Next steps post-crowdsale
It’s been a busy couple of weeks and this is what we have been up to: We will be sponsoring the upcoming 10th Annual Art & Finance Conference organized by Deloitte. Check out our feature by Nasdaq. The ART Token is now tradeable on HitBTC and EtherDelta. We‘re hiring, and more!
The crowdsale has come to an end, and we would like to extend our sincere thanks to all participants who have backed our project and share our vision. We are very excited about the prospect of expanding our operations and getting one step closer to achieving our goal of bringing fine art investment to the global market.
Some updates of what’s been going on in the 2 weeks since the crowdsale closed.
DELOITTE ART & FINANCE CONFERENCE
We are pleased to announce that Maecenas will be one of the main sponsors of Deloitte’s 10th Annual Art & Finance Conference held at Palazzo Mezzanotte, seat of the Italian Stock Exchange, in Milan on 8 November 2017.
The event features renowned industry speakers and offers interactive panel sessions which will discuss the following hot topics, amongst others:
- The role of wealth managers in the management of private collections and collections owned by family businesses
- Trust and transparency in the Art Market, is the Art Market a global market?
- Release of the Key findings of AXA ART survey on how online data help collectors and art professionals acquiring contemporary art
- Release of the Key findings of the 5th Deloitte ArtTactic Art & Finance Report
- Private & family business art collections: motivations, risks, needs
The closing keynote address will be delivered by Dario Franceschini, Italian Minister of Cultural Heritage and by Aurelie Filippettion, France former Minister of Culture.
If you are planning to attend please make sure to drop by our booth and say hi.
MAECENAS FEATURED IN NASDAQ
It seems we’re not the only one excited about the prospect of change in the art industry. With the latest figures released by the European Art Foundation showing that global art market sales are up 1.7% from 2015, the industry remains a profitable one. However, access is limited as investment in the art world can be expensive and out of the reach of many.
Nasdaq featured Maecenas as a key sector player that can remove the barrier to art, and let anyone buy shares of fine art. The article highlights our use of our blockchain-driven platform to divide artwork ownership into fragments and connects art owners with investors where shares are bought and sold.
Read the full article from Nasdaq.com here.
WE’RE HIRING AND MOVING
Thanks to your support, we managed to hit our threshold target in just one day. As delineated in our white paper, this will go toward funding operations and product development.
We’re actively recruiting new team members and moving into a larger office space to accommodate the expansion. The development team is working fervently toward releasing the beta (pilot) in 6 months. Take a sneak peek at the alpha version here.
ART listed on Coin Market Cap
ART is now live on coinmarketcap.com. Market Capitalization is one way to rank the relative size of a cryptocurrency. It’s calculated by multiplying the Price by the Circulating Supply.
Market Cap = Price x Circulating Supply
Price is calculated by taking the volume weighted average of all prices reported at each market. Sources for the prices can be found on the markets section on each cryptocurrency page.
After much deliberation, we have decided to allocate unsold ART tokens from the crowdsale to the partner & client incentive pool to accelerate acquisition. This will boost our ability to grow by being able to be more aggressive with our incentive programme.
If you’re as excited about the future of Maecenas as we are, join our Telegram group to chat with the team and other engaged early supporters.
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