Review on 4ART Coin by Olugbenga Ajayi
4Art brings blockchain technology into Art industry
As an avid lover of art, I am personally excited to see the implementation of Blockchain technology and smart contract in solving problems inherent to art marketing. Such problems includes insecurity, poor handling and management, poor catalogue, forgery, lack of market, over valuation, under valuation and lots more.
Now most of these problems will be handled by 4Art blockchain project. The project is headquartered in Switzerland and was launched in 2018 with ICO presale taking place on 9th July, 2018 and the ICO between 31st October to 31st December same year.
Some features of this projects are:
DNA based fingerprint for art work verification. Here all art Asset providers will be given an ID and they will get verified via the fingerprint system.
It uses vector technology and layer photography to take record of all molecular structures of an art work.
It uses its token as utility to reward art work providers and as loyalties for it's ecosystem of adopters.
The project will apply four solutions to achieve their objectives namely, 4Art DNA, 4Art Passport, 4Art Treport and 4Art Protocol.
Security of all assets will be ensured by the inbuilt blockchain based technology.
Users will be able to register all their artwork digitally and be sure of transparency and immutability of their assets.
Pros
- 4Art will eliminate centralization related to registration and authentication of art assets
- It provides a platform for fast and secure handling and storage of artwork
- It makes art collection unforgeable through unique fingerprint technology
- Ease collection and marketing of art assets
- It is a marketplace where buyers will meet sellers
- It has an active presence on most social media platforms
- Its coin 4ART is already available and traded on bittrex
- It gives user a new way to maintain a lasting ownership and proprietary right over digital art Asset
- Website is well designed with clear and responsive links
Cons
- No information yet about the founder of the team
- Adoption is slow as can be seen from the number of their community on social media
