A new blockchain platform is looking to give artists and other creatives, a great way to connect with buyers and patrons, and also handle transactions. The Platform is powered by the Ethereum blockchain.
The platform, dubbed Foundation, allows the artists on the platform to issue ERC-20 tokens backed by their creations. The people who then purchase the tokens may then either redeem these tokens or trade them like any regular digital asset on an exchange.
Foundation promises a great way for artists and creatives to get into the crypto business, even if they are not offering any products that are related to the cryptocurrency industry. Foundation co-founder Kayvon Tehranian says that these artists, through Foundation, will be well introduced to the crypto industry and all of its advantages.
“If you look at our creators, they are not crypto creators. They are very established outside of the crypto realm, and they are coming into crypto to see what this new technology can do for them.”`
Foundation will also be floating its own trading protocol for its tokens and all the products artists will create on the platform. The trading protocol will also ensure that the pricing model on the platform is as fair as it can be.
Image Credits: Pixabay