Hicoder, Inc., the first ‘art asset decentralized exchange in Korea’ Opened AEX

Hicoder, Inc., the first ‘art asset decentralized exchange in Korea’ Opened AEX

Loading

Photo = AEX website

[Blockchain Today Reporter Ji-Hye Han] Art-Tech startup Hicoder has opened the door to the art asset trading platform market for the first time in Korea.

Art Asset Exchange AEX (AEX) was born with the vision of “creating a YouTube for the art world,” and is expected to establish itself as the first art asset trading platform in Korea.

Unlike existing companies, AEX entered the market in an innovative way. Art works registered in AEX are tokenized into NFT (Non Fungible Token) and digital ownership is guaranteed by blockchain technology. Works can be jointly owned through the split transaction of NFT tokens. Since the works owned in this way are consigned and managed by AEX, consumers can enjoy the effect of holding both digital and real ownership at the same time.

AEX plans to use works that are entrusted to be useful in various ways. An AEX marketing official said, “We will create and distribute collaboration products through rentals and licenses to generate profits and distribute them to co-owners.”

This is not the only innovation at AEX. AEX also provides various indicators such as price fluctuations, transaction volumes, and sales amount rankings of art assets registered through the platform. Customers can sell or buy public artworks on the exchange, which can be converted into cash at any time. For example, a piece of art can be divided by at least KRW 10,000, and one can be jointly owned, which can be sold again when the price increases.

A representative from AEX said, “This time, through business alliance with the Environmental Art Association, many customers can conveniently use the service. We will continue to expand the range of various services using AEX. “

AEX is preparing not only to revitalize Korean art, but also to shake the world art market. Myung-jun Jang, CEO of AEX, expressed his ambition to “activate the mass art creative market through AEX and lead the global art market with K-Art”.

contact@blockcast.cc