In Dubai will create a digital Bank for works of art

Center of culture and arts in Dubai (Dubai Culture) has launched a unique blockchain-project in the field of art.

ArtBank must be a first Bank of digital arts in the world, which will use its own crypto currency for trading works of art. His goal is to make Dubai the international centre for the arts.

The project is part of initiatives by 10X Dubai, which aims to promote government structures and to bring Dubai to the world leaders across all sectors.

«The project ArtBank brings us to a new level of art, where creativity meets technology» — said the acting Director of the Center of culture and arts of Dubai Saeed al Naboodah (Saeed Al Nabouda).

«Today the arts are too elitist, which many artists do not have enough space and laws, in order to share their works,» added Naboodah, «the ArtBank will be a platform for the world’s first cryptocurrency designed for creativity. The growth of this ecosystem will grow and cryptocurrency, which will strengthen the economy of Dubai.»

«Over time, the platform will be created a database of regional and international art. Artificial intelligence will help users to interact. The introduction of the platform will take place in several stages, which will be established several partnerships with well-known banks, investment companies and suppliers of intelligent solutions,» added Naboodah.

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