What is ICO artwork and how can it help the art world?

If you are involved in the art industry in any capacity, you may have recently heard the term ICO artwork. What is ICO artwork, and how can it benefit you? Read on to find out.

What is an ICO? — ICO is the abbreviation for the term Initial Coin Offering, and it refers to something in the cryptocurrency world that is similar to the business world’s IPO.

The current ICO you might want to check on when it comes to artwork is the ICO artwork that is being kicked off by a company called ArtCoin.

Who is ArtCoin? — ArtCoin is an organization that has a business plan that is going to change the art world as we know it.

It is a company that will use a cryptocurrency and a software program to authenticate both artwork and the payments that are spent to buy it.

How will ArtCoin authenticate artwork? — It is quite easy for a forged painting to be sold to a private buyer, or even at auction.

ArtCoin plans to use a software program that is easily able to spot a forgery and to authenticate a piece of work that is original for its potential buyer.

How will ArtCoin’s ICO for artwork help buyers and sellers? — Their cryptocurrency will be used to both buy and sell artwork around the world.

This will eliminate the scams currently going on when art is up for sale and will give investors additional security when they seek to purchase expensive paintings, drawings or sculptures.

You can learn more about ArtCoin’s ICO for artwork in their whitepaper, which explains how they plan to revolutionize the art world and make it safer for buyers, sellers, galleries, museums and others to purchase the artwork they love.

Artchain.ai

Artcoin.ai