According to the Art Newspaper publication on April 22, Artory, an art registry startup with a block chain, collected more than $ 7 million in a round of financing from several large investors.
One of the most notable investors is the 2020 Ventures private investment firm, which has an impressive portfolio. They have supported the Spotify audio service right from the start, as well as Postmates, a US logistics company, and a luxury resale platform known as The RealReal.
The Artory platform is a blockchain-based registry that allows users to track the origin of art and collectibles and gives the opportunity to sell works of art on the platform. Artory startup attracted the attention of various investors and they reportedly received $ 7.3 million from these several investors.
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The tools are planned to be used to further improve the registry data and bring the platform's functionality to a higher level, as explained by the founder of the project, Nanne Dekking.
In a round of financing from large investors, the blockchain-art registry raised $ 7 million. "2020 Ventures" spokesman, David Williams, told Art Newspaper that the company is looking for and has a positive view on platforms that "open up large markets to broader circle of participants and transactions".
Editor: Yuliya Soroka