- Exchange Art was established in 2021 by John Crain and brothers Duncan Cock Foster and Griffin Cock Foster.
- It is an online market for the trade of digital works of art, which are non-fungible tokens (NFTs).
- Amongst countless other brands, Exchange Art has quickly become one of the most well-known platforms that sell digital art.
Website: https://exchange.art/
What is Exchange Art?
Exchange Art started operating in 2021 and is a digital marketplace dedicated to NFT artwork buying and selling.
The platform creates a safe space for artists to display their digital creations and for collectors to acquire exclusive pieces on blockchain.
Every item in this art exhibition uses blockchain technology to confirm its authenticity and give proof of ownership while providing a reliable transparent marketplace for both buyers and sellers.
Moreover, it hosts a lively community made up of artists who create large varieties of digital artworks.
What Makes Exchange Art Unique?
In a crowded NFT marketplace, Exchange Art is built on the Solana blockchain, promoting transparency and allowing for secure ownership. They further differentiate themselves by cultivating strong relationships among artists and collectors.
Exchange Art offers an easy-to-use platform for both buyers and sellers. Buyers can look through a wide range of digital art produced by various artists based on categories or searching styles specifically in mind. Once they have found an NFT that they like, buyers can either compete for it in auctions or put forward their prices if the NFT has a fixed price.
For artists, Exchange Art takes away the complications of creating an NFT from anything digital such as pictures, animations, and videos. Besides this, artists earn royalties on future resales of their artwork; every time the work is resold, they receive a portion of its sale value.
Exchange Art offers fair rates with a 5% transaction fee for buyers, and just 2.5% for re-sales (per transaction) as opposed to traditional art galleries that charge substantial amounts, which empowers artists and opens up their work to a global audience.
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Is There a Market for NFT Artwork Sale Platforms?
The demand has seen an enormous surge since 2017 when reviewing NFT artwork sales platforms owing to the recognition of these products among tech enthusiasts globally coupled with use cases associated with tokenisation and supply chain. One of the major attractions for collectors of NFTs is the fact that they are unique, and ownership can be proven. Artists on their part are excited by new opportunities to showcase their creativity through these avenues. This growing interest in digital art has increasingly fueled the need for platforms such as Exchange Art.
The increasing number of high-profile NFT sales as well as more artists and collectors becoming involved in this space indicates that there is always new activity happening within NFT art marketplaces.
Where Can I Find Exchange Art?
You can find Exchange Art at their website: https://exchange.art/
