Arttaca
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| Founded | 2021 |
|---|---|
| Founder |
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| Headquarters | Hong Kong |
Area served | Worldwide |
| Website | Official Website |
Arttaca is an open platform specifically designed for art enthusiasts to connect with each other and further expand their reach as industry specialists. The platform was created with the aim to bring art creators and collectors closer and build a knitted community empowering them both to follow their passions.
Arttaca leverages blockchain technology to represent physical pieces and help artists gain global recognition instead of being confined to art galleries or exhibits hosted in a single physical location.
History and operations
Arttaca was founded on the premise that the ever-evolving blockchain technology can further fuel the movement by pushing forward a new way of owning and trading Art. The idea behind the creation of this unique platform was to increase the operational efficiency in the art sector, especially while showcasing, buying, and selling art pieces.
The two main target points while establishing this platform was to address the fact that artists have to fight tooth and nail in this industry to gain even a small amount of recognition from prestigious galleries and on the other hand avid art collectors while buying these pieces are often troubled by the idea of authenticity of the said pieces.
In the upcoming future, Arttaca will introduce fractional ownership of NFTs. Collectors will be able to acquire a portion of a painting or sculpture that would otherwise be out of their reach. Lowering the barrier to entry for collectors while allowing them to profit from their favorite artifacts.
How does it work
Arttaca's fundamental premise is to mix physical art and NFTs. It's referred to as Digital Ownership Physical Asset (DOPA). All works received by Arttaca will be digitized, and an NFT will be issued for each one. The artists will sign a paper transferring ownership of the piece to the NFT bearer.
Features and benefits
Arttaca For Artists:
Finding Your Voice: Arttaca has a vast collector base with a wide range of interests. This aids artist in locating their target audience.
Exposure: Arttaca promotes artists not only on its platform but also on social media, by organizing marketing campaigns on a regular basis. The platform also hosts individual shows to further expand the artists' reach. Arttaca also facilitates printing facilities
Artist royalties are protected under the law. By facilitating this, Arttaca gives the Artist complete control over all aspects of their NFTs.
Digital Presence: When a purchase is made, the NFT is minted. This immediately digitizes the physical work.
Giving back: Half of the 3% transaction fee that the platform charges for digital NFTs and a fifth of its commission for physical NFTs are used to fund grants and residencies for up-and-coming artists.
Artist Portfolio: Arttaca also creates a platform where artists can show off their art to the audience, as well as a site where collectors can express interest in and buy their work.
Authenticity: By collaborating with Scantrust and their technology, the authenticity of each art piece is protected on this platform
Provenance: Since all transactions can be tracked and traced on the blockchain, there can be no question of the provenance of the works.
Storage: All the artworks are securely stored at the company’s facility in Hong Kong which is temperature and humidity-controlled.
Arttaca For Collectors:
Identifying Great Art: The platform assists collectors in identifying inspiring artists and works that speak to them.
Continued Income for Artists: Arttaca ensures that Artists continue to benefit from their hard work by hardwiring revenues into Arttaca NFTs.
Authentic Works: To protect collectors' interests, all works at Arttaca go through an authentication process. With just a few clicks, the provenance of works can be easily monitored.
Easy documentation: All the users need is the NFT in their Web 3.0 wallet to establish ownership, authenticity, provenance, and exhibit works. The wallet acts as a personal catalog, simplifying the process of collecting art.
It's easier to make offers on works: Previously, once a piece was sold, it vanished into oblivion. Other collectors were not able to locate them until they reappeared in an auction catalog. They can use Arttaca to make proposals to the present owners, enhancing their chances of getting the item.
Owners of works had no means of knowing how much interest there was in their collection unless similar items were sold on the open market. They can now receive bids on projects that potential purchasers are interested in.
Collectors can use our storage and custodial services to store their items. The works will be safely stored in a climate-controlled environment tax-free. This eliminates the inconvenience of displaying the works.
Low Fees: Compared to galleries and auction houses, Arttaca only charges a 10% fee that is included in the purchase price for physical-linked NFTs. The platform's commission is 3 percent of the purchase price for pure-digital NFTs.