Iconic Art Company Opting for the Metaverse to Showcase its Artwork

Artprice announces preparations to open its NFT art marketplace in the metaverse.

Based on Q1 2022 data, Artprice by Artmarket.com can confirm that the NFT art phenomenon has become a sustainable niche in the global art market on all continents, with sales and transactions accelerating in the second quarter of this year primarily due to the adoption of a more favorable regulatory framework in the United States.

«Over the past five years, Artprice by Artmarket has literally challenged the impact of NFTs on the art market through adding blockchain to its core database business and digitizing its historical work in standardizing the art market. Artprice is the only author of these projects with IP protection of its source codes since 1999.»

– Thierry Ehrmann, CEO and Founder

All the creators of the art market, in particular most of the world’s art auctions, are now turning to the NFT marketplace, even have dedicated teams to develop them and offer online cataloging and sales on an ongoing basis. Likewise, all major museums and art galleries are creating and converting their most famous works into digital art as well as offering their own NFTs. 

In various reports on the art market, Artmarket.com consistently points out that it is impossible to understand the exponential growth of the NFT market without understanding the technological basis for its existence. This foundation includes topics such as blockchain, cryptocurrencies and its cultural roots in the cypherpunk community (the era of PGP-like data encryption in the early 1990s). 

To develop its Metaverse over the past three years, Server Group (Artprice’s parent company) forged several partnerships, notably with one of Europe’s leading spatial geometry groups, creating the European Dream Team for 3D design, engineering, 3D lab and research.

Its metaverse represents the exponential and continuous growth of the NFT art market. It will be the Artprice by Artmarket Blockchain suite and its smart contracts, which will allow artists to receive fair remuneration as well as copyright associations. The Artprice by Artmarket.com blockchain will primarily use Ethereum for its smart contracts, but will remain open for payments in bitcoin and other major cryptocurrencies.

About Artprice 

Artmarket.com and its Artprice department, is a French limited company with a capital of €6,651,515, incorporated in 1997 and mainly held by Server Group (SAS with a capital of €64,741,050) founded in 1987 by Thierry Ehrmann. Headquarters, Saint Romain au Mont d’Or – LYON (France). Artprice.com is listed on Eurolist (SRD Long Only) by Euronext Paris: Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.