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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM28946
Volume:
8 |
3 |
Mar 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
In this research, we are developing a tokenized art gallery that is very useful for artists who are creating the arts and sell in the marketplace or buy from marketplace. The Tokenized Art Gallery represents a visionary leap into the future of art ownership, where the traditional boundaries of physical walls are transcended, and ownership takes on a digital form through tokens. This revolutionary concept sits at the crossroads of art and blockchain technology, redefining the very essence of art curation and ownership. The gallery serves as a unique space where both physical and digital artworks find representation as distinct tokens on a blockchain—a secure and transparent digital ledger. Tokenization introduces a transformative paradigm shift, unlocking a multitude of advantages for the art world. Enhanced liquidity becomes a reality as art tokens can be seamlessly traded on secure marketplaces, eliminating the constraints associated with traditional auction processes and channels. The immutability of blockchain guarantees unwavering authenticity, establishing a foolproof system to trace the origin and ownership history of each artwork. Every transaction is permanently recorded and verifiable, alleviating concerns related to fraud and forgery. Moreover, the democratization of access becomes a pivotal aspect of the Tokenized Art Gallery. Virtual galleries eliminate geographical barriers, enabling individuals from any corner of the world to explore and appreciate art. This virtual engagement is further enriched through immersive experiences that bring the art to life through techniques like augmented reality. In essence, the Tokenized Art Gallery is not merely a gallery; it signifies a revolution that democratizes access, fosters transparency, and opens new possibilities for artists, collectors, and art enthusiasts alike. While challenges persist, the undeniable potential to transform the art world and redefine public engagement with art establishes this space as a hub for embracing innovation, exploring the boundaries of creativity, and reshaping the way we experience and own art.
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Publication Date
12/31/45353
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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No funding information available for this research.
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