Our Niche in NFT marketplace

What is our view on NFT?

Arts Liberty Limited | 2021.06.07

Non-Fungible Tokens, or NFTs, are unique digital contract/ receipt created using the Ethereum network. They allow creators to create wholly unique tokens/ identifier on the blockchain for digital assets that represent tangible or intangible items, such as images, songs, watches, physical paintings, sculptures, or blueprint of a house. Creators own the public crypto key that serves as a certificate of authenticity for that particular asset. Creators can then sell these asset as one-of-a-kind works of art, limited editions with their contract terms (such as royalty fee) defined by the Creators. The buyers own the private crypto key being the proof of ownership of the original. The buyers can then resell the NFT for profit, and the original creator can receive a fee, like a royalty every time it's sold.

Our NFT extension takes 1 step further, Creators can optionally use our ARTe Tag; an NFTs linking to physical works of art. They can be resold like any other NFTs or redeemed for delivery of the physical work.

ARTS LIBERTY provides an optional service for Creators to include ARTe Tag on the physical object to authenticate the item. On this tag we encode a unique, secured link and hosted on IPFS (InterPlanetary File System), the decentralized file system. This immutable metadata file describing the artwork is cryptographically signed by ARTS LIBERTY. We also utilise 2FA mechanism to enhance the security.

What is the use of ARTS LIBERTY NFT?

ARTS LIBERTY’s NFTs sold at auction can be resold like any other NFT or redeemed for delivery of the physical work. The IPFS link stored on the artwork itself forever authenticates the physical piece as the original. ARTS LIBERTY is the world first marketplace to offer cryptographic authentication of physical works of art sold as and linked to NFTs. Using our method, art authentication is now a cryptographic process, not a subjective determination by experts.

Our Niche in NFT marketplace
Arts Liberty Limited 7 June, 2021
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