Articles

Learn more about the connections between cryptocurrency, the art market, luxury market.

4 predictions for blockchain in 2021 – from cryptocurrencies to art.

Sheila Warren FEB 03 2021 on WORLD ECONOMIC FORUM

This year has been off to a notable start for crypto and blockchain. On Jan. 7 the total cryptocurrency market hit an all-time high exceeding $1 trillion for the first time. Renewed interest in, and conversations around, blockchain technology and digital currencies from industry and government leaders have accompanied the rise.
At the same time, the challenges of 2020 continue, including the global pandemic. COVID-19 dominated the recent Davos agenda, with the need for digital solutions and real-time multi-party access to consistent information highlighted across multiple sectors.

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New Year, New Legal Focus: The Impact of Cryptocurrencies and Blockchain Law

Hans Kuhn JAN 19 2021 on LAW.COM

Cryptocurrencies are a hot topic lately. Clients will no doubt be curious how this emerging technology may change how they live and work. The legal space will most likely be one of the first places they turn for answers. This is a complex, technical topic but understanding the basics is critical for the legal market and those who promote it.

In an article published on January 19, 2021, Hans Kuhn, who concentrates much of his legal practice on the banking and financial markets and serves as a legal advisor to Idoneus, discusses how the global company has emerged to provide a blockchain-based platform for the exchange of luxury goods and services globally.

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‘It Provides a Competitive Advantage’: Why Dealer Stefania Minutaglio Is Embracing Cryptocurrency and Blockchain Technology

11 [HELLHEAVEN] DEC 21 2020 on ARTNET

Though the art world may imagine itself, perhaps flatteringly, at the forefront of culture, when it comes to embracing new technologies, the industry often opts for a more quill-and-ink model than any new-fangled wizardry. In recent years, however, many have recognized the legitimacy of cryptocurrencies and blockchain technologies, but while thought-provoking talks have been hosted and token masterworks have been purchased with the novel currencies, these technologies remain far from commonplace today. Reasons for the hesitation are numerous: cryptocurrencies are known to be notoriously mercurial—valuable one day, worthless the next—and remain opaque, both in value and use, to many. Another possible drawback? The blockchain technologies that undergird cryptocurrency transactions are public, perhaps allowing too much transparency for some.
Still, some are leading the way for the industry. Among them is Stefania Minutaglio, art dealer and head of 11 [HH] Art Gallery based in Rome and Miami, one of the few dealers to have embraced cryptocurrency.

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How Blockchain and Cryptocurrency Changed This Art Gallerist’s Business For The Better

11 [HELLHEAVEN] OCT 28, 2020 on WIDEWALLS

In June 2020, the blockchain-based luxury asset ecosystem Idoneus made headlines when they bought a work of art using their native cryptocurrency, the IDON token. The purchase of the artwork, Pablo Picasso’s Danse du ventre devant homme impassible, happened before the IDON Tokens entered public exchange, proving the level of trust that the seller had in Idoneus. Perhaps it’s more about the unwillingness to give the art market the much-needed transparency, which currently works in favor of its top players. But aside from that, there are plenty more pros to cons when it comes to using blockchain and cryptocurrency in the art business – just ask Stefania Minutaglio

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Cryptos and blockchain: a borderless new economy for the art market

11 [HELLHEAVEN] AUG 3RD, 2020 on ARTSY.NET

The art world is traditionally slow to change, especially to a concept as difficult to grasp as new terminology like cryptocurrencies, tokens, coins, blockchain. But for sure even the most riotous of traditionalists will not deny the evidence the international monetary system is facing one of the worst crises ever. Fiat currencies around the world are crushed by the enormous weight of public debt and trillions printed as a recovery fund. Price inflation is an increasingly topical issue and is putting small and medium investors around the world at a crossroads: continue to fuel a fraudulent system ready to explode, or invest in innovation and decentralization?

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11 HeavenHell Art Gallery Director Nicole Zambrano Wants Her Clients to Pay in Cryptocurrency

11 [HELLHEAVEN] JUNE 25TH, 2020 on ARTNET.COM

We spoke to the director of the Miami location about the gallery’s unique payment practices and the meaning behind its unusual name.

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The Art of Cryptocurrency

11 [HELLHEAVEN] MAY 08TH, 2020 on IACCSE – ITALY AMERICA CHAMBER OF COMMERCE

Cryptocurrencies have recently gained enormous popularity amongst the general public. With each passing day, more and more companies are radically accepting crypto currencies in their payment systems, paving way for an economic revolution. However, the average consumer’s understanding of what are also known as cryptocurrencies is limited.

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