UniArts: The Alternative to a Corrupt Industry
Art galleries plague the financial markets and cannot be trusted.
Most of them can’t be remunerative, and collectors also need to act prudently to ensure they don’t flood the market with scarce or dubious pieces. NFTs are a solution to these problems because they allow for those artworks’ tokenized ownership with pricing that is proven through instant, public exchanges. Companies like UniArts have found success in this new paradigm by exposing buyers to limited edition and real-time studies on everyday financial markets through their ART token market platform.
What are NFTs?
NFTs are emerging and curating trends into what will soon become mainstream art. Unsurprisingly, there has been resistance from the old guard, especially from those who don’t want to share their power and high-end profits.
There’s a pattern emerging where large industries are moving from the offline world to the digital world.
The art world is no exception. With lower barriers that bring pieces of art together, platforms like UniArts have ushered in this online movement and now virtually anything can be bought, sold, or traded on various Web3 platforms.
Crypto assets are now being gradually accepted as commodity-like assets and some people are also considering them as intangible trendsetters. This may possibly help address issues faced by the art industry like corrupt practices that take place in auctions and other ways of exchanging sculptures within the physical realm.
The art world is in a state of chaos. The traditional system has been broken for a long time and it’s not until now that we are seeing the shift to the new form of distribution. With blockchain, we can see the emergence of NFTs and Crypto-Art as a way to bring back trust and transparency into the art world.
Art should not only be for the wealthy.