ArtMeta Collaborates with VP Bank to take Fine Art to Metaverse
- Notably, the premium fine art metaverse firm intends to bank on this partnership to explore the new tokenization of art service recently unveiled by the VP bank.
In a bid to expand its service offering, a leading virtual fine art metaverse, identified as ArtMeta, has announced a collaboration with VP Bank, one of the biggest Liechtenstein banks. As revealed, the collaboration tends to widen the service delivery of Artmeta. This, according to reports, entails virtualizing hugely valued art collections and showcasing many of those artistic collections enveloped in the metaverse.
Notably, the premium fine art metaverse firm intends to bank on this partnership to explore the new tokenization of art service recently unveiled by the VP bank. According to findings, the new tokenization of art services avails the possibility of harnessing the prospects associated with blockchains. As described by the VP bank, the exploration of this technology helps to provide traceability, transparency, and a reliable security mechanism in rendering its services to clients.
As programmed, physical assets, just like artworks entail all tokens employing tokenization. Every respective token depicts a particular parcel of artwork, embedded with implementable ownership rights.
VP Bank and Artmeta Focus on Metaverse
According to findings, the VP bank, one of the biggest Liechtenstein banks currently has offices in Singapore, Zurich, Vaduz, Hong Kong, and Tortola. Over time, the banking group has continued to offer banking services to well-to-do personalities across the globe since over 65 years ago. More so, the private-oriented bank offers consistent and reliable asset management solutions to both private personalities and financial intermediaries.
Worth noting, that the VP bank usually avails a combination of innovative and traditional offerings. Recently, the banking group tokenized the first watch in Liechtenstein.
The Head of Client Solutions at VP Bank, Thomas Hohenhau hinted that research into the disposition of their customers to tokenization offerings revealed that they are hugely interested in the digitalization of collectibles. He further said that the banking group received lots of inquiries from numerous interested clients after the bank’s first painting in December.
Hohenhau maintained that its tokenization techniques are in alignment with the new blockchain rules obtainable in Liechtenstein. Additionally, the clients’ heads boasted that the approaches employed by the bank are cherished by its increasing clients. According to him, the private bank enjoys a robust edge over its competitors, particularly the ones offering similar services in deregulated places.
ArtMeta on the other hand usually avails adequate accessibility to the world of fine art. The digital reality 3D Metaverse functions by linking premium galleries and creators with their respective collectors.
Notably, it offers a virtual platform for creators to showcase, market, and sell their artistic works. More so, ArtMeta also equips artists with the necessary techniques to aid their participation in the growing NFT space.
The metaverse possesses a native token, identified as $MART. This token, coupled with other techniques on the platform enables Artmeta to unify and connect the fine art sector with the crypto space.
Rebecca is a Senior Staff Writer at BitcoinWisdom, working hard to bring you the latest breaking news in the cryptocurrency market. In the words of Elon Musk “Buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long-term.”
