As announced in our previous press release dated September 12, “Artmarket.com adds Ethereum and Bitcoin to Artprice’s multi-currency databases to meet the needs of its customers and prepare for the future of Web 3.0“
https://www.prnewswire.com/ae/news-releases/artmarket-com-adds-ethereum-and-bitcoin-to-its-multi-currency-artprice-databases-to-meet-the-needs-of- Its customers and prepare for the future in the web 3-0-867034679.html
Photo – https://mma.prnewswire.com/media/1899725/Ethereum_TheMerge_Artprice.jpg
Ethereum 2.0, TheMerge. Artprice by ArtMarket.com
In the context of a severe global energy crisis (which is likely just beginning), Artmarket.com has been closely following the transition to a completely carbon-neutral blockchain. This is now a reality with Ethereum 2.0 after the “merger”. According to founder Vitalik Buterin, “The Merge” — switching from “Proof-of-Work” (PoW) to “Proof-of-Stake” (PoS) — will follow 7 years of development and successful beta testing reduces power consumption by more than 99.95% (Source: https://ethereum.foundation/).
Even before the switch was implemented, Ethereum (ETH) managed to gain the interest of Web 2 giant, Google, whose Web 3 team, motivated by the Ethereum initiative, scrambled to publish a doodle with a countdown to “merging.” This move by Google represents a great victory for the cryptocurrency and a real “Knighthood” for Ethereum 2.0.
In a global context where concerns about what might be called an “energy war” and about global warming have reached massively inflated levels, this news is absolutely vital. As a result of this initiative, Norway’s central bank – a country where environmental concerns are a top priority – announced the establishment of MNBC (central bank digital currency) on Ethereum, meanwhile Bank of America now sees Ethereum as a solid investment and refers to it as a “green giant.”
The art market can only benefit from the “merging” of the French newspaper Le Parisien Joe Lubin, co-founder of Ethereum quotes: “[…] Many digital artists and collectors are hesitant to acquire digital artwork associated with burning so many fossil fuels… With this shift, these concerns recede and interesting projects will move straight to the production of the first post-merger blockchain to start. This will release a tremendous amount of creative energy.”
Lupine adds:It won’t directly affect gas and oil prices in Russia, but it sends a powerful message to the world if we replace energy-intensive mining with a structure that uses the electricity needed to make a cup of coffee. It is a profound change that will happen as simply as an automatic smartphone update.”
Therefore, Artmarket.com anticipates an exponential growth in artistic creation specifically in the NFT art market. A number of famous artists have already switched to art NFTs, as have a number of major art museums. Over the past year, Artmarket.com has expressed its preference for the Ethereum 2.0 blockchain, particularly during its AGM and in various financial press releases, and has invested all of its IT and HR resources in confirming its success with NFTs and Metaverse – the backbone of Web 3.0. The world-famous Museum of Modern Art (MoMA) is considering an upcoming sale of artwork through Sotheby’s for approximately $70 million, with an opportunity to invest proceeds from those sales to purchase NFTs. This was advised by a team of experts tasked with tracking the NFT markets and finding the most promising artists there.
Thierry Ehrman, CEO and founder of Artprice by Artmarket explains: “In crypto history, the September 15, 2022 merger marks an irreversible founding date for Web 3.0 and technical NFTs and could lead to ‘volatility’, with Ethereum overtaking Bitcoin by market cap in the coming months.. “
Copyright 1987-2022 Thierry Ehrman www.artprice.com – www.artmarket.com
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About Artmarket :
Artmarket.com Listed on Eurolist by Euronext Paris, SRD Long Only, Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
A video presentation of Artmarket and its Artprice section can be found at the link below: www.artprice.com/video
Artmarket and its division Artprice were founded in 1997 by its managing director Thierry Ehrmann. Groupe Server (established 1987) controls Artmarket and its Artprice division.
See approved CV at Who’s who©:
Artmarket is a global player in the art market. The company owns, among other structures, the Artprice division, the world leader in collecting, managing and exploiting historical and contemporary information on the art market in databases containing more than 30 million indexes and auction results for more than 787,000 artists.
Artprice from Artmarket, the world’s leading provider of art market information, aims to become the world’s leading NFT platform for fine art through its single global marketplace.
Artprice Images® grants unlimited access to the world’s largest database of art market images. It contains at least 180 million digital images, photographs or engraved copies of artwork from the 18th century to the present day, which our art historians have explained.
Artmarket, through its Artprice division, continually collects data from 6,300 auction houses and generates key market information for major press and media agencies (7,200 publications). Its 5.4 million “Authorized Members” have access to advertisements posted by other members on the web and access to the (Global Standardized Marketplace®) network which is now the world’s leading standard marketplace for buying and selling artwork (fixed price or bid); Auctions are governed by paragraphs 2 and 3 of Article L 321.3 of the French Commercial Code.
In November 2018, Artmarket (and its Artprice division) was awarded the “Innovative Company” quality mark for the second time for another 3 years, awarded by the French bank Publique d’Investissement (BPI); BPI supports the company and its project to strengthen its position as a global player in the art market.
Artprice 2022 Semi-Annual Report: Art Market Returns to Strong Growth in the West:
Artprice by Artmarket Global Art Market Annual Report 2020, published March 2022:
Contemporary Art Market Report 2020/21 By Artprice & Artmarket.com:
Index of press releases published online by Artmarket and its Artprice division:
Follow the evolution of the art market in real time on Facebook and Twitter with Artmarket and its Artprice section:
www.facebook.com/artpricedotcom/ (over 5.9 million followers)
Discover the magical world of Artmarket and its Artprice section https://www.artprice.com/video, housed in the famous Organe Museum of Contemporary Art “House of Chaos” (dixit The New York Times): https://issuu. com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
Loops – Museum of the Future: https://youtu.be/29LXBPJrs-o
www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (4.3 million followers)