You’re wrong if you think blockchain technology can only be used for a digital currency. Blockchain technology is an open distributed ledger can keep a record of transactions between two parties with greatest accuracy and in a permanent and verifiable way. It can also be used for art industry and other Intellectual Property (IP). 0xowns.art is a one-of-a-kind project that employs Blockchain technology to revolutionize the art industry.
Advertised with the following phrases ‘’Ethereum blockchain art’’ and ’blockchain art market’’, 0xowns.art provides a decentralized marketplace where users buy artworks, check its current market value, and set their own resale price. When that resale price is matched by someone else on the platform, ownership is transferred, and the account of seller is credited with ETH. No digital tokens or assets are granted or exchanged: the transfer of ownership is reflected by recording and validating the transaction in the Ethereum (ETH) Blockchain.
It’s a completely safe project designed for everyone, whether you’re an art enthusiast or an investor wanting to earn returns on your investment. It employs a very powerful blockchain-based security system to keep the potential hackers at bay. You’ll need to deposit Ethereum to getting started with 0xowns.art.
If you’re on the lookout for similar platforms like 0xowns.art, be sure to give it a shot. It is designed with modern day challenges in mind to take art industry to the next level. It also resolves all the pertinent issues of the art market, including lack of regulation, opaqueness in pricing and more.
How you look at 0xowns.art? Looking to join this blockchain art market? Please feel free to let us know your thoughts in the comment box below.
Martin Wilson has been following the crypto space since 2013. He is a passionate advocate for blockchain technology, and believes that it will have a profound impact on how people live their lives. In addition to being an avid blogger, Martin also enjoys writing about developments in the industry as well as providing useful guides to help those who are new to this exciting frontier of finance and technology.
