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Artrade-Reforming the art world through blockchain technology
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[QUOTE="Incarts, post: 344825, member: 102350"] Since the traditional practices of the art sector are being transformed, transparency has become the watchword of the art industry. The entire art world, including buyers, collectors, and artists, have called for improved transparency and trust. Artrade's goal is to champion this shift by utilising the transformative strengths of blockchain technology to strengthen every transaction. Known to boost decentralization, the team of Artrade aims to leverage on this basic blockchain feature to erase intermediaries, streamline the exchange process as a result, and eliminate vulnerabilities associated to third party engagement. Also utilising Blockchain transparency and auditability, Artrade hopes to offer participants a clear view of the market’s transactions, raising trust among buyers and sellers and raising equitability and accessibility in the art world. To address liquidity issue, Artrade’s innovative integration of NFT technology will facilitate direct and secure transactions between participants, delivering a smooth exchange and increase liquidity. Establishing a mechanism for community-driven decision-makin, Artrade utility token $ATR which is set to list on Bitget, will involve holders in the project’s success and governance. Transparency in the art world is vital in promoting ethical and fair transactions, build trust and confidence, and fight issues such as fraud and money laundering. The much-needed solution to the transparency issues in the art world? [/QUOTE]
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