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AllPublicArt (APA) ICO Review

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AllPublicArt is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameAllPublicArt
Token SymbolAPA
WhitepaperView Whitepaper
Website LinkHome
Price1 APA = 0.075 USD
PlatformEthereum
AcceptingETH
CountryUSA

More about AllPublicArt (APA) ICO:

All Public Art (APA) provides a unique platform that contributes to the growth and sustainability of the global art community by supporting the art market, igniting artist-to-collector trading, and storing the provenance of art on the blockchain. With the AllPublicArt token and the creation of our API, we are deploying a new, convenient and effective way to trade art and track the history of artworks. All Public Art’s implementation of blockchain technology will minimize counterfeit art, build trust within the art market, improve art trade services and increase economic and social benefits in the global art community. Thanks to blockchain technology, transparency is increased ensuring a more convenient and legitimate marketplace for trading art.

All Public Art aims to create a thriving community of people who purchase and sell art with the advantages of blockchain technology.

Fundamental Features of All Public Art

Simple Communication: With the aid of blockchain technology, smart contracts are autonomously proposed and communicated. The seller/buyer can entrust the conclusion of the deal to the technology, instead of a third party. 

Transparency: While the identities of the artist and collector remain private, all other details of the transaction are made public and cannot be manipulated by any person or organization.

Security: The system will only allow the unique IDs of the artist and collector to be traced, while their personal information remains anonymous. This aids in the security of the transaction and allows other potential collectors to view the history of the artwork.

Empowering Art Enthusiasts: By giving power back to the artists, their dependency on intermediaries is removed. This will enable each party to conduct their own fair transactions.

A Supportive Community: With AllPublicArt tokens, art enthusiast will be able to gift tokens to their favorite artists as a show of support. The tokens can then be traded by artists for art materials or supplies on All Public Art.

All Public Art is Dedicated to 6 Goals:

  • Support artists, sellers, collectors and consumers that trade art;
  • Reduce counterfeit art in the market through modern identification methods and blockchain tracking technologies;
  • Enable transparent, publicly auditable transactions between artists, sellers, collectors and consumers through blockchain technologies;
  • Increase the quality of the trade process by eliminating the role of the intermediary;
  • Leverage new and exciting technology to help artists;
  • Connect the global community of people who love art.

Sweet! You found All Public Art, the best place to discover art and amazing artists around the world! On this new groovy website you can find street art, studio art, public art and tons of creativity. It’s also a wicked photo-sharing and e-commerce platform designed for artists, businesses, and art organizations to sell art. If you’re an artist or art-related organization, All Public Art is the perfect place to share new artwork with friends and other art-lovers worldwide! 

SHARE AWESOME ART

Want to show your friends all the dope art you saw on vacation? Or maybe you’re an artist and want to share a new mind-blowing piece with your followers and collectors. On the APA website and in the mobile app you can capture or upload a photo of any artwork, share its details and if it happens to be an artwork created outside, you can include its exact location so that others on All Public Art can visit it for themselves!

FIND ART AROUND TOWN

Want to go on an art tour? APA has pages devoted to individual locations of artworks posted by the user community where you can view photos, learn about the artworks and use an interactive map where you can get directions to the exact location of the artwork. Take your friends to some of the hottest street art locations around town! 

CONNECT WITH OTHERS

On All Public Art, our community can invite each other to art events, send private messages, ‘follow’ each other to get notified when a new post is made and show love through comments and likes on posts! Ahhhh yes, spreading love is beautiful and we take it very seriously.

GET ART NEWS

Want to stay updated with the latest and greatest daily news and information in the global art community? You guessed it… every day All Public Art features articles about artists, events and interesting things happening in the art world. We create our own articles and also source articles from some of the top art news sites. Experts say that eating a healthy breakfast while reading All Public Art news is good for the soul. Well, not really, but it’ll make your day better, we promise!

We imagine a world more connected through art and we strive to build a global family that continues to propel, support and encourage the power of creativity. We love art, we love the people who make art and we love the people who support art!

Introduction

All Public Art serves as a connection between three areas with incredible potential: art, blockchain technology and the people who create, sell or buy art. The art market’s growth and development continues to thrive through the unique merging of the aforementioned areas. By combining each area into a new, disruptive model of art trading, All Public Art ensures that there is an art market that is beneficial and fair to artists and collectors alike. Supporting All Public Art means supporting a healthy future for the arts as it brings together artists and consumers, from all walks of life, who share the same common interest: to make acquiring art, enjoyable, efficient and fair for all.
Acquiring art is a privilege that contributes to the quality of life in modern society. Households, businesses, institutions, and public spaces are all transformed when art is introduced to the environment. Over the years the art market has continued to grow and change along with the economic climate and now blockchain technology is a new exciting development that will contribute towards its continued success in the 21st century. The TEFAF 2017 Global Art Market Report announced that the global sales of art in 2016 were $45 billion, a 1.7 percent increase on the comparable figure for 2015. [1]
Auction houses have dominated the sales in the art market; however, according to the recent reports from TEFAF a shift is now occurring. The report states that “sales are moving away from the auction houses to the private sector, both to private sales by auction houses and to dealers. In 2016, public auction sales of works of art, high-end jewelry, and decorative arts, reached $16.9 billion globally, a drop from $20.8 billion in 2015.” [2] There is a natural desire to exclude the intermediary, avoid paying a commission price for the artwork and trade art with ease. All Public Art strives to serve the artists, sellers, collectors and consumers who desire a smooth and easy process to trade art.

Many global economic factors affect the demand for art. In the United States, which possesses the largest art market by value, the rising equity markets, as well as increasing home prices and low unemployment contribute to the purchasing power of those who possess discretionary money to purchase art. In 2017, the International Monetary Fund increased its forecasted GDP growth in the U.S. to 2.3% in 2017 and 2.5% in 2018. [2] Due to the resilience of the art market and its continued growth, there is a positive outlook for its future.

Blockchain technology offers great potential and is suited to the art market as it enables direct (peer-to-peer) services for the artists, sellers, collectors and consumers, while offering transparency of the sales.
This will minimize the number of counterfeit artworks as well as intermediary price manipulation in the market. In the past, a buyer and seller would have to trust the intermediary (auction house, art consultant or art gallery) to coordinate the trade. In addition, there would be a commission paid to the intermediary. With All Public Art’s platform, there is no need to pay a commission fee and blockchain technology offers complete transparency for both parties involved in the transaction. The team at All Public Art are proud to offer you the opportunity to be a part of All Public Art. Utilizing the advantages of blockchain technology to disrupt services in the art market is an innovative and exciting prospect.

All Public Art aims to create a thriving community of people who purchase and sell art with the advantages of blockchain technology. All Public Art’s team is excited to execute ideas that will integrate blockchain technology into the art market, improve art trade services and increase the economic and social benefits in the art community on a global scale. The funds we gather will enable us to develop and implement a variety of innovations that we are planning for the art market. This is an opportunity with the potential to reward all participants; the collector/consumer will not be dependent on an intermediary demanding a commission from the sale. Artists and sellers alike will receive better compensation for the art they produce/sell. Both parties will be able to enjoy complete transparency during trade through smart contracts utilizing blockchain technologies.

The All Public Art Mobile App

All Public Art’s mobile app and AllPublicArt.com has been a success since its launch in 2015. The mobile application and website are operated by All Public Art Limited, which is the company launching the AllPublicArt token. Thanks to our ever-growing community of active users, great art has never been easier to find and share anywhere in the world. Great reviews from artists and art fans have continued to come in as we have continued to develop the app over the years. Follow people whose artistic taste you like, explore art in our 360° Virtual Reality online gallery, browse and discover new artworks from around the world, catch up on art news daily, and find art events to attend in your area. The All Public Art app is available on the Apple App store and the Google Play store. Artists and art enthusiasts from all around the globe can be a part of our community by registering on the app or on AllPublicArt.com. The momentum we have gathered from all our members and the positive feedback has kept us striving to improve on our previous successes. There could not be a more perfect time for us to capitalize on this momentum and user base to implement our blockchain enabled, transparent, peer-to-peer marketplace.

Opportunity

For a number of years, the All Public Art team has been involved in the art market and the Internet Technology field. Our team is therefore equipped with the relevant knowledge and experience which will contribute to the service that we will execute on our platform with blockchain technology.
Since 2015, All Public Art’s team has been working towards building a robust platform that is equipped to grow with the thriving online art market. In December last year Bloomberg reported on the rapid growth of the art market, stating: “The online art market is growing at an annual rate of 24 percent and expected to reach $9.58 billion by 2020, according to a report by insurer Hiscox Ltd. At Sotheby’s, Internet buyers spent $155 million in 2016, up 20 percent from a year earlier, and about half of all online bidders were new to the auction house. Christie’s doubled the number of its online-only sales this year. The young, global, tech-savvy audience of startup Artsy participated in 41 auctions of its partners such as Phillips and Sotheby’s — and the company expects to quadruple such collaborations in 2017.” [3] There is no doubt with regards to the potential of the art market. All Public Art strives to serve the global art community by providing a platform that will successfully contribute to the art market’s growth.
The introduction of blockchain technology into the art market, cuts out the need for an intermediary which is more cost effective for everyone involved. What is a smart contract and why is it beneficial for buying and selling art? A smart contract is a blockchain-based program that due to its transparency, will bring trust and security to the art trading process. Smart contracts also reduce additional transaction costs normally associated with selling art. The smart contracts are executed immediately after the buyer and seller agree, which saves time and is an added convenience during the transaction. When connecting cryptographic infrastructure with the art sector, an opportunity is created for business process optimization, as well as more transparent and efficient functioning within the art market. One of the more useful aspects of smart contracts is their ability to help buyers track the data of the transactions made. As a result, buyers are able to collect data from the trades to minimize the risks of counterfeit art, fraud and market manipulation.

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AllPublicArt (APA) ICO Scam or Not?

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