Review on 4ART Coin by Temitope Babatunde
4ART A Solution To The Long Time Problem Of Artists.
4ART was launched in 2018 with it's headquater in Swizerland. the team consist of some seasonal and devoted artist headed by the CEO Niko Kipairos who is also the founder.
This project is unique because it provide solution to a long time problem that has been confronting the artists. for example it is not easy for them to keep their artwork for longer period of time, also some that are not the original owner in some instance has been claiming credit for the work they didn't do, but with ART4 all this will go.
4ART is a blockchain platform, which bring security, efficiency and transparency into the art world by cataloguing and transacting all process in a due way. It help art work producer to maintain ownership certification, lending, restoring, insurance, transport and anything that has to do with proper maintenance of artwork., the platform and their services is available to both individual and museum with large numbers of art works.
4ART users will be due for royalties because all resales made will be recorded on blockchain and since each work has a passport, it will be very easy to trace the owner. The catalog is accesible through desktop web application, each user of the platform will have a distinct ID and DNA fingerprint.
All transaction on the platform will be paid for by 4ART coin, which can be bought by the fiat that the platform approved. The token is utility token that will appreciate in value as many users and artist come to know and use the platform.
Truely, 4ART is a solution to long time problem of the artist.
Pros
- Paying royalties to it's Artist.
- Saving the artist from losing their original work to another person.
- It welcome Artist from all over the world to be their members.
- Helping the artist to saveguard their art work.
- 4ART has mobile application that can be use on any smartphone.
- Every transaction is decentalized on blockchain.
Cons
- Many artist of the world has not hear about this project so as to take the advantage of it.
