October 7, 2019 by Antoine
Verisart, the startup that authenticates works of art through technology, Blockchain, has managed to raise 2.5 million dollars to develop its platform business.
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Follow the provenance of works of art with the Blockchain
Galaxy Digital EOS Fund led the round of financing Verisart with the participation of two investment companies, namely Sinai Ventures and Rhodium.
The funds collected, which amounted to $ 2.5 million, will be used in the launch of several services dedicated to artists, galleries and collectors. These funds will also expand the team of products and engineering Verisart according to Robert Norton, the CEO of the company :
“With this new round of funding, we are able to expand our activities and to accelerate the integration of our partnerships. The art world quickly realizes that the Blockchain offers a new standard in terms of provenance and record-keeping, and we are eager to extend these services to the industry.”
A pioneer in the art industry
Verisart would be the first business object collection to use the Blockchain of Bitcoin is to certify, verify and track the provenance of its works of art .
A report released in August pointed to the sales split of two paintings of the famous british painter David Hockney. The sellers have put their trust in the Blockchain through the project south-Korean based art ArtBloc to conclude the sale to Seoul on September 19.
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