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The expansion of the cryptocurrency market has seen the creation of new solutions and services across different blockchain networks. Non-Fungible Tokens (NFTs) have become one of the hottest topics in 2021. Many popular NFTs have been released on Ethereum's (ETH) network and a good portion of them include Art content.
Artists that did not have the ability to reach large audiences can now sell their work on virtual Art Galleries on dedicated sale platforms as NFTs. NFT projects resembling virtual Art Galleries that include works of Art of many different artists have emerged and prospered, making millions of dollars of sales on every new drop. These projects always consist of a board of directors that evaluates Art pieces made by different artists and the most promising among them get to enter the auctions for big digits.
Almost immediately are sold to collectors (or investors) and re-sold for profits, or getting HODLed for later. This market and its mechanisms have worked with many alterations on Ethereum Main Net and while Web 3.0 is still in its early days, it creates the need for further expansion that can flourish in more versatile, faster, and more cost-effective ecosystems like the KCC network.
DivArt aims at providing new forms of value in the Art Gallery industry, and the market as a whole.