Fairchain provides a digital ownership infrastructure for art and collectibles, utilizing blockchain technology to ensure clear provenance and proof of ownership. This platform addresses the lack of transparency and trust in the market by enabling creators to maintain connections with their works while offering collectors verifiable ownership records.
Funding
Funding not disclosed
Founders
Product
Problem
The art and collectibles market lacks transparency and trust, making it difficult to verify provenance and ownership, which can lead to fraud and disputes. Artists often lose connection with their work after the initial sale, missing out on potential royalties and ongoing engagement.
Solution
Fairchain provided a digital ownership infrastructure for art and collectibles, leveraging blockchain technology to establish clear provenance and verifiable ownership records. The platform aimed to enable artists to maintain connections with their works and ensure a more transparent and trustworthy market for collectors. By creating a digital standard for ownership, Fairchain sought to empower artists and foster connectivity and sustainability within the art market.
Target Audience
The primary users were artists, collectors, and gallerists seeking to establish clear ownership and provenance for art and collectibles.
Features
- Blockchain-based certificates of title for artworks
- Digital records of sales contracts
- Platform for maintaining provenance and ownership history