*

4 .

Adappcity is developing a decentralized application (DApp) on the Ethereum blockchain which will create a marketplace where people can buy physical art from artists using Ether (ETH) as payment.



Artists can sell physical artwork on the DApp without paying any fees or commissions. This removes intermediaries such as galleries and auction-houses that charge high commissions. When a piece of artwork is posted for sale on the DApp, a digital certificate of authenticity will be created for the art.



When you purchase artwork on the DApp, your Ether will be held in escrow in a smart contract and will not be released to the seller until you confirm that you have received the art.



After you buy art on the DApp: (1) the digital certificate of authenticity will be updated and will show your ethereum wallet address as the owner of the artwork; (2) the artwork will be added to your online collection of all of the art you have purchased on the DApp; and (3) the provenance of the art will be securely tracked and recorded on the blockchain so that there will be no dispute as to the authenticity of the artwork when you want to re-sell it.



You can re-sell art from your collection at any time for any amount that you choose. Adappcity charges you a 10% commission for every piece of art that you re-sell on the platform to other collectors.



How likely would you be to buy artwork using Ethereum as payment on this marketplace?



