Artmarket.com, which is already positioned on NFTs with Artprice, reacts to an interview at BFM Crypto with Bruno Le Maire, and in particular his desire to make France the “hub of the crypto-asset ecosystem”
PARIS, 21 October 2022 /PRNewswire/ — On 17 October 2022, Bruno Le Maire – Minister for Economy, Finance and Industrial and Digital Sovereignty – was interviewed by BFM Crypto on the topic of crypto assets.
Artmarket.com carefully notes the declaration from the top of the state about the economic potential of the crypto-asset ecosystem, and above all about wanting to do France “the European hub for the crypto-asset ecosystem”. Bruno Le Maire declares: “And we will France to be the European hub of the crypto-asset ecosystem.”
He also said: “Today, France has some of the most innovative DASPs in the world and can draw on an exceptional concentration of crypto skills, be it scientific, IT, financial, legal or commercial.“
Artmarket.com is fully prepared to help create France a leader in cryptoassets i Europe and also in the world, in the specific field of Art NFTs, adopted by all historical players in the art market.
As a world leader in art market information and a pioneer of the internet since 1987 with Group Serveur, Artprice by Artmarket (twice designated as an “innovative company” by BPI France) has all the advantages, the technological know-how and the expertise to provide France a place as an international leader in crypto art.
Artmarket.com already has a permanent information feed of daily NFT news in 119 countries, as the world’s leading press agency dedicated to the art market, NFTs and Metaverse:
Artprice by Artmarket.com confirms that during the first half of 2022, the Art NFT phenomenon (Token non-swipeable in French) became a permanent segment of the art market on all continents with acceleration in sales and volume in the second half of 2022. This acceleration has been primarily triggered by a) the cleansing of cryptocurrencies and b) the introduction of much more favorable legislation in USA. Meanwhile, Europe has introduced a regulatory framework that monitors and controls the cryptocurrency environment, thereby providing greater confidence to consumers, investors and operators.
This regulation is the subject of studies, colloquiums and proposals to major French and European government bodies by the Art & Law Institute, in which Artprice by Artmarket has been heavily involved as a long-standing member since 1997.
Thierry Ehrmann, founder of Artprice and CEO of Artmarket.com notes: “in our various annual art market reports and our communications with investors, we have always included NFTs in our studies. And we have always said that one cannot understand this market of exponential growth without understanding the vital importance of blockchains, cryptocurrencies and their cultural origins within the Cypherpunk community (period of PGP-type data encryption in the early 1990s).“
Indeed, OpenSea USA, the leading NFT platform, itself declares that 80% of the main cases of Art NFTs are likely to affect the intellectual property rights of third parties. Faced with this observation, Opensea has announced that it is considering solutions to counter this nuisance and protect sellers and buyers. There is only one viable solution to this problem: the certification of the primary Art-NFT market by Artprice through the blockchain and smart contracts.
It is precisely in the main edition of Art NFTs that Artprice by Artmarket.com is the only one in the world market, taking into account all the underlying parameters and data, which can really fulfill the certification of primary issues of Art NFTs.
This ability to certify primary editions of Art NFTs is based on the fact that Artprice by Artmarket.com is the world leader in art market information and author for 25 years of its authoritative databases. These in turn contain the largest documentary collection in the world of notes, manuscripts and catalogs of auction sales since 1700, and in return guarantee the authenticity and historical evidence of the databases.
Artprice by Artmarket.com aims to be the most successful and highly competitive Art NFTs platform through its Metaverse, which is the ultimate and inevitable result of the NFT revolution.
This Metaverse is the assurance of exponential and continuous growth of the art market of NFTs. It will be accompanied by Blockchain and smart contracts to allow fair remuneration for artists, with copyright associations such as ADAGP, of which Artprice has long been one of the main contributors, under the reproduction law, in support of artists.
The Minister of Economy adds “In the immediate future, I am happy with the transition from Ethereum to Proof of Stake, which uses much less energy.”
This is in line with Artprice by Artmarket.com’s Blockchain, which will mainly use Ethereum for its smart contracts, as announced in its recent press release, following the transition from “Proof of Work” (PoW) to “Proof of Stake” of Ethereum 2.0 on 15 September 2022:
In fact, Artmarket.com has been following very closely for the past 3 years the transition to “The Merge” for decarbonized Blockchain Ethereum 2.0, in the context of the global energy crisis, which has only just begun. According to the founder Vitalik Buterinthanks to “The Merge”, after 7 years of development and successful beta tests), the power consumption of Blockchain ETH collapses by more than 99.95%, moving from “Proof of Work” (PoW) to “Proof of Stake” ( Bucket).
The fact that three years ago Artprice predicted Blockchain Ethereum and its smart contract as the benchmark in the art market for NFTs is further reinforced by the official dispatch from Christie’s on 27 September 2022with the launch announced of Christie’s 3.0 which is based on Blockchain Ethereum.
According to an Artprice study:
“All market makers in the art market and especially the majority of auction houses worldwide now have an NFT department for cataloged and online sales throughout the year. Likewise, all the major structures in the museum industry and art galleries are starting to publish their own NFTs.
Digital art created in the 1980s is finally making its real revolution by influencing almost half a billion Art NFT enthusiasts, at purchase costs that are now very accessible.
There are already more than 54,000 artists identified by Artprice who directly produce their NFTs for their buying public, and this is just the beginning of this paradigm shift.
It is a major event that definitively changes the structure of the art market and its actors, as known since 1950 according to sociologists, art historians and analysts. This is also confirmed by the various departments of Artprice, especially when it comes to the numbers.”
Artmarket.com will help to provide France and Europe a chance to counter Anglo-Saxon hegemony in cryptoassets. It will reveal to the economy, finance and industrial and digital sovereignty the unique features of Artprice by Artmarket.com, the world leader in art market information for 25 years, in the certification of primary issuers in art NFTs and crypto-art more generally.
Copyright 1987-2022 Thierry Ehrmann www.artprice.com – www.artmarket.com
About Artmarket:
Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Discover Artmarket and the Artprice department on video: www.artprice.com/video
Artmarket and the Artprice division were founded in 1997 by CEO Thierry Ehrmann. Artmarket and the Artprice division are controlled by Groupe Serveur, created in 1987.
See certified biography in Who is Who ©:
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Artmarket is a global player in the art market with, among other things, the Artprice department, a world leader in the accumulation, management and utilization of historical and current art market information in data banks containing over 30 million indexes and auction results, covering more than 793,000 artists.
Artprice by Artmarket, world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® provides unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of works of art from 1700 to the present day, annotated by our art historians.
Artmarket with the Artprice division accumulates data on a permanent basis from 6,300 auction houses and produces key art market information for the most important press and media agencies (7,200 publications). Its 5.4 million users (‘members log in’+social media) have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® for buying and selling artwork at a fixed or bid price ( auctions regulated by sections) 2 and 3 of article L 321.3 i France’s trade code).
Artmarket with the Artprice department has been awarded the state label “Innovative Company” by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which supports the company in its project to consolidate its position as a global player in market art.
Artprice launches its 2022 Ultra-Contemporary Art Market Report:
Artprice 2022 half-year report: the art market returns to strong growth in the West:
Artprice by Artmarkets 2020 Global Art Market Report published in March 2022:
Artprice’s 2020/21 Contemporary Art Market Report by Artmarket.com:
Index of press releases published by Artmarket with the Artprice division:
serveur.serveur.com/Press_Release/pressreleaseEN.htm
Follow all Art Market news in real time with Artmarket and the Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 5.9 million followers)
Discover the alchemy and universe of Artmarket and its art prize department at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times):
Contact Artmarket.com and the Artprice department – Contact: Thierry Ehrmann, [email protected]
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