How Blockchain and Crypto Advancements are Creating Lucrative Opportunities for Digital Storage and Global Art Industry

PALM BEACH, Florida, May 31, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary

 

According to Barron's the global art market topped $63 billion in 2017 and leaders in the digital landscape are aiming to leverage blockchain and crypto technologies to tap into the extremely lucrative market. As with many ideas and items in 2018, art is increasingly going digital and thus is becoming exposed to the possibilities of digital collections powered by crypto-platforms, much like bitcoin and other digital currencies. In fact, a rising trend in the global art market is an uptick in digital art auctions, which could be enhanced by secure crypto and blockchain technologies. Active Companies in the markets this week include: Tapinator, Inc. (OTC:TAPM), Global Blockchain Technologies Corp. (OTC:BLKCF) (TSX-V:BLOC), Sotheby's (NYSE:BID), HIVE Blockchain Technologies Ltd. (TSX-V:HIVE) (OTC:HVBTF), Seven Stars Cloud Group Inc. (NASDAQ:SSC).

Tapinator, Inc. (OTCQB: TAPM) BREAKING NEWS: Tapinator, a leading developer and publisher of mobile games and applications on the iOS, Google Play, Amazon, and Ethereum platforms, today announces that it has released the Early Access version of BitPainting, a crypto-collectibles platform for the global art market.  

Collectors interested in owning a piece of art history may sign up to participate in today's historic auction via EarlyAccess.BitPainting.com using a Chrome or Firefox web browser. Today's auction on the Ethereum Network will include 12 iconic artworks from renowned painters including Leonardo da Vinci's Salvatore Mundi.

In 2011, the dramatic public unveiling of Salvator Mundi ('Saviour of the World'), in the exhibition Leonardo da Vinci: Painter at the Court of Milan at The National Gallery in London, caused a worldwide media sensation. Painted by one of history's greatest and most renowned artists, whose works are exceedingly rare - fewer than 20 paintings in existence are generally accepted as from the artist's own hand - it was the first discovery of a painting by Leonardo da Vinci since 1909. "It was, without question the greatest artistic rediscovery of the 21st century - a painting of the most iconic figure in the world by the most important artist of all time," according to auction house Christie's where it sold in November 2017 for an astonishing $450.3 million. Six short months later, Salvatore Mundi could again shatter records as it returns to the auction block today as the lead lot in BitPainting's inaugural auction of virtual iconic art on the blockchain.