DIGITAL ART CAN BE DIFFERENT, AND PASTEL NETWORK SAYS YES TO THAT
It is time to take art auctions online. There is a lot of money left on the table if all we do is to concentrate on the physical or traditional forms of selling artworks.
Besides, many reasons suggest why you should start taking online or digital artwork trading seriously.
This article will open your eyes to some of the inefficiencies in the current artwork market, as well as some of the ways that the Pastel Network can make all the difference we need.
TRADITIONAL ARTWORK TRADES VS. DIGITAL ARTWORK TRADING
As I mentioned before, the digital artwork market is booming, and it needs more investors to start taking an interest.
Traditional artwork trades are fragmented with some problems that you wouldn’t want to be entangled in when you want to trade on artworks.
I will hint at some of the existing challenges in the physical/real-world artwork industry so you can understand how important it is to migrate to the digital ecosystem.
A WHOLE LOT OF INTERMEDIARIES
The first challenge is the presence of multiple intermediaries in the physical artwork supply chain.
These intermediaries do not only attempt to evaluate the real value of an artwork. They also tend to be biased in their judgment of artwork because they are hired by the owners of the artwork/artists.
The value of artworks tends to diminish over time instead of increase. It is saddening that classic and older collections of artworks are sold nearly close to the price they were bought.
This is because of the negligence of the third-party artwork dealer to evaluate the current value of the artwork. Instead, they are more interested in making profits at the expenses of the owner of the artwork.
THE SOLUTIONS AS SUGGESTED BY THE PASTEL NETWORK
The Pastel Network team buys into the idea of digitalized artwork trading. And for that reason, they have come up with a wide range of solutions to address most of the challenges in the traditional artwork trading industry.
Here are some of the novel solutions the Pastel Network is introducing into the digital rare artwork market:
The first feature you will like about the Pastel Network is that it is open-source. This approach is very important for the continued existence of a unique project like this.
By being open-source, the Pastel Network allows every member of the network to be a part of the governance.
The most important aspect of this is that any holder of the Pastel Network token (PSL) can host the network or run the Masternode.
By that design, it means that even if the Pastel Network team isn’t there to carry on with the project, the community members can always carry on with the operations of the broader Pastel Network ecosystem.
DIRECT TRANSFER OF VALUE
The Pastel Network also empowers the digital artwork collector to interact directly with the artists.
Through this established medium of communication, the artwork collector is allowed to directly transfer the value or the payment for artwork to the artist.
That way, minimal fees will be required and both parties will get to save more money they could have spent if they were trading artworks physically.
You can now see that the trading of artworks can be facilitated online, and via a decentralized system as the blockchain provides the Pastel Network.
Do you have digital artworks to sell? Pastel Network is the platform where you can do that with ease!
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