On October 17, 2022, Mr. Bruno Le Maire, Minister of Economy, Finance and Industrial and Digital Sovereignty, was interviewed by BFM Crypto on the topic of crypto assets.
Artmarket.com takes careful note of the statement by the top of the state about the economic potential of the crypto-asset ecosystem, and especially the fact that France wants to make “the European hub of the crypto-asset ecosystem”. Bruno Le Maire states, “And we want France to become the European hub of the crypto-asset ecosystem in it.”
He adds: “Today France brings together some of the most innovative PSANs in the world and can draw on an exceptional concentration of crypto skills, be it scientific, IT, financial, legal or commercial.”
Artmarket.com is fully willing to contribute to make France a leader in crypto assets in Europe and worldwide, especially in the specific field of Art NFTs, which are adopted by all historical players in the art market.
A world leader in art market information and a pioneer of the Internet since 1987 with the Server Group, Artprice by Artmarket, twice named an innovative company by BPI France, has all the assets, the technological know-how and experience to this mission to contribute to make France a world leader in crypto art.
Artmarket.com already has a permanent information feed in 119 countries, as the world’s leading news agency dedicated to the art market, NFTs and Metavers:
Artprice by Artmarket.com confirms for the first half of 2022 that the phenomenon of NFTs (Non Fungible Token in English, Jeton Non Fongible in French) for art will become an enduring part of the art market on all continents with an acceleration in sales and volumes for the second half of 2022, mainly due to crypto cleansing and new much more favorable legislation in the US, with regulatory oversight in Europe cleaning up crypto and building confidence among consumers, investors and operators.
These regulations are the subject of studies, colloquia and proposals to major French and European public authorities by the Art & Law Institute, in which Artprice by Artmarket has been closely involved since 1997 as a long-term member.
Thierry Ehrmann, founder of Artprice and CEO of Artmarket.com emphasizes: “Artprice by Artmarket.com in its various annual reports on the art market and its regulated information has always included NFT in its studies, which it is impossible to understand this market with exponential growth, without taking into account the Blockchain, crypto-currencies and their cultural origins by the Cypherpunks (period of data encryption type PGP early 1990s).”
Indeed, OpenSea USA, the leading NFT platform, itself states that 80% of Art NFTs’ primary problems are likely to affect the intellectual property rights of third parties. Faced with this observation, Opensea has announced that it is considering solutions to combat this scourge and protect sellers and buyers. His reflection can only lead him to Artprice’s first market certification through its blockchain and its smart contracts.
It is precisely in the primary issue of Art NFTs that Artprice by Artmarket.com is the only one in the global market, taking into account all the underlying parameters and data, to truly comply with the certification of primary issues of NFTs d’ Kunst.
This ability to certify primary issues of Art NFTs is based on the fact that Artprice by Artmarket.com is the world leader in art market information and has been the author of its databases for 25 years, which are globally authoritative with the largest documentary collection in the world of notes, manuscripts and sales catalogs since 1700, which in return guarantees the authenticity and historical evidence of its databases.
Artprice by Artmarket.com strives to be the most successful and highly competitive Art NFT platform through its Metavers, which is the ultimate and inevitable result of the NFT revolution.
This Metaverse is the assurance of exponential and continuous growth of the art market by NFTs. It will be supported by its Blockchain and its smart contracts to allow fair compensation for artists, with collecting societies such as ADAGP, of which Artprice has long been one of the main contributors, under the legal provisions of reproduction, for the support of artists.
The Minister of Economic Affairs adds: “In the short term, I am pleased with the transition from Ethereum to proof of stake, which consumes much less energy. “.
This is in line with Artprice by Artmarket.com’s Blockchain, which will primarily use Ethereum for its smart contracts, as announced in its recent press release, following the transition from “Proof of Work” (PoW) to “Proof of Stake” for Ethereum. 2.0, September 15, 2022:
https://www.actusnews.com/fr/artmarket/cp/2022/09/15/artmarket_com-the-merge-une-success-history-and-ecology-for-the-ethereum-cryptocurrency-of-reference- for- artprice-and-the
Indeed, Artmarket.com has been tracking the transition to “The Merge” for the completely low-carbon Blockchain Ethereum 2.0 for 3 years now, in a context of the global energy crisis, which has only just begun. According to the founder Vitalik Buterin, the electricity consumption of the Blockchain ETH has decreased by more than 99.95% thanks to “The Merge” after 7 years of development and successful beta testing, ranging from the “Proof of Work” (PoW) to “Proof of Stake” (PoS).
Artprice’s three-year intuition to anticipate the Blockchain Ethereum and its smart contract as the reference in the art market for NFTs is further supported by Christie’s official dispatch of September 27, 2022 with the announced launch of Christie’s 3.0 which is based on the Blockchain Ethereum.
According to a study by Artprice:
“All Art Market Market Makers, and in particular most auction houses around the world, now have a year-round NFT department for cataloged and online sales. Likewise, all major structures in the museum industry and art galleries are starting to publish their own NFTs.
The digital art created in the 1980s is finally making its real revolution by hitting nearly half a billion art lovers NFTs, at purchase costs that are now very accessible.
More than 54,000 artists have already been identified by Artprice who produce their NFTs directly for their buying audience and this is just the very beginning of this paradigm shift.
It is a far-reaching event that definitively changes the structure of the art market and its actors, as it has been known since 1950 according to sociologists, art historians and analysts. This is also confirmed by the various departments of Artprice, especially with regard to the figures. » :
https://www.actusnews.com/fr/artmarket/cp/2022/09/29/artmarket_com-rapport-financier-s1-2022-les-capitals-prepassent-les-30m-eur-rn-en-progression- record-ca-s1 setup
Artmarket.com will fully contribute to give France and Europe a chance to counterbalance the Anglo-Saxon hegemony in crypto assets and will give the Minister of Economy, Finance and Sovereignty, Industrial and Digital, precisely the unique capabilities of Artprice by Artmarket expose .com, the world leader in art market intelligence for 25 years, for the certification of primary issues in art NFTs and crypto art more broadly.
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Artmarket is a global player in the art market with, among other things, its Artprice division, which is the world leader in databases on art quotations and indices with more than 30 million indices and sales results of more than 793,000 artists.
Artprice by Artmarket, the global leader in art market information, has set itself the ambition to be the world’s leading Fine Art NFT platform through its Standardized Marketplace.
Artprice Images® provides unlimited access to the largest art market collection in the world, a library of 180 million images or engravings of works of art from 1700 to the present, commented by historians.
With its Artprice department, Artmarket continuously enriches its databases of 6,300 Auction Houses and continuously publishes Art Market trends for the most important agencies and 7,200 press titles worldwide. Artmarket.com makes available to its 5.4 million members (members log in/RS) the ads posted by its members, who now form the world’s leading Standardized Marketplace® for buying and selling artworks at a fixed price or by auction (auction regulated by paragraphs 2 and 3 of Article L 321.3 of the Commercial Code).
Artmarket with its Artprice division, was awarded the state label “Innovative Company” for the second time in November 2018 by the Public Investment Bank (BPI).
The Artprice 2022 State-of-the-art Art Market Report by Artmarket.com:
Half-year report Artprice 2022: the Art market is back with strong growth in the West:
The 2021 Annual Global Art Market Report, published March 2022 by Artprice by Artmarket:
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