What is the main goal of your platform? For what purpose you created it?
Tokenization of art in blockchain
Topic: [ANN] [ART] Maecenas: First ever fine artwork to be auctioned on the blockchain! - page 15. (Read 12279 times)
August 10, 2018, 06:22:40 AM
Tokenization of art in blockchain
August 10, 2018, 06:20:29 AM
Hey guys! Will btc/eth be converted to ART?
It will be converted using an index calculated based on external market data, calculated at least once daily.
Are deposits and withdrawals enabled for the auction?
Yes both are enabled but withdrawals are manual, not automatically. They use only cold storage multisig wallets for maximum security.
August 10, 2018, 05:47:43 AM
It is a bit unexpected to find such a project. Trade, crypto, art and blockchain in one shaker. Hope that your platform will be successful, I see all the background to this
August 10, 2018, 03:33:03 AM
Well, finally art is becoming a financial product and blockchain is making it more convenient. I have no idea, is it good or bad, but it is obviously profitable 
let me disagree a bit, cause it is obviously GOOD. when this market is not just for a select few high-net-worth investors August 09, 2018, 10:16:45 AM
Well, finally art is becoming a financial product and blockchain is making it more convenient. I have no idea, is it good or bad, but it is obviously profitable
August 09, 2018, 04:14:35 AM
This platform can provide the foundation for a secure and efficient market with blockchain so you can invest or trade safely and quickly
August 08, 2018, 03:42:59 AM
The information contained in your white paper useful for every potential investor. I would like to clarify which languages do you plan to translate it and how soon?
August 07, 2018, 10:05:17 AM
I enjoy the fact that Maecenas can provide possibilities to trade and invest in art works for buyers and sellers directly without intermediaries
August 07, 2018, 03:17:46 AM
Can I use Maecenas platform to get full info about art pieces on sale?
August 06, 2018, 06:14:29 PM
Is there a mechanism for a painting sold for ART to be resold to a single owner. Eg. someone buys shares in the Warhol but loses the private key, how can a future investor fully own the piece?
Yes this is covered in the terms of the SPV when it's created. They know the identity of everyone who co-owns the Warhol so you can never lose your investment due to technical problems because there is an offline old fashioned paper record of it in custody of an official agent.
Is it therefore not possible to anonymously own a piece of art if bought on Maecenas? There is always someone who has the information right?
They can. But they won't necessarily get a better deal if they want to, because by buying shares they would push the price up
Isn't that anyway the case that the price goes up if a lot of people want to buy? You could have zero knowledge proofs like someone who wants to buy and places an order is not known but the order and the piece of art or the share in that art is known.
August 06, 2018, 02:06:35 PM
Fine arts, huh? I'm excited for this project and I'm definitely going to support it, y'know? With no art there would be point in anything, y'know what I'm saying? We have to show that there's interest in blockchain from the art community, it's gonna be beneficial for the both, alright?
August 06, 2018, 09:59:52 AM
The overall project idea seems fantastic, one of its kind. I believe its going to succeed. I am definitely going to support of this project
August 06, 2018, 08:19:44 AM
What is the main goal of your platform? For what purpose you created it?
August 06, 2018, 07:57:27 AM
I was truly surprised that art and cryptocurrency have anything in common and blockchain can improve art provenance
August 06, 2018, 07:16:16 AM
Fine art remains one of the rare few markets that have remained virtually unchanged for the last three centuries, so team of Maecenas created a whole new system that allows to trade even more profitable members using blockchain and cryptocurrency
August 03, 2018, 09:04:44 PM
Do token holders pay for insurance? What happens if the piece is damaged or stolen?
It’ll be stored in freeport (Refer: http://lexicon.ft.com/Term?term=freeport).
Artworks won’t leave the freeport straight away but it is on its way to achieve freedom. Freeports have a very tight security so public viewing won't be possible, only for investors and guests of investors. However, the artworks could be leased out to museums for public viewing, for a fee, which will then be paid as dividend to investors.
August 03, 2018, 12:51:43 PM
Maybe you can explain how exactly is the auction going?
Check this out
https://www.investopedia.com/terms/d/dutchauction.asp
First bids with same price are giving priority. Last bidders have fewer chances of winning.
Everyone pays the same price in the end. No penalty for early bidders, late bidders don't have any advantage, it's actually the opposite.
August 03, 2018, 10:37:23 AM
Maybe you can explain how exactly is the auction going?
August 03, 2018, 10:26:54 AM
I believe that Maecenas is able to bring art trade and investment into a new era. This project is a future!
August 03, 2018, 08:37:14 AM
I don’t know… Seems promising, but why any passerby will put his money into such closed industry?
that is the point of whole platform. Anyone can use it, anyone can raise some cash on iti mean what i said, everyone can exchange shares in paintings and sculptures instantly here
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