AllianceBlock and ARTBANX Partner to Bring Art-Backed Financing to Web3.

The partnership between AllianceBlock and ARTBANX is a game-changer for the art market. By utilizing ARTBANX’s collection management and market data infrastructure, as well as AllianceBlock’s tokenization capabilities, art collectors can now access liquidity for their physical artworks through real-world asset-backed financing. This opens up new opportunities for the art community to provide liquidity and expands the reach of the ARTBANX to a broader Web3 audience.

Furthermore, the MetaNFT standard powered by AllianceBlock’s Nexera Protocol allows for ARTBANX’s technology stack to seamlessly integrate into Web3, taking advantage of the benefits of blockchain technology and digital assets. This dramatically reduces the time to market for delivering this new platform and greatly minimizes the cost of development and resources for this solution.

“This partnership is a prime example of how DeFi can be used to provide alternative financing options.”, said Mads Boie Thomsen, CEO & Co-Founder of ARTBANX. “We are thrilled to be a part of this revolutionary partnership that is set to change the art market forever”.

This partnership is a prime example of how both industries can benefit each other. Participants can access a more stable and less volatile market, while still preserving the values of DeFi. It is a big step forward for the industry, and we are excited to see how this partnership will shape the future of art and finance.

In the latest Art Market 2022 Report by Art Basel and UBS, the global art market grew by 29% year over year, growing by up to US$ 65.1 billion in aggregate sales of art, including a substantial growth of interest in digital art facilitated through digital assets topping at US$ 11.1 billion. However, despite this growth, the art market remains highly illiquid and inaccessible to many investors. This is where ARTBANX’s art-backed financing comes in, allowing art collectors to access liquidity while still maintaining ownership of their physical assets. This solution, allows art collectors to access liquidity without having to sell their valuable pieces, providing them with an alternative to traditional financial instruments. Tap into this growing market by providing a more accessible and liquid way for art collectors to participate in the art market.

About AllianceBlock AllianceBlock is building seamless gateways between decentralized and traditional finance by remedying issues in both spheres and linking them more closely. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.

By bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects, and ecosystem-scaling tools such as funding and interoperability, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to access the DeFi space seamlessly.