Source prnewswire
Artmarket.com: Artprice’s Standardized Marketplace® now accepts cryptocurrencies Bitcoin and Ethereum for transactions on its platform
Founder and CEO of Artmarket, Thierry Ehrmann, believes that after a period of very cautious observation, cryptocurrencies are now showing some positive signs after a period of very cautious observation". According to Artprice by Artmarket, in the current circumstances, it is in its interest to integrate - as of today - the cryptocurrencies Bitcoin and Ethereum into its famous Standardized Marketplace®, which was originally launched in 2005.. With these cryptocurrencies now competing with major international currencies, it is only natural that Artprice should also add Art NFTs to its Marketplace in a new category or medium, giving them a legitimate place in the history of the art market With these cryptocurrencies now competing with major international currencies, it is only natural that Artprice should also add Art NFTs to its Marketplace in a new category or medium, giving them a legitimate place in the history of the art market As a result of our long and careful observation that there has been an increase in the consultation of auction results in Bitcoin and Ethereum across all Artprice's databases since their effective integration into our system in September 2022, we have decided to quote cryptocurrency prices on our Standardized Marketplace®. As a result of our long and careful observation of the increase in consultations of auction results in Bitcoin and Ethereum across all of Artprice's databases since they were incorporated into our system in September 2022, we have decided to quote cryptocurrency prices on our Standardized Marketplace®. The photo can be found at: https://mma.prnewswire.com/media/2279343/Artmarket_1.jpgThis photo can be found at https://mma.prnewswire.com/media/2279344/Artmarket_2.jpgOver 82% of the total value of the approximately 21,000 cryptocurrencies that exist at present (excluding stablecoins) is accounted for by these two main cryptocurrencies (ETH and BTC).By analyzing its hundreds of millions of connection logs, Artprice has been able to observe - over the last 14 months – a regular increase in consultations of the Bitcoin and Ethereum prices in its databanks. In statistical terms, this number is now close to the number of consultations of major international reference currencies like the dollar, the euro, sterling or the yen, in terms of statistics.As a result of this evolution at Artprice, cryptocurrency has become an increasingly important part of the mentalities and habits of art professionals, collectors, and art enthusiasts alike.Since these positive and indisputable statistics have been accumulated over a period of 14 months, Artprice by Artmarket has made the historic decision today to incorporate Bitcoin and Ethereum into its Standardized Marketplace®, which presents a daily selection of more than 75,000 works of art from all over the globe.. Artprice's seven dealers buy and sell these works on a regular basis.There are more than two million customers and members, generating an annual turnover of several hundred million euros for the company. In addition to the success of this platform, it is a reflection of the trust, built over the past 18 years, between its buyers and sellers In addition to the success of this platform, it is a reflection of the trust, built over the past 18 years, between its buyers and sellersWith the inclusion of Art NFTs in the Standardized Marketplace® of Artmarket, as well as their quotations in Bitcoin and Ethereum (in addition to the major international currencies), Art NFTs will undoubtedly contribute greatly to the general legitimization of this new medium as a means of acquiring value.Artprice by Artmarket's Standardized Marketplace® will have an undeniable competitive advantage immediately due to the fact that the main existing NFT platforms have yet to deal with a number of fundamental issues due to a lack of time, financial means, and above all, the inability of those platforms to handle all the associated copyright issues in a timely manner.OpenSea, one of the leading platforms for NFTs, has itself asserted that 80 percent of the primary issues of Art NFTs will impact third-party intellectual property rights. As a result of this observation, Opensea has announced that it is working on solutions that will mitigate this problem and, in turn, protect both sellers and buyers. This can only lead to Artprice certifying the primary issue market as a primary issue market.The primary issue of Art NFTs is precisely where Artprice by Artmarket will be able to generate excellent turnover (and profits) in Q3 2023, already up 75% from Q2 2023.Artprice is the only organization on the global art market that is capable of providing the certification of the primary emissions of Art NFTs in an environment of cryptocurrency and major international currencies that takes into account all the underlying parameters and data that are required.The fact that Artprice by Artmarket has been the global leader in art market information for over 25 years and is the creator and owner of the globally recognized databases for Art NFTs enables them to certify the primary emissions of this technology. As a result of its extensive collection of art market notes, manuscripts, codices, and annotated sales catalogs dating from 1700 to the present day, it serves as a guarantee for the authenticity and historical veracity of its database as well as its historical relevance. It is the position of Artprice by Artmarket to be the global leader in the field of art market information and, with the creation of its Standardized Marketplace® in 2005, it provides the art market with a perfectly logical and essential guarantee that is recognized throughout the field.. For the past 25 years, we have practiced exactly what it takes to sell art NFTs online and have been doing exactly what it takes to do so, and that is the initial certification of the artist, followed by a meticulous examination of the artist's biography and all the original supporting documents pertaining to the artist, which are subsequently kept in Artprice's archives.. In fact, it is precisely this practice that inspires the confidence and recognition of the market In fact, it is precisely this practice that inspires the confidence and recognition of the marketIt is our policy that we will not allow the sale of any artwork or an art NFT online unless the identity of the artist (especially in crypto art), as well as the identity of the professional seller, has been verified through a very strict and draconian control procedure. It is of particular importance to note that this is all the more important in the context of NFT sales, since there is a certain amount of laxity at this level, which has led to many problems on other sites as a result.The added value of Artprice by Artmarket is quite simply its knowledge of the artists, either through their prior auction results or through their rising notoriety as a result. The Artprice Intranet messaging system is also offered to buyers and sellers, so that they may agree on the terms of their transaction in a confidential and consensual manner.As the first stone in the edifice, the quote of auction results in cryptocurrencies for September 2022 was introduced after a considerable amount of research and reflection. By quoting 8,828,384 art auction results in Bitcoin, dating back to 1 February 2011 (with 1 Bitcoin costing $0.7, £0.434031, and €0.50707), Artprice by Artmarket had already taken a step forward. In addition, 5,814,866 art auction results were cited by Artprice by Artmarket, dating back to 7 August 2015. Each Ethereum was valued at $3, £1.93626 and €2.735523.As a result of the addition of the two reference cryptocurrencies to the historical currencies of the 20th century (the dollar, euro, sterling, yen) in Artprice's databases, clients were able to gain a deeper understanding of the development of cryptocurrencies over the past decade in comparison to the world's major non-cryptocurrencies.As a result of cryptocurrency, a new generation of collectors and art enthusiasts, often younger than their non-crypto peers, has come into the crypto-universe of Web 3.0. They do not shy away from speculation and risk, and they will never leave this world. These new customers, who frequently requested data from Artprice by Artmarket, constantly requested that ETH and Bitcoin be added to all Artprice databases as well as the Standardized Marketplace® of Artprice.Having said that, Artprice is currently finalizing the Metaverse of its head office which is located in the heart of its illustrious L'Organe, Museum of Contemporary Art which manages the Demeure du Chaos/Abode of Chaos which is one of the most famous museums in the world (dixit The New York Times).. To create the Metaverse of this edifice with its highly singular architecture (that falls into the category "total work of art") created by thierry Ehrmann (who is also a visual artist), the European group TT Géoomètres Experts with its 3D Lab and Groupe Serveur (Artprice's parent company) carried out the complete digitization of the 6,300 artworks integrated into the buildings, offices, outbuildings and surrounding walls, covering a surface area of over 7,555 m², leading to the creation of a digital asset of 12 terra-bytes. During the period of 2018 to 2023, this study was conducted. See the following links for more information: See the following links for more information:https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdfWe would like to inform you that all the necessary investments have already been fully covered by Groupe Serveur.Intuitive Artmarket ® AI, which is Artprice's proprietary artificial intelligence, is the future of Artprice by Artmarket and is the meeting point between Web 3.0 and Artprice's proprietary artificial intelligence.This Artprice Metaverse, which is being developed in AR (augmented reality) and/or VR (virtual reality), is currently in the final stages of development and has been designed to make people forget rigid IT with Web 2.0 applications..A veritable obstacle to the creation of anything. It will allow crypto-universe enthusiasts to live their experiences to the fullest, in particular through the release announced at WWDC 2023 of Apple's Vision Pro, the perfect synthesis of augmented reality and virtual reality. As of now, we have the Meta Quest 3 to join us, the Hololens 2 from Microsoft, the VR DELL VRP100, the VRX from Lenovo, the Gear VR R322 from Samsung, as well as the HP Reverb G2, all of which join us together to create a Web 3. It will allow crypto-universe enthusiasts to live their experiences to the fullest, in particular through the release announced at WWDC 2023 of Apple's Vision Pro, the perfect synthesis of augmented reality and virtual reality. As of now, we have the Meta Quest 3 to join us, the Hololens 2 from Microsoft, the VR DELL VRP100, the VRX from Lenovo, the Gear VR R322 from Samsung, as well as the HP Reverb G2, all of which join us together to create a Web 3.During the period in which Artprice by Artmarket conducted cautious observations of cryptocurrencies, lots of more or less unpredictable events have destabilized the global economy and, in particular, cryptocurrencies as a whole.The cryptocurrency market reached historic highs on 10 November 2021 (at $68,989 for Bitcoin and $4,866 for Ethereum) after which it went into a steady decline to reach a low of $15,480 for Bitcoin on 21 November 2022 and $880 for Ethereum on 18 June 2022.Thus, the year 2022 and a large part of 2023 were the final test for cryptocurrencies, with a dizzying descent, a drastic purge of outsiders, a number of memorable trials (such as the fraudulent bankruptcy of Sam Bankman-Fried's FTX), the introduction of drastic regulations, all set against the backdrop of a very difficult economic, financial, and geopolitical context, with galloping inflation, stagnation in world trade, and a meteoric rise in interest rates.As a result of this 'trial by fire', cryptocurrencies have become an integral part of the international monetary system and history, and the world of finance is well aware of how resilient cryptocurrencies can be to crises, as this trial by fire has led to the establishment of cryptocurrencies. There are now Bitcoin funds available for clients at Morgan Stanley and JP Morgan Chase as well.Furthermore, despite the economic context described above, nothing has stopped a number of planned developments, including the transition from Ethereum 2 to "The Merge" on 15 September 2022, which will lead to Ethereum 2 being completely 'decarbonized'.In the context of the global energy crisis, what is the role of blockchain technology?. According to the founder of the company, Vitalik Buterin, thanks to "The Merge", after a period of 7 years of development and a successful beta test, the electricity consumption of the Ethereum Blockchain has been reduced by over 99.9%..A 95% increase in efficiency was achieved by switching from "Proof of Work" (PoW) to "Proof of Stake" (PoS) (Source Ethereum Foundation)A 95% increase in efficiency was achieved by switching from "Proof of Work" (PoW) to "Proof of Stake" (PoS) (Source Ethereum Foundation)In a global context where concerns about global warming have reached a fever pitch, this is indeed a vital development, one which explains, among other things, the Central Bank of Norway's decision to build the Norwegian MNBC (Central Bank Digital Currency) on Ethereum, as well as Bank of America's decision to refer to Ethereum as a "green giant" and qualify it as a virtuous investment.But it is BlackRock's announcement, the world's largest asset manager, that seems to have definitively signaled the re-awakening of cryptocurrencies as well as the end of the bear market in cryptocurrencies. A few days after submitting a first Bitcoin spot ETF (Exchange Traded Fund) application to the Securities and Exchange Commission (SEC), BlackRock filed a second one on Thursday, 9 November 2023, this time for an Ethereum spot ETF called iShares Ethereum Trust.. As a result, retail investors will be able to gain exposure to the second-largest cryptocurrency by market capitalization without having to directly hold the asset themselves As a result, retail investors will be able to gain exposure to the second-largest cryptocurrency by market capitalization without having to directly hold the asset themselvesAnalysts at major American banks are predicting very high prices for cryptocurrencies, in particular Bitcoin and Ethereum, which will be significantly higher in the near future than they are at the moment. The consensus of these analysts is very positive towards cryptocurrencies."We have been patiently waiting for the right moment to launch this key deployment in the history of Artprice by Artmarket at a time when the best conditions were available for the art market and cryptocurrencies at the same time," said Tierry Ehrmann.. By entering the Web 3 environment, we will be able to take the first steps in the deployment of our authoritative Standardized Marketplace® and open it up to the world of cryptocurrencies and NFTs.. There is no doubt that the Internet will have a very bright future in the near future. Without the expertise and experience of Artprice, which has been the global leader in art market information for more than 25 years, it would not have been possible to take this step. Without the expertise and experience of Artprice, which has been the global leader in art market information for more than 25 years, it would not have been possible to take this step.The following images are available: [https://imgpublic.artprice.com/img/wp/sites/11/2023/11/image1_bitcoin_artprice.jpg] [https://imgpublic.artprice.com/img/wp/sites/11/2023/11/image2_ethereum_the_merge_artprice.jpg]All rights reserved thierry Ehrmann www.artprice.com - www.artmarket.com. Copyright 1987-2023 thierry EhrmannIt is a member of the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF and is listed on Eurolist by Euronext Paris.Here's a video that introduces Artmarket and its Artprice department: www.artprice.com/videoA company called Artmarket, along with its Artprice department, was established in 1997 by its CEO, Thierry Ehrmann, and is under the control of Groupe Serveur, which was established in 1987.The following is a certified biography of Tierry Ehrmann in Who's Who in France:http://imgpublic.artprice.com/img/wp/sites/11/2023/04/2023_2_Biographie-Thierry-Ehrmann_WhosWhoInFrance.pdfThe Artmarket Group is a global leader in the Art Market with, among other things, its Artprice department, one of the world's leading organizations for collecting, managing, and exploiting historical and current art market information (the original document archives, codex manuscripts, annotated books, and auction catalogs acquired over the years) stored in databanks with over 30 million indices and auction results covering more than 825,000 artists.With the Global Standardized Marketplace, Artprice by Artmarket has set itself the ambition of being the world's leading fine art NFT platform as it aims to be the world's leading source of information on the art market.With Artprice Images®, you have unlimited access to one of the world's largest Art Market image banks, which consists of no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, accompanied by comments written by our art historians.In addition to collecting data on a permanent basis from 7200 auction houses, Artmarket with its Artprice department also produces key information about the Art Market for the main press and media agencies on a regular basis (7,200 publications).. There are seven of them.In the past two years, over 2 million users ('members log in'+social media) have had access to ads posted by other members, making it the leading Global Standardized Marketplace® for purchasing and selling art at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321).In accordance with Article 3 of the French Commercial Code)In accordance with Article 3 of the French Commercial Code)With its Artprice department, Artmarket has twice been awarded the "Innovative Company" state label by the Public Investment Bank (BPI), which has supported its efforts to consolidate its position as a global player in the art market through its project to consolidate its position as a global player in the art market.According to Artprice by Artmarket, the 2023 Contemporary Art Market Report is available at the following link: http://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023/Artmarket's Global Art Market Report, "The Art Market in 2022", was published in March 2023, and can be found here:https://www.artprice.com/artprice-reports/the-art-market-in-2022The following is an index of all the press releases posted by Artmarket with its Artprice department: https://serveur.serveur.com/artmarket/press-release/en/On Facebook and Twitter, you will be able to follow all the Art Market news in real time with Artmarket and its Artprice department.There are more than 6.4 million followers on the artpricedotcom Facebook page (www.facebook.com/artpricedotcom)Twitter: https://twitter.com/artmarketdotcomTwitter: https://twitter.com/artpricedotcomArtmarket and its artprice department are headquartered at the famous Organe Contemporary Art Museum, "The Abode of Chaos" (dixit The New York Times), where you can learn about the alchemy and universe of the company: https://www.artprice.com/video (dixit The New York Times) https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013).There is a project entitled "La Demeure du Chaos / Abode of Chaos" by SAMTKUNSTWERK and SINGULAR ACRHITECTURE that is now publicly available here: https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdfThis is a video of L'Obs - The Museum of the Future: https://youtu.be/29LXBPJrs-o· www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (more than 4 million followers)Here is a link to the video: https://vimeo.com/124643720You can contact Artmarket.com and its Artprice department at [email protected] - Contact: Thierry Ehrmann, [email protected]Artmarket logo - https://mma.prnewswire.com/media/2260897/Artmarket_logo.jpgArtmarket.com is the source of this informationIn the opinion of Thierry Ehrmann, Chairman and Founder of Artprice, and Director of the ArtMarket, "Following a very quiet period of observation, crypto currencies have now taken off...After a period of very careful observation, according to Thierry Ehrmann, founder of Artprice and CEO of Artmarket: "After a period of very careful observation, crypto currencies are now beginning to show their true potential..."You can now receive PRN's top stories and curated news delivered straight to your inbox every week by signing up!
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