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Ushering in a new way to buy and sell digital art, Artabia arrives as the first comprehensive marketplace for Arabian artists and collectors in the virtual sphere. Artists can convert their artworks into NFTs which are then sold directly or through an auction. Further, Artabia awards a royalty fee to each artist for every sale of their work thereafter.More details can be found at https://artabia.com/home
The newly established marketplace empowers Arabian artists to showcase their talents and convert their artworks into NFTs within a secure platform. These tokens are powered on either the Ethereum or the Binance blockchains which are the primary blockchains used for storing NFTs.
Despite its association with cryptocurrency, blockchain technology can be used for other industries, including art. It has lately been used to enable the trading of certain digital assets such as paintings and videos. However, unlike cryptocurrencies that can be traded for one another without any loss, NFTs have unique identifying codes that make each token one-of-a-kind.
NFTs have become a popular way for artists to sell their works because of their convenience and a high potential for additional income. Further details can be found at https://medium.com/@Artabia
The process is simple: Artists convert their works into NFTs which can then be bought in an auction. This is similar to traditional art selling; with the artist giving his physical work to the buyer.
With NFTs, however, the artwork remains in its digital form and is available on the internet. This means that other people can still view the artwork and potentially download it for their personal use. Still, the owner of the NFT has legal rights to the artwork and can use the token as he sees fit.
Artabia positions itself as an exclusive art trading platform in the MENA region. It aims to bring Arabic artists and collectors in one place, where they can sell and acquire unique pieces on a safe platform.
As part of its launch, the company is featuring a campaign where registrants have the chance to win a unique NFT minted on Binance Blockchain worth 0.5 BNB as a starting value. https://sweepwidget.com/view/34926-hmxsr801
Interested parties can find more information at https://www.facebook.com/artabia.nft
Release ID: 89048650