Original Art: Why Buy with Crypto?

At IGWT, each photograph is a tangible original piece accompanied by its ownership certificate in NFT format, ensuring its traceability and ownership. For the international collector who handles cryptocurrency with ease, buying with crypto is not just a trend but a natural transition to a new way of acquiring and collecting.

For several years now, art and cryptocurrency have been closely associated, particularly through NFTs which have enabled the emergence of limited editions of intangible goods and purely digital original art. While the initial association of art and cryptocurrency was through digital art, it has quickly spread to all high-quality or limited production goods. This is done using digital passports in NFT format, which, if used correctly, can effectively combat counterfeiting. This explains the significant interest that the art and luxury industries have in NFTs, but consumers also benefit from using cryptocurrencies for their purchases.

A High Level of Security When Purchasing

Cryptocurrency payments are supported by blockchain technology. This technology offers a high level of security through cryptographic solutions, ensuring that only the holders of the associated private key have access to an account. It is important to note that security largely depends on how users manage their private keys, as the blockchain itself cannot theoretically be compromised by current technology.

Unparalleled Traceability of the Purchased Product

Offered by the company and enabled by blockchain technology, the traceability provided by digital passports aims to provide a detailed history of the manufacturing or production process of acquired works as well as the history of their owners. Each step of a work’s journey from creation to sale can be precisely recorded. This necessarily includes successive ownership transfers but can also include other information such as details on materials used, the place of creation, and even the artist’s intentions. This depth of information enhances the value of the work for the collector by offering unprecedented transparency about its origin, journey, and authenticity. The blockchain, as a public and immutable ledger, guarantees the longevity of the passport beyond the lifespan of the company that provided it.

Direct Payment Without Intermediaries

The absence of intermediaries is another notable advantage. Cryptocurrency payments are made peer-to-peer, meaning there is no financial intermediary, reducing the complexities often associated with international purchases.

Unmatched Payment Speed

Speed is one of the main advantages of cryptocurrency purchase methods: transactions can be completed in a few seconds (or minutes at most), allowing for almost instantaneous fund transfers from one account to another, eliminating the delays often associated with traditional payment methods.

An Interesting Investment Option

For those who have been visionaries in their digital investment since the early days of cryptocurrency, art offers a tangible destination for these accumulated assets. With few options to spend cryptocurrencies in the real economy without converting them into fiat currency, buying original art can offer an attractive option to value and diversify one’s portfolio while acquiring valuable physical goods.

An Engaged and Active Ecosystem

The cryptocurrency ecosystem is characterized by highly engaged communities whose investment extends to actively supporting the projects they value. This dynamic creates a stimulating and impactful atmosphere and increases proximity between art lovers, gallery owners, and artists, facilitating the circulation of art through extensive and diverse networks.