Buying & selling art is a big business worth billions of dollars. One can easily read in the news how a billionaire bought paintings from iconic artists like Goya or Michelangelo or even Da Vinci for hundreds of millions of dollars. Apart from these big spends, there is plenty of interest for smaller, more recent painters as well who display their incredible talent using brush and paints. Art for many is not just a status symbol but a piece of history that is priceless on its own.
But, like any luxury business, art has several problems associated with this sector including problem of forgery and lack of transparency. Aditus Pay is the world’s first decentralized luxury access platform that is designed for crypto users and affluents who like to use cryptocurrencies for sale/purchase. Fine Art is of course a sector that defines the luxury access genre and Aditus Pay has successfully integrated the service as a payments provider during the 8th edition of Art Stage Singapore, a premier art collection event that recently took place in the Pacific country.
Aditus Pay is banking on the fact that there is a natural progression of buyers and sellers of art around the world in general and South East Asia in particular towards cryptocurrencies, decentralization and transparency. During the event, Aditus Pay tokens (ADI) were used to showcase the abilities of the new platform for the future of the art industry.
The event was attended by over 1200 art enthusiasts around the world who visited the numerous galleries and exhibitions that were set up around the venue. There was a strong focus towards native Thai art in this edition of the Art Stage Singapore. Four incredible paintings stole most of the limelight including Indonesian artist Naufal Abshar’s HAHA work and its humorous social commentary.
But, apart from the art, the new crypto payment system from Aditus Pay was also praised by the event visitors including the organizers of local art galleries. One of them, Guillaume Levy-Lambert, co-founder of Art Porters Gallery, said the following:
“We are thrilled with the sale of an important early work by Naufal Abshar,” “Payment settlement proceeded smoothly thanks to the capabilities demonstrated by Aditus Pay. I’m thoroughly impressed that this is a reality and a value-added amenity to Art Stage Singapore. Welcome to a new era!”
The art community is full of open-minded people who realize that cryptocurrencies are one of the fastest growing asset-classes in the world, and are giving rise to a new class of high-net worth individuals. At the same time, the crypto world is also attracting investment and trust from the existing class of billionaires and millionaires. So, it makes sense that the art community start accepting new virtual currencies as mode of payment through a platform like Aditus Pay that is tailor-made for the luxury industry. Many non-traditional investors of Art Stage Singapore were interested in the new development and believe that it could be a game changer for the future.
While the total hard cap of the ADI tokens is 1 billion overall, 20% tokens will be reserved for merchant acquisition incentives. These tokens will be locked for a certain agreed time frame to ensure the commitment from their end. 20% tokens will also be used for user acquisition while 15% will be retained for Aditus Team. The remaining 45% will be offered in the Token Generation Event.
Visit the Aditus Pay Website: https://www.aditus.net
Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.