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Startups are the backbone of innovation and creativity in the modern world. Among them is Exchange Art, a leading fine art marketplace on Solana that is powering the creator economy in the digital world. In this Startup Showcase, we will dive into the workings of the platform, its impact on the digital art industry, and why it’s a must-join platform for creators worldwide.
The Birth of Exchange Art: A Solution to the Copy and Paste Problem
Exchange Art was born out of a need to solve the “copy and paste” problem that digital art had been facing for years. Digital art had been unable to accrue real value and was often treated as an afterthought in the art industry. However, the blockchain technology enabled digital asset ownership through a publicly distributed immutable ledger that could track provenance.
Impact on the Digital Art Industry
Since its inception, Exchange Art has been the go-to platform for digital artists worldwide. The digital art market has exploded over the past two years, with sales volume reaching over $4.45 billion. Exchange Art has been at the forefront of this growth, with users from over 150 countries who have been able to earn over $8.5M through the platform. Exchange Art’s value proposition is unique, and it has attracted numerous artists to its platform, including some of the most renowned digital artists globally.
Exchange Art’s Unique Features
The Exchange platform has several features that set it apart from other digital art marketplaces. They include:
- High throughputs – Solana powers Exchange Art, enabling it to handle high trading volumes, making it an ideal marketplace for digital art.
- Progressive royalties – Artist royalties are automatically collected and distributed every time a piece of art is sold. This enables artists to earn more from their work in the long run.
- Secure and transparent – Exchange Art operates on blockchain technology, making it easy to track the provenance of every piece of art uploaded to the platform. The public nature of blockchain technology ensures that there is transparency and accountability for every transaction.
Exchange Art has disrupted the digital art industry through its innovative use of blockchain technology. The platform has enabled digital artists to earn more from their work, earn a reputation for global recognition, and empowered worldwide artists in a way that few other systems can match. By giving creators the tools they need to manage, facilitate commerce, and grow their audiences, Exchange Art is changing lives in the digital world.
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