Art

The Picasso painting dubbed “Portrait of Dora Maar” worth $28 million and which went missing two decades ago, was finally recovered on the black market in the Netherlands by a senior art detective. The piece was portraying a “young Yugoslavian paparazzo known as Dora Markovic” and it was stolen in 1999 from its Saudi owner. If blockchain technology existed twenty years back it might have well prevented this scenario from happening.

The world’s leading research and advisory firm Gartner reveals that more than 30% of the global customer base will be comprised of products that use blockchain technology as an operational technology so as to carry out all commercial operations.

Blockchain technology opens new possibilities and an almost unlimited number of new advantages for revolutionary development in all fields of business. Everything from finance, shopping, real estate to gaming, art and virtual reality.

Wednesday October 10, 2018, has been reached - this is the date that The Economist reveals we stand "ready for a new global currency." Should Bitcoin without warning satisfy that role right now?

One of the most luxurious London galleries, Mayfair offers customers the option to buy every single item in its collection using virtual coins. The gallery claims it is the first to provide such a fintech service. The high-end fine art for sale includes sophisticated works of Zhuang Hong Yi, Richard Orlinski, and Hunt Slonem.

Co-curated with Vastari and Christie’s Education and sponsored by Bidpoc, 2018’s inaugural conference, ‘Exploring Blockchain – Is the art world ready for consensus?’ hosted in London on 17th July which brought together thought leaders and industry experts from across sectors, this one day conference will explore the potential impacts of innovative blockchain technologies on the art world and market.

The official announcement of the world’s first cryptocurrency art auction held by blockchain company Maecenas was released yesterday, June 7. The event will take place at fintech-welcoming UK gallery Dadiani Syndicate on June 20, where an Andy Warhol painting will be sold using blockchain technology.

Dubai has been aspiring to reinforce its position as a fintech hub. Last month, the Dubai Culture and Arts Authority established the first digital bank for art in the world. ArtBank also launched its own digital currency to boost transaction speed and simplify the purchasing process.

Welcome back to Coin Idol TV News channel. Our digest on April 2 features the following topics from the world of Blockchain and cryptocurrency: Artist has Hidden Bitcoins His in LEGO Art works; Experts Predict that Bitcoin Price Will Go Up to twenty thousand dolars by the End of 2018; Vitalik Buterin Angry with Facebook for Not Deleting Fake Accounts