Art Revolution: Artrade Can Turn Works of Art Into RWA

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Bittime - Amid the rise of NFTs (non-fungible tokens), Artrade stands out as a marketplace that provides a bridge between the real world of art and the digital universe of cryptocurrencies. The platform allows artists to convert their physical works into RWA on the Solana blockchain.

Transforming Artwork to Become More Visible and Liquid

Artrade's innovation provides artists with the opportunity to make their work more visible and liquid in the growing online art market, with a market value of more than $11 billion. Each physical work is associated with a digital twin in the form of an NFT that cannot be counterfeited and is registered on the blockchain. 

This inseparable pair maintains the artistic integrity of the work, while providing the benefits of Web3 technology : total transparency, decentralized security, and royalties paid in the secondary market.

Additional Benefits of a Digital Presence

Artrade implements technical standards that allow real-world objects to be tokenized without changing their materiality or legacy value. Art still has a real dimension, coupled with the advantages of a digital presence: increased visibility, new commercial outlets, and even programmable liquidity in decentralized markets.

Guaranteed Security with Artrade Blockchain

With blockchain guaranteeing authenticity, Artrade fills a gap in an art market that is often opaque and prone to fraud. The platform brings an unprecedented level of trust to art transactions, ensuring that each creator has full ownership and control over the tokenized work.

Also read How to Buy Crypto:

REAL Protocol: Security Keys That Cannot Be Manipulated

Artrade's real innovation lies in their REAL (Reliable Electronic Artwork Ledger) protocol. This protocol guarantees transaction security by relying on smart contracts deployed on the Solana blockchain. With the REAL protocol, it becomes impossible to manipulate the exchange: the transaction space between buyers and sellers is completely secure and immutable.

Fairer Commissions for Artists

Unlike traditional marketplaces that charge commissions of up to 50%, Artrade only charges 5% on sales. This highly competitive ratio means that creators are more rewarded for their work.

NFC Chip: Ensures Authenticity of Work

Each piece is uniquely associated with an NFT via an NFC chip, a technology that enables short-range data exchange. This chip establishes an unforgeable digital twin that guarantees the authenticity of the physical work.

That's a glimpse of Artrade and how they are bringing a revolution in the world of art and blockchain. By combining the beauty of traditional art with the sophistication of blockchain technology, Artrade opens up new opportunities for artists and collectors around the world. Keep following Bittime.com for the latest updates on innovations in the world of blockchain!

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What is Digital Art?

What exactly is Crypto Art, and how does it work?

Getting to Know NFT Art: A Form of Art in the Blockchain World

Digital Collectibles Revolution Plan by Bitcoin

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.