THE CRYPTO PE­RIOD

BLOCKCHAIN PI­O­NEERS ARE USH­ER­ING IN A NEW ERA FOR THE ART MAR­KET.

Fast Company - - Next Code.art - BY YASMIN GAGNE

Lead­ers in hu­man­i­tar­ian aid, fi­nance, tech­nol­ogy, and more have em­braced the dis­trib­uted ledger known as blockchain to bring trans­parency to their op­er­a­tions. The art world is ex­per­i­ment­ing with it as well, see­ing the tech­nol­ogy as a way to rev­o­lu­tion­ize how art is bought and sold, thwart fraud and tax eva­sion, and re­duce fric­tion dur­ing the auc­tion process. Here are the many ways that buy­ers, sell­ers, and en­ter­pris­ing artists are em­brac­ing this new medium.

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