
Hello everyone, today i will explain a project that has concept about Art. this project deals with Artwork with Blockchain Technology. curious refer to my article below.
Art or Art is an imagination created by man creatively to express the feelings of man himself. Which where the creation has aesthetic value or beauty. there are many types of works of art such as paintings, sculptures, or others. many people who are interested in artwork create new problems such as cheating or even forgery of artwork. the problems are mostly found in the online art market, where the buying or collecting of artwork can not see the authenticity of the artwork that he wants to buy. for that needed a platform that can solve the problems that occur in the online art market.
then I finally found a project that developed a platform for the online artwork market. the project incorporates a decentralized blockchain technology with a platform of online artwork mockups. the project is APA (All Publish Art).
What is All public art (APA)?
All public art is an art market with a powerful peer-to-peer trading platform that utilizes blockchain technology to eliminate manipulation of counterfeiting rates and intermediary manipulation.
All Public Art is Dedicated to 6 Goals
Support artists, sellers, collectors and consumers that trade art.
Enable transparent, publicly auditable transactions between artists, sellers, collectors and consumers through blockchain technologies.
Leverage new and exciting technology to help artists.
Increase the quality of the trade process by eliminating the role of the intermediary.
Reduce counterfeit art in the market through modern identification methods and blockchain tracking technologies.
Connect the global community of people who love art.
All Public Art aims to create a thriving community of people who purchase and sell art with the advantages of blockchain technology.
All Public Art’s team is excited to execute ideas that will integrate blockchain technology into the art market, improve art trade services and increase the economic and social benefits in the art community on a global scale.
What does the company/project do?
Maecenas is creating a decentralized art gallery, which is a blockchain-driven platform where shares of fine art are bought and sold.
Currently, only the rich can invest in expensive artwork because the price is high and it is difficult to obtain financing for the purchase.
On the platform, Maecenas divides artworks into fragments and users can invest and trade those shares. Users can now own a fragment of an artwork, whereas in the past they could not afford the whole painting or sculpture.
Users on the platform can also trade the shares between each other to create a liquid secondary market for those artworks. With Maecenas, artworks can be traded like stocks.
Currently, the artwork trading industry is inefficient. It is an old-fashioned, illiquid and often opaque market. Galleries typically go through a few reputable auction houses that charge huge fees — up to 25 percent. In contrast, Maecenas charges a flat fee of 2-6% for monetizing the artwork.
The tokens on the Maecenas platform represent legal ownership of the artwork by creating a special purpose vehicle (SPV) that owns the artwork. The linkage between tokens and ownership in the SPV is defined in the constitution of the company. This way, users can obtain legal rights of the artwork by obtaining tokens.
Since there is a cost associating with creating the SPV and sorting out the legal ownership, Maecenas will only list artworks with a minimal value of $500,000 and up to several million. Initially, Maecenas will mainly focus on Fine Art (paintings, sculptures, drawings) from the period 1840–1990.
Fractional owners cannot enjoy the artwork because it is not physically with the owners. However, there will be a leasing fee so that the investors are paid for use of the artwork in the gallery. The leasing fee is typically 2-3%, but it depends heavily on the type of artwork, the type of exhibition, etc.
Below is a flowchart of getting a piece of artwork listed and traded on the Maecenas platform:

Vision
The primary objective and long term goal of All Public Art, is to have the AllPublicArt token be the go-to peer-to-peer trading tool in the art market. For that vision to be achieved in the art market, the All Public Art’s marketplace has been executed. The art market and blockchain technology will merge perfectly due to the combination of these fundamental features of the program:
Simple Communication.
A Transparent System.
Security and Stability.
Empowering Artists and Art Collectors.
A Community of Supporters.
In order to achieve a successful community of peer-topeer trading, the All Public Art marketplace is in the process of being established. All Public Art is proud to present art collectors, art enthusiasts, consumers, artists and art sellers an opportunity to join All Public Art as we strive to contribute to moving the art market forward.
Mission
Our mission is part of a technological movement called regtech applying technology to the traditional auditing, compliance, and supervisory function of markets. The current trading arrangements in the art market can be replaced by the blockchain’s ability to ensure the validity of a transaction while ensuring that art ownership and identity records are accurate and remain unchanged.
How It Works?
Our primary objective and long term goal is peer to peer trading (P2P) in the art market. For that vision to be achieved in the art market, the All Public Art’s marketplace has been created. The art market and blockchain technology will seamlessly merge together due to the combination of the fundamental features of the program. There are four key components to the All Public Art trading process :
REGISTRATION
Artists, art collectors and anyone interested in engaging with the All Public Art community or APA’s services must register on the platform. After registering and creating a profile on AllPublicArt.com or in the mobile app, an artist may post artworks and art related items in exchange for APA tokens.
UNIQUE IDs & SECURITY
When artists and collectors register on All Public Art they will receive a unique ID which will be used to authenticate all their transactions on the blockchain. There will also be four options for Artwork Security:
Unique ID with QR code
Unique IDs embedded in tamper sensitive stickers and holographic stickers
RFID chips (Radio Frequency Identification chips)
Micro RFID chip in adhesive applied to the artwork
TRADING
When an art collector finds an artwork that they want to trade tokens for, they may simply click on the “Acquire Artwork” button to initiate the trade with the artist. A smart contract associated with the trade will be coordinated with All Public Art’s API to document the details of the transaction on the Blockchain as well as transfer the APA tokens to a temporary address and lock them until the artwork is confirmed as received.
SHIPPING
Shipping artwork can vary depending on the requirements of the transaction, therefore, All Public Art as provided artists and collectors with the following 2 shipping method options to choose from:
Fine Art Shipping Affiliates for fine art
Standard Shipping for small artwork and items
Token Pre-Sale:
The pre-sale phase will run from February, 12 2018 to February, 18 2018. The goal of this phase is to build momentum for the token sale in a short period of time, and to encourage early investment.
$15 worth of ETH minimum for Artists 25%
$10.5k worth of ETH 25%
$30k worth of ETH 30%
$150k worth of ETH 35%
$300k worth of ETH 40%
A bonus will be issued depending on the amount of tokens contributed. A minimum contribution of $10.5k worth of ETH is required to participate in this phase unless you are a registered artist. The details of this bonus are:
Token Sale:
The token sale phase will run from February 19, 2018 to March 19, 2018. Early participants will receive bonus tokens to reward them for joining earlier. The sooner you join, the greater the bonus that will be.
1st (First) Week 20%
2nd (Second) Week 15%
3rd (Third) Week 10%
4th (Fourth) Week 0%
Token Distribution

The funds will be used for development, marketing, operations, legal, governmental duties and other expenses that will occur in next few years. These funds are necessary for developing and running the AllPublicArt token project in All Public Art.
50% Development
25% Marketing & Sales
15% Operations
10% Legal
Roadmap

More information
Created by Aprilnot
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