of equitable business models not beholden to gatekeepers have the attention of the art world already.
In this fireside chat, we will explore how will Etherum 2.0 further impact the art market and bring about a new art economy powered by etherum blockchain infrastructure.
UNFOLD Art XChange was conceived by Artem Holdings to bring together an unparalleled B2B art business conference platform. It aims to become one of the largest multicultural art exchanges and referential art talks platform that brings together diverse cultures across international art landscapes.