Description Imagine a world where the story, provenance, and rights of every piece of art are stored immutably. Where an art purchase today secures perpetual equity to the artist who created it, and where new ownership models are redefined to open up more flexibility for artists, galleries and collectors.
This is why we created Arcual. The first blockchain ecosystem built by the art community for the art community.
Founded in collaboration between Art Basel and LUMA Foundation, and brought to life with the technology and Web3 expertise of BCG X, Arcual is working constantly to develop digital solutions which answer the needs of the art community, building a better, more equitable, and more fair art market of tomorrow.
Given advancements in web3 and blockchain technology, we’re able to accelerate transformation across the arts and address the unique needs of artists, galleries, institutions, and collectors. The Arcual blockchain is a trusted space for information, partnerships, and transactions that empowers users to fully embrace innovation. Smart contracts offering artist and gallery royalties, custom payment terms, sales agreements, verified provenance, and digital certificates of authenticity are only the beginning.
Discover more about what we are building on arcual.art/blog and learn more about our team on arcual.art/stories