The digital art platform ArtID operated by Ethereum offered a securities token to finance the further development of its market.
According to an announcement made on April 29 ArtID is looking for five million euros (almost $ 5.5 million) on offer and has reached the limit of 580,000 euros in a week.
Investors holding the platform’s security brands have access to a percentage of corporate earnings. The offer aims to collect one million euros in a public offer and four million euros in a private offer.
An active digital art platform
According to reports ArtID already houses more than 1,000 works of art and has supported the purchase of 6,000 limited and artistic photographs.. The advisor to the platform for the STO is the global corporate finance company Kreston RS. The tokenized investment platform STOKR, based in Luxembourg, hosts the offer.
Stefano De Nart, head of finance at Kreston RS, said ArtID would allow investors to buy and sell artwork that was verified and certified by the chain..
He also said that given the current financial picture The platform has received a remarkable amount of fundsand said, “Although it is a difficult economic moment, the market is rewarding a solid project like ArtID’s.”
Many believe that blockchain technology’s ability to create unique and non-duplicable digital objects makes art more accessible as an investment. As Cointelegraph reported yesterday, Vesa Kivinen, creator of the art-for-crypto-inspired art platformsaid that recently Crypto art could be as big an investment as any other digital asset.
Mid-April French artist Ben Elliot also published a sign that is said to be linked to his personal accomplishments and the value of his entire career..
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