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.
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.
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.
|Start||July 19, 2019|
|End||September 20, 2019|
|Soft cap||$6 000|
|Hard cap||$34 000|
|Minimum investment||1 ETH|
|Tokens for sale||350000000|
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.
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.
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.
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