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.