Blockchain and NFT have disrupted the art industry on a global scale. To keep abreast of the crypto art market, RtistiQ, a Singapore online art marketplace, started accepting cryptocurrency through TripleA.
The collaboration enables RtistiQ collectors to make payments using cryptocurrency. Founded in 2019, RtistiQ connects contemporary artists with collectors from all over the world. It leverages blockchain and NFC technologies to address the lack of transparency in the art market, providing artists with more secure ways to sell their art online.
“Being at the forefront of blockchain technology in the art industry, we want to empower our artists and collectors with cryptocurrency. Integrating TripleA’s crypto payment gateway provides a secure and transparent environment for passion-driven transactions. Combined with AR and AI, it enhances the art experience multifold in a digital economy,” said Jothi, CEO of RtistiQ.
Today, more creators and collectors are looking to sell and purchase digital art with the promising future of NFT (non-fungible token). The first NFT created, named the Quantum by New York artist Kevin McCoy, was sold at US$1.4 million. Twitter, the social media giant, is also developing technology for its users to change their profile to NFT avatar and display their NFT collectibles.
“We are delighted to be the preferred partner of RistiQ in Singapore. Businesses in the city-state are warming to cryptocurrency with the government’s support in blockchain innovation. We anticipate more partnership opportunities from this successful collaboration with RtistiQ,” said Eric Barbier, CEO of TripleA.
Covid-19 may have impacted museums and art galleries, but it also accelerated the shift to online exhibitions and marketplaces. Alongside, the NFT boom spurred many art enthusiasts to return to the space and reinvent what NFT can do and can’t do for digital art. And across industries, we see that cryptocurrency has changed the way businesses and people transact.
TripleA allows online and offline businesses to accept cryptocurrency payments with zero price volatility risk by converting them to local currencies in real-time. With its easy setup, highly competitive exchange rate, and no-chargeback payment system, TripleA helps businesses increase their revenue by accessing the growing cryptocurrency users (300m+) community from all over the world.
RtistiQ is an online art marketplace leveraging Blockchain and NFC technologies. Founded in 2019, it was the vision of a group of Technology & Finance specialists with a profound passion for art. RtistiQ builds a vibrant community of artists, collectors, art enthusiasts, soon galleries and art professionals. Its core values are diversity and social & environmental responsibility.