Many global economic factors affect the demand for art. In the United States, which possesses the largest art market by value, the rising equity markets, as well as increasing home prices and low unemployment contribute to the purchasing power of those who possess discretionary money to purchase art. In 2017, the International Monetary Fund increased its forecasted GDP growth in the U.S. to 2.3% in 2017 and 2.5% in 2018. Due to the resilience of the art market and its continued growth, there is a positive outlook for its future. The ALL PUBLIC ART project. Let's all support them and take art to it's best level.
INTRODUCTION
Since 2015, All Public Art’s team has been working towards building a robust platform that is equipped to grow with the thriving online art market. In December last year Bloomberg reported on the rapid growth of the art market, stating: “The online art market is growing at an annual rate of 24 percent and expected to reach $9.58 billion by 2020, according to a report by insurer Hiscox Ltd.
At Sotheby’s, Internet buyers spent $155 million in 2016, up 20 percent from a year earlier, and about half of all online bidders were new to the auction house. Christie’s doubled the number of its onlineonly sales this year. The young, global, tech-savvy audience of startup Artsy participated in 41 auctions of its partners such as Phillips and Sotheby’s -- and the company expects to quadruple such collaborations in 2017.” [3] There is no doubt with regards to the potential of the art market. All Public Art strives to serve the global art community by providing a platform that will successfully contribute to the art market’s growth.
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.
WHAT IS ALL PUBLIC ART?
ALL PUBLIC ART disrupts the art market with a robust, peer-to-peer trading platform utilizing blockchain technology to eliminate counterfeiting and intermediary price manipulation
All Public Art is a combination of three areas with great potential in the arts, the art of blocks and people who create, sell or buy art.
Reasons why you support this great project
- Changing the global art market, All Public Art creates new ways to track their traded artwork, minimize fake art and build trust in the art market. Blockchain's technological infrastructure is the perfect solution for art trading because it is safe and reliable because every transaction in the block is peer-to-peer that can be reviewed.
- Connecting through Smartphones, All Public Art invests its aggregate capital to provide an efficient and convenient platform that can be accessed globally and soon to work on Mobile devices. Offering a platform for the art market through smartphones allows All Art General to extend the coverage of collector and artist connections as they interact in the global network APA
- Art trading globally, when connecting the art sector and open space cracking infrastructure to business process optimization, it also provides more transparent and efficient functioning in the global art market. The introduction of blockchain technology in the art market is linked to cost reductions because there is no longer a need to pay for commission brokers.
- Smart Contract Strengths, smart contracts are blockchain based programs that are inherently superior to traditional contract law because of transparency that will bring additional trust and security to the art trade process. Smart Contracts will reduce the cost of expensive transactions and commissions to intermediaries typically associated with art sales
- Eliminating Intermediate Price Manipulation, before the launch of All Public Art all agreements between artists and collectors must be made through intermediaries. The value of art on the market can be severely affected by price manipulation, collusion and illegal bribes. The artists and buyers will not know differently if intermediaries have to change the price, but with the transparency of the platform All Public Art buyers can directly engage with artists about the price of artwork.
The goal of All Public Art
The goal is to use blockchain technology to connect people who buy and sell art. The General Art group developed ideas that included “Block Out” the art market, increased the volume of trade in art and increased the economic and social benefits of the artistic world. Proposed funds for the development and implementation of various innovations planned for the art market. This is an opportunity that all participants can provide. The collector / consumer will not depend on the intermediary who requires the commission from the sale.
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.
BLOCKCHAIN TECHNOLOGY
Blockchain technology offers great potential and is suited to the art market as it enables direct (peer-to-peer) services for the artists, sellers, collectors and consumers, while offering transparency of the sales.
The Public Art App
All Public Art’s mobile app and website has been a success since its launch in 2015. Thanks to our ever-growing community of active users, great art has never been easier to find and share anywhere in the world. Great reviews from artists and art fans have continued to come in as we have continued to develop the app over the years. Follow people whose artistic taste you like, browse artworks, catch up on art news and find art events you can attend. Artists and art enthusiasts from all around the globe can be a part of our community by registering on the app or the website, AllPublicArt.com.
ABOUT ICO AND TOKEN SALE
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%
When you participate in a token sale you will receive an AllPublicArt Token. The only crypto we receive In token sales is Ethereal. A maximum of 800 million AllPublicArt Tokens will be created In the token sale,
we will sell no more than a total of 400,000,000 AllPublicArt Tokens, worth a total of $ 30,000,000 (sales cap tokens).
If a total of 400,000,000 AllPublicArt tokens are not issued before the tokens sale end date, the system will only issue the amount sold during tokensale and it will burn the rest.
After the token sale, 400 million of the unpublished tokens APA for token sales will be printed. Of the 400 million tokens APA printed after token sales: 38% (152,000,000 AllPublicArt Tokens) will be allocated to All Art General team members and advisors, 2% (8,000,000 AllPublicArt tokens) will be allocated for sales and opportunity incentives, and 60% (240,000,000 AllPublicArt tokens) will be provided for platform incentives and partnerships with institutions and organizations in the art community during Phase 2 (they will be locked for a period of 12 months after the end of the sales token).
Details on how to buy tokens will be provided at http://allpublicart.io Communities will be full of transparency regarding the amount and type of funds All Public Art collects at http://allpublicart.io.
NOTE: Please dont miss out on this. I am sure you, you would regret it.
For more informatio and to keep your self updated follow the various links below
Website: https://allpublicart.io/
Whitepaper: https://allpublicart.io/whitepaper.pdf
Telegram: https://t.me/joinchat/G_xrCRB5DyRk58-dmGne6g
ANN Thread: https://bitcointalk.org/index.php?topic=2618329
Twiter: https://twitter.com/allpublicart
Facebook: https://www.facebook.com/allpublicart
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=44476