Most of the problems are because it is difficult to verify the data about the parts, which makes it difficult to know their value. Blockchain offers a clear Norway Phone Number solution to this problem. What are your current issues with validating, buying and selling unique assets? Imagine you’re a collector and you get an email from someone you’ve never met, offering to sell you a Picasso. If he bought it from a reputable auction house like Christie’s, does he have a receipt. Has an appraiser ever written a report on this piece? If he has the file, how do you know it’s not fake.

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I previously founded and sold venture-backed, expert-vetted online marketplace for art and collectibles. Before joining Lofty, I was an investor in venture Norway Phone Number capital firms at Bessemer Venture Partners and. I have an MBA from Harvard Business School and a BA in Economics from Harvard. 2) What is the Codex Protocol. Codex is the leading decentralized asset registry for the $2 trillion art and collectibles ecosystem. Which includes art fine wine collectible cars antiques decorative arts coins watches jewelry and more.

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Backed by the Codex Coin native token, the Codex protocol is open source, allowing third-party participants in the A&C ecosystem to build applications that access, manage and modify registry data. Codex’s landmark app, Biddable, enables people to bid and buy easily and privately in cryptocurrency auctions. The Codex Protocol will be adopted by a consortium of key stakeholders in the A&C sector, which delivers more than $6 billion in sales to millions of bidders through tens of thousands of auctions from 5,000 auction houses in more than 50 countries. 3) What inspired you to start building a decentralized registry for the art and collectibles industry? When I ran I experienced first-hand the challenges of trading art and collectibles.

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