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Live Rare Art Auction Possible Through Blockchain Technology

Codex, a decentralized title registry for the $2 trillion dollar arts & collectibles (A&C) asset class, has announced today that it will be partnering with ConsenSys to host a live charity auction at Ethereal Summit, which takes place in New York City on the 11th and 12th of May, 2018. The live auction will be part of a broader sale of artworks hosted together with Rare Art Labs. Proceeds from the sales will go to a foundation, which is being established to support creatives working at the intersection of blockchain technology and art.

CEO of Codex, Mark Lurie said: β€œIt has been our goal at Codex to harness the power of blockchain technology to realize the true value of arts & collectibles. By partnering with ConsenSys and Rare Art Labs at Ethereal Summit, we have an opportunity to make this goal a reality, showcasing our unique value proposition and demonstrating to crypto-holders that art and collectibles is an important and viable part of a diversified investment portfolio. At Codex, we are keen to develop tools which are helpful for the artistic community and recognize that artists play an important role in the development and dissemination of new technologies. Establishing the foundation allows us to offer financial support to the artistic community to encourage them to engage with blockchain.”

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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