As decentralization gains serious steam in investment circles, it was only a matter of time before blockchain startups came knocking for a slice of the art market.
A new investment fund called Salon is launching with the hopes of changing how people collect both digital and physical art, leveraging the ethos of Web3 and blockchain to help it build first-rate collections of contemporary art.
The fund, which functions like a decentralized autonomous organization, or DAO, gives members staking and voting rights backed by the Salon token. The business model is simple: buy and stake the Salon cryptocurrency, then participate in identifying, acquiring, and stewarding artworks for the collection.
Founded earlier this year by a denizen of the digital art world, Artsy social-media marketing manager Jordan Huelskamp, Salon bills itself as a decentralized, blockchain-orientated art fund that she hopes can pivot away from the traditional ways art business is done.
Huelskamp told Artnet News...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...