DIPChain (DIPChain) Review

DIPChain Fuses Art with Blockchain


Presently, the increasing number of industries are looking for ways to adopt the blockchain technology to a wide range of activities. Regardless of its overly creative nature, art is also an industry that requires innovative approaches in many areas of its operation, such as the development of means for the promotion of young talents, establishment of a tightly-knit global community of artists and connoisseurs of art, and, of course, formation of a safe and flawless business environment. These are precisely the objectives that DIPChain, an “arttech” project from Singapore, has set for itself. There is no better tool than blockchain, the Ethereum one, in particular, that would have helped this team to achieve such a goal. DIPC, the project’s native ERC-20 token, represents a financial fuel that sets the entire DIPChain ecosystem in motion. Those who cherish all elements of art and want to become a part of this emerging community can put their names down for the ongoing pre-ICO, which will be followed by ICO later this year.


The structure of the DIPChain community

  • Artist Incubator. DIPChain places a special emphasis on educating young and talented artists from both China and the United States. It provides hands-on experience in brand creation, project planning, and media campaigns.
  • Art Finance. Involves the securitization of artworks as valuable assets through tokenization. Affords the ground for crowdfunding of promising projects with DIPC.
  • Art Trade. The module that allows for trading art pieces in a secure manner thanks to the use of Ethereum smart contracts. Also includes a special art auction where all members of the community can bid on the authenticated artworks of the highest quality.
  • Art Space. A unique social space for all members of the community where they can lend support to each other by sharing their thoughts and experiences.
  • IP registration. A blockchain-enabled system for traceability of all items of art. Each such item contains a hash fingerprint with the sensitive information that is being distributed through the decentralized ledger.
  • DIPChain database. A cutting-edge database powered by blockchain that allows users to search, view, and share the exhaustive information about all art collections that had been digitized and stored on the platform.     

Team members

  • Eric Wang. The Founder of DIPChain who draws on his ample experience in the area of corporate management to put his project into the limelight of the artistic world. Before establishing DIPChain, he served as a CEO at Finam Global.
  • Yueyin Hu. The co-founder who is a visual artist by vocation. Currently, Hu resides in the artist Mecca which is New York where she participates in exhibitions under the auspices of the Art Artists League, and promotes DIPChain.
  • Yoajun Zeng. The CFO with a Master’s degree from Harvard University. He is a top financial manager who worked at the biggest hedge funds in the US. Zeng was the head of business planning at Hainan Airlines and AnBang Group.

Naturally, the DIPChain team includes plenty of established as well as up-and-coming artists, among which are Daniel Arsham, Bill Barminski, Matthieu Bessudo, Marta Molina Gomez, and Toru Harada.  

Token specifications and ICO details


DIPC is to serve as a primary mean for incentivizing all members of the DIPChain community to create, appreciate, and share the works of art featured on the platform. DIPC can also be used to peg a price on an object of art and form a fair averaged price in certain niches. DIPChain rewards general users with DIPs for evaluating and discussing the items exhibited on the platform.

The pre-sale of DIPC will end on June 18, after which the project will take a month-long break to prepare for a fully-fledged ICO due to take place in the period from July 19 till September 20. The ICO price of DIPC will be 0.0001 ETH with Ether being the only currency accepted by the project. The minimum investment threshold is established at 1 ETH. Citizens of the United States and China are prohibited from participating in this token sale.

Author: Alex Paulson for Crypto-Rating.com

  • Artist Incubator. DIPChain places a special emphasis on educating young and talented artists from both China and the United States. It provides hands-on experience in brand creation, project planning, and media campaigns.
  • Art Finance. Involves the securitization of artworks as valuable assets through tokenization. Affords the ground for crowdfunding of promising projects with DIPC.
  • Art Trade. The module that allows for trading art pieces in a secure manner thanks to the use of Ethereum smart contracts. Also includes a special art auction where all members of the community can bid on the authenticated artworks of the highest quality.
  • Art Space. A unique social space for all members of the community where they can lend support to each other by sharing their thoughts and experiences.
  • IP registration. A blockchain-enabled system for traceability of all items of art. Each such item contains a hash fingerprint with the sensitive information that is being distributed through the decentralized ledger.
  • DIPChain database. A cutting-edge database powered by blockchain that allows users to search, view, and share the exhaustive information about all art collections that had been digitized and stored on the platform.
Pre-Ico Start dateMay 18, 2019
Pre-Ico End dateApril 18, 2019
IndustryArt
PlatformEthereum
Founded2019
Websitehttps://www.dipchain.io/
WhitepaperYes
CountriesSingapore
  • Wang Pengfei. DIPChain Founder
  • Jackie Hu. DIPChain Co-founder
  • Liang Hai. DIPChain Chief architect
  • Johnny Wang. DIPChain COO
  • Feng Xiaoyu. DIPChain CPO
  • Fimo Xu. DIPChain CMO
  • Gao Liang. DIPChain CBO
  • Vicente Quian. DIPChain Overseas COO
  • Sonia Liu. DIPChain Brand Director
  • Wang Shuai. DIPChain Community Operating Director
  • Li Pengxiu. DIPChain Media Director
  • Xie Meng. DIPChain Technical Engineer
  • Derek Zhang. DIPChain Chief Designer
  • March 2017. DIP INC established in NEW YORK.
  • March 2018. Global Art group show YA! BERSEK.
  • January 2019. Launch DIP BLOCKCHAIN art center.
  • September 2019. Complete DIP Token preorder.
  • December 2019. DIP trading platform test 2.0 goes live.
  • December 2020. Test chain 1.0.
  • January 2021. Art finance 1.0 test.
  • March 2021. Launch art finance.
  • June 2021. Launch main network.
DIPChain
StartJuly 19, 2019
EndSeptember 20, 2019
Expired
TokenDIPC
Soft cap$6 000
Hard cap$34 000
Minimum investment1 ETH
Tokens for sale350000000
AcceptingETH

In my opinion, establishing traceability of objects of art is by far the only suitable application for the blockchain technology. All other features offered by DIPChain serve only as additional structures to the core idea. Speaking of the art trading mode, I don't think that it will go beyond the mere sale of top-resolution professional photos since most of the industry participants are still either hesitant when it comes to the practical use of such an innovative technology, or they are simply unaware of blockchain and its benefits whatsoever.

roKfor   August 28, 2019  

My son shows great potential in fine arts - portrait drawing to be precise - which means that I have a vested interest in DIPChain. It is my belief that the conventional methods of art distribution, and artists’ representation, are very corrupt and archaic. Being a firm believer in innovative technologies, blockchain, in particular, I want my son to start his artistic career at this platform, so that he might have a chance to acquire global recognition from peers and buyers in a much quicker manner. For that reason, I have purchased a bulk of DIPC and enrolled him in Artist Incubator.

Emilio   July 9, 2019  

By any means, the talented artists fully deserve the support of the global community, which is exactly what DIPChain is trying to do. The thing that concerns me is that they are likely to struggle with creating a fully-fledged marketplace for the artworks due to the fact that this area has been monopolized almost entirely by a small group of art dealers. However, it's startups like DIPChain which should pave the way for the promising artists against all odds. To summarize, if you are an aspiring artist or an art collector, then you should definitely have some DIPC in the wallet.

Reuben   June 23, 2019  

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