The dynamic and ever-evolving world of art and technology is rapidly advancing, and at the forefront of this exciting new frontier is Artrade’s cutting-edge marketplace.
One of our platform’s most recognizable feature is the ability for artists to price their artwork in USD and have that price converted into Solana in real-time when a collector triggers a transaction. This innovative feature empowers artists to maintain control over their artwork’s absolute pricing while leveraging the benefits of blockchain technology for both the artist and the collector.
At the heart of this groundbreaking feature lies the integration of a live-conversion oracle powered by Chainlink into the custom smart contracts developed by our team. This integration has allowed us to create a seamless and accessible platform that empowers artists and collectors alike.
As the world of art merges with the cutting-edge technology of blockchain, we’ve seen an explosion in the popularity of NFTs, offering artists new and exciting opportunities to sell unique pieces of artwork on the blockchain. However, we at Artrade recognize that there is a pressing need to address the fact that artists selling NFTs on the blockchain MUST be able to price their artworks in fiat currency rather than any crypto-currency.
The main reason for this is simple: if it ain’t broke, don’t fix it! Many artists and collectors are comfortable with traditional fiat currency and understand how it works. By allowing them to define and read prices in fiat currency, we’re making the process of buying and selling NFTs on the blockchain less subject to crypto-currencies’ volatility, but also more accessible and less intimidating.
It’s important to ensure that blockchain technology can go mainstream. If we rely solely on market dynamics within the world of cryptocurrencies, we risk alienating artists and collectors who are unfamiliar with this new form of value exchange. By giving artists a sense of agency and control over their work and providing collectors with a level of familiarity, we’re building trust in the blockchain and encouraging more artists to participate in this exciting new world.
As the world of art and technology continues to evolve, we’re committed to providing artists and collectors with the tools they need to thrive. At Artrade, we’re confident that the next revolution of the art market will be powered by the new paradigm brought by the blockchain, and we’re committed to working with the most innovative houses such as Chainlink to achieve this goal.
Artrade
A new way to trade art
