Center of culture and arts in Dubai (Dubai Culture) has launched a unique blockchain-project in the field of art.
ArtBank must be a first Bank of digital arts in the world, which will use its own crypto currency for trading works of art. His goal is to make Dubai the international centre for the arts. The project is part of the initiative Dubai 10X, which focuses on the development of governmental structures.
«The project ArtBank brings us to a new level of art, where creativity meets technology» — said the acting Director of the Center of culture and arts of Dubai Saeed al Naboodah (Saeed Al Nabouda).
«Today the arts are too elitist, which many artists do not have enough space and laws, to share their products,» added Naboodah, «the ArtBank will be a platform for the world’s first cryptocurrency designed for creativity. The growth of the ecosystem will grow and cryptocurrency, which will strengthen the economy of Dubai.»
«Over time, the platform will be created a database of regional and international art. Artificial intelligence will help users to interact. The introduction of the platform will take place in several stages, which will be established several partnerships with well-known banks, investment companies and suppliers of intelligent solutions,» added Naboodah.