4ARTTECHNOLOGIES AMA Recap
CryptoDiffer team
Hello, everyone!😁
We are glad to meet here
Strategic Advisor at 4ARTTECHNOLOGIES (@paveljakovlev )
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Hello everyone!
Pleasure being here! Really excited to see of the familiar faces in this community, but also, eager to meet the rest of you too!
CryptoDiffer team
Q1: Can you introduce yourself to our community ?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Sure thing! I’ve been in the crypto/blockchain space for around three years now. Worked for a venture capital firm, built out an early-stage blockchain incubator and now work with flagship companies, helping them get to the next level. It’s been quite a ride, I must say. 3 years in crypto is 30 in real life
CryptoDiffer team
Second one from us is:
Q2: Can you briefly tell us what is 4ARTTECHNOLOGIES in 3-5 sentences?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
4ARTECHNOLOGIES is revolutionizing the way the art is being handled. The company is solving the proof of provenance problem by adding value to different stakeholders in the art industry: artists, investors, galleries, transport companies, insurers etc. We are also looking into art tokenization capabilities and rolling out AR/VR functions. So, stay tuned!
CryptoDiffer team
Q3: Let`s now talk about the milestones 4ARTTECHNOLOGIES have achieved and about the upcoming plans?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Gladly! We have achieved a tonne from our inception, but some of the highlights include our collaboration with MunichRe – one of the largest reinsurers out there. Together we are building an insurance product which will streamline art condition reports
CryptoDiffer team
Awesome, a lot of updates to come out!
Thank you for great answers!
I think it is time to start community questions round!
Cryptodiffer Community
During the process of Art works transiting through 4TARTapp, how will you ensure they’re not copied or duplicated? How can the integrity of works be preserved?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
4ARTECHNOLOGIES have developed a revolutionary app, which scans an artwork’s surface. Once the first scan is done, the artwork receives a 4ARTpass – the artwork’s data is now recorded on the blockchain and is therefore immutable.
Once the artwork has been moved to another location, the second (and subsequent) scan is being done to detect if the initial one matches the new one.
If there are irregularities, such as damage, which can happen during transport, the app flags it. If there are more irregularities, you might as well be dealing with a copy and not an original.
Cryptodiffer Community
Why are you built on Ethereum blockchain instead of other fast and Scalable chains, do you have plans for mainnet to Migrate your own Chain
what measures are in place to ensure that only legitimate Art works and not stolen art works comes into your platform,
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
We chose ETH 3 years ago, since it offered the necessary tools for us to build on. Plus, at the time everyone knew about it, the ERC20 standard is widely accepted, plus their smart-contract functionality was what we were looking for. In addition, it’s a public chain with an immutable record – exactly what would help us achieve our goals.
These days the gas prices are indeed high, so we are currently evaluating other options for a potential chain switch. Watch this space.
Cryptodiffer Community
I’m a little confuse, you are focusing on the art business. I would like to asks who are your target markets, can a normal people like me who doesn’t have background or not into arts able to be part of 4ARTECHNOLOGIES, if so how?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
We are indeed going after the art market. We are targeting both: professionals within the art industry, but also retail folks. Here’s how Artists, investors, collectors, transport companies, insurers – all will use the 4ARTapp to transact, evaluate, transfer ownership and title and create hierarchies.
For our retail users, we are developing a bunch of functionalities. Already today you can view artworks that are set for public viewing, create your own galleries, share them with your friends, buy artworks, and support your favorite artists. We are also planning to roll our fractional ownership of expensive art pieces. Imagine owning a piece of super expensive art that will only continue to appreciate with time.
All of that done through our app. Oh and, we are also playing around with VR and AR, but more on that later this year. Make sure to stay in touch with us and join our community!
Cryptodiffer Community
4ART TECHNOLOGIES
“Have Great team that have decades of Experience”
Im sure your Whole team will ACHIEVE YOUR GOAL WHICH IS “revolutionize ART INDUSTRY”
but can you still share to us😁
What are the plans of your Whole team to ACHIEVE this goal?like upcoming products or technologies
Whats your plan in LONG TERM?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
We are revolutionizing the art world because the team has observed the inefficiencies in the way the art is being handled. Once onboard, different stakeholders will reap the benefits of our technology and what the blockchain tech has to offer: increased efficiency, transparency, and cost reduction
As for the upcoming products: art tokenization / fractional ownership, we are also rolling out virtual galleries and will have augmented reality experiences.
The long term plan: create an industry standard for the art market. We want as many stakeholders using our app as possible to create immutable digital fingerprints for their artworks, transact within the app and create condition reports during the appraisals
Cryptodiffer Community
Q1/ Which objects that 4ART aims to (famous or new artists) and do you have any supports or promotion for new ones joining your platform?
Q2/ Any projects have a story about motivation for starting and difficulties that they overcame, so could you tell me the story and idea that you create 4ART?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
I cannot skip questions from POTUS himself. We always make announcements once we onboard new artists, so they benefit from the exposure and we benefit from them using our technology.
the 4ARTECHNOLOGIES motivational story is fairly simple. It’s the frustration within the art industry. Last year alone there were 49,000,000 art ownership and 266,000,000 possession changes! And with a market, the size of 67 billion, virtually all of it is done offline.
Imagine the potential of this market once it becomes digitized!
Cryptodiffer Community
Lots of investors hit and run in the sales session and sell after listing on the first exchange,
How is the 4ART to prevent early investors from selling their token and what benefit will 4ART give to them?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
We are all about the long term. For us, the coins are utility. A means to an end. The 4ARTcoin has an important role to play in enabling all stakeholders within our ecosystem to use our services.
As I mentioned previously, our stakeholders, such as artists, art owners, insurers, gallerists, museums, art appraisers, transport companies – all would need to purchase 4ARTokens inside the app to create the 4ARTpass, condition reports, transfer of ownership, hierarchy setup and handling
They can purchase the 4ARToken with either fiat money or with 4ARTcoins, which are currently being traded on the Bittrex Global exchange. If they will purchase the tokens with 4ARTcoins they will benefit from a 20% discount. How will they get access to the coins?
By buying them from the community! So effectively our community holds the key to the art world’s digital revolution. And believe me, 20% matters when you are doing things at scale.
Oh and, we are doing this campaign with EXMO exchange, so please give us a shout: https://vote.exmo.money/#list
Cryptodiffer Community
How will 4art insurance protect artist arts?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Thank you Ningsih. Great question! Their art is protected through the 4ARTpass – a first-time record of the actual art piece once it’s being scanned with our 4ARTapp.
The artists can also opt-in to insure their artwork. This is becoming even more relevant if they or art collectors are exhibiting their art in galleries and vernissages. If the artwork is being damaged during transport or while in possession of third parties, they have a claim.
Cryptodiffer Community
We were talking some days ago about 4ART and how collaborate with the democratization and increase of the competitiveness of the market, but what incentives is available for the ppl from the traditional art markets to migrate to 4ART?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Lovely to see you here too! We do not provide direct incentives for the art community, but we offer streamlined services and they benefit from efficiencies we create with our 4ARTapp. All the services which they paid top dollar for are now being streamlined, at a fraction of a cost.
Cryptodiffer Community
DeFi is one of the hottest topic in the blockchain space right now. Can 4ARTTECHNOLOGIES share your opinions on DeFi with us? Do you think that DeFi will disrupt the existing financial system? What is Unification approach towards the DeFi sector?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
I am sure all of you are excited about the recent trend, but most importantly about some of the DeFi projects’ successes.
We have been looking at the DeFi trend for a couple of months now and I wish I could disclose more, but! Big things are coming in this space too. Stay tuned!
Cryptodiffer Community
Is it possible for traditional artists to migrate to 4art and the use of cryptocurrencies? How will you make this easier for them?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Hi Alejandro, great seeing you here too. Our onboarding is super simple. All you need to do is download our app and follow the simple instructions. We also created a few onboarding videos. Check them out here: https://www.youtube.com/c/4ARTechnologies/videos
Cryptodiffer Community
Why choosing art as your project model?
How good art potential at blockchain in the future?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Thank you for the question. In our case, blockchain is a means to an end. We see a lot of potential in the distributed ledger technology. Especially when it comes to transparency and proof of provenance. Why art? Because the core team has a strong background in art handling.
Cryptodiffer Community
Staking and DeFi are very popular in cryptospace…
are there any idea to implement DeFi and staking program in #4ART Ecosystem???
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Staking is cool indeed. We are looking into different options on what can be done with our coin. Wish I could disclose more
Cryptodiffer Community
What do you think of overall regulation development globally, and what’s the cryptocurrency market in next 2 years to come ? How does 4ART work with the regulators ?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
In favor of the regulation from the perspective of keeping the retail investors protected. When it comes to innovation, we believe in working with regulators so they won’t stifle it.
Where will the market go in two years? Jeez, that’s a tough one. Nobody knows, but we hope it will go down a bit, so we can buy more and then, the moon, right?
Cryptodiffer Community
This may seem like a cliche, but every project needs a strong community, so what role will the art hobbyist community play on the 4ART platform itself?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
This is one of my favorite questions, Isam. Thank you! Community is key in everything we do. We are building a community of our fans, who want to see us succeed. In return, we want to share our success with them.
But, if you are into the arts, feel free to upload your own art or create galleries of your favorite artists, share them with your friends and the world.
Cryptodiffer Community
What is the utility of $ART coin and what can we do on the platform with $ART ?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
All of our stakeholders: artists, gallerists, investors, insurers, museums, and so on will use 4ARTapp to handle their art transactions. Each scan, each condition report will require them to purchase in-app currency 4ARToken which can be bought with either FIAT or with 4ARTcoins, our exchange-traded currency.
4ARTcoins give a 20% discount when exchanged for 4ARTokens. So effectively, regular users can become holders of a discount enabling coin for art transactions.
And the art world will come knocking, especially when they will be doing things at scale, with thousands of transactions per day; 20% makes a huge difference! When that happens, the supply and demand will dictate the price point for 4ARTcoin.
Cryptodiffer Community
I think that the Probit Exchange has a lot of listing. And a lot of listed coins sparkle and then quiet. Can this coin be different?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
We sure hope so and we are working hard on our community engagement activities. Who knew building strong communities would be more difficult than revolutionizing the art industry, hah?
Our solution is ready, we are great at what we do in the art market, but we need our fans to stand by us!
Cryptodiffer Community
Where can i buy?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Buy on the Bittrex Global exchange: https://global.bittrex.com/Market/Index?MarketName=BTC-4ART
Cryptodiffer Community
Which exchanges have the 4Art token listed? How can we redeem it? What are the use cases?
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
last one. We are on Bittrex Global, hopefully soon on EXMO and a couple of others. We want you to trade, hold it, and, hopefully we will #SoonMoon!
Strategic Advisor at 4ART TECHNOLOGIES, Pavel Jakovlev
Alrighty, folks! This was a lot of fun!
Thank you so much for the amazing questions. Please join our community, ping me if you have any questions and stay awesome!
Cryptodiffer TEAM
Thank you @paveljakovlev for your time!
Thank you everyone who took part!
