Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights. This time, you get to discover 5 hand-picked non-fungible token (NFT) art startups.
Out of 46, the Global Startup Heat Map highlights 5 Top NFT Art Startups
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 46 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 41 NFT-based digital art solutions, get in touch.
Foundation facilitates Digital Art Transactions
Founding Year: 2020
Location: San Francisco, USA
Partner for: InterPlanetary File System (IPFS)-based Digital Art Trade
US-based startup Foundation enables digital art transactions through non-fungible tokens. An NFT is a unique and non-interchangeable unit of data stored on a decentralized, digital ledger called the blockchain. Foundation leverages the Ethereum blockchain to authenticate art for the creator economy. With an invite-only structure, each member is set up with a MetaMask wallet that uses an IPFS storage network for transactions. It is a peer-to-peer storage network that allows artists to set a value for each NFT. Artists receive 85% of the final sale price in Ethereum as well as a 10% royalty on each resale.
art rights enables Digital Art Management
Founding Year: 2018
Location: Cagliari, Italy
Partner for: Metaverse for Digital Art Curation and Management
Italian startup art rights allows artists to sell and manage art through NFTs. The startup enables artists to create Arts Rights Certificates to prove the authorship, provenance, and authenticity of digital artworks. Further, it features a legal system compliant with copyright law with verified users and data via blockchain. art rights also connects artists with collectors, galleries, and museums. Artists certify their works and request confirmation information from other users such as gallery owners, curators, and museums. Additionally, there is a verification of each user on the marketplace through know-your-customer (KYC) protocols.
Blockparty offers Multichain Minting
Founding Year: 2017
Location: Jersey City, USA
Partner for: Multichain NFT Mining
US-based startup Blockparty provides multichain minting for digital art. Multichain minting transfers the power of ownership to the end-user, allowing them to choose which blockchain protocol to transact over. The startup allows trading over blockparty, Ethereum, and flow blockchains. The creator dashboard enables artists to create unique NFTs, multiple editions, sales, auctions, and collection drops. In addition, it allows collectors to pay with Dollars or Ethereum and provides greater accessibility for artists and collectors alike. Thus, users are able to own unique art pieces while allowing artists to authenticate each of their artworks. Furthermore, through flexible minting, the startup reduces the environmental impact associated with blockchain mining.
Active Image provides an NFT-powered Art Marketplace
Founding Year: 2018
Location: Berlin, Germany
Partner for: Digital Art Marketplace
Active Image is a German startup that builds an NFT-powered art marketplace. All stakeholders enjoy a platform that provides digital uniqueness with NFT and smart contracts as well as protects lasting value for artists and collectors. Verification and recognition technologies on the startup’s app confirm the authenticity and identify counterfeits. In addition, every stakeholder in the marketplace has a profile, fostering authenticity. Through the startup’s solution artists, collectors, and museums avail of a platform for authentic transactions.
Paititi offers an NFT Trading Ecosystem
Founding Year: 2020
Location: Hong Kong, China
Partner for: Art Trade
Hong Kong-based startup Paititi develops a platform for NFT trading. Paititi offers a complete ecosystem for artists to digitize their work into NFTs. It also allows artists to build a community and to monetize their works as well as store and consolidate the data on the blockchain. This allows keeping creations authentic, transparent, and durable while enabling consumers to buy and sell these digital assets without any mediator. Besides digital art, the ecosystem also facilitates the trade of valuable items such as collectibles, autographs, and tickets for events.
Discover more FinTech Startups
FinTech startups such as the examples highlighted in this report focus on blockchain, smart contracts, and user authentication. While all of these technologies play a major role in advancing the financial services industry, they only represent the tip of the iceberg. To explore more financial technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free FinTech Innovation Report to save your time and improve strategic decision-making.