Major Swiss Telecoms Firm Swisscom to Distribute Tokenized Artwork
Major company announced its plans to distribute through its Swisscom TV television network. The was revealed in a press release on May 22.
Per the release, limited artworks — initially 100 works by 30 artists — from selected artists are exclusively available on the Swisscom TV box through the NOOW app. The app was developed by Swiss tokenization startup Dloop. The works have been chosen by Stefanie Marlene Wenger, who commented in the press release on the development:
“This is about more than creating a virtual gallery; the next step will be to include curated exhibitions on the platform and a close collaboration with galleries.”
Since its launch, NOOW app reportedly allows users to select pieces and buy certified copies, which will be issued in limited numbers. The press release claims that digitization has eroded the value of original art by allowing it to be copied without any quality loss.
As the announcement claims, in the Swisscom system “the owner receives a certificate of authenticity and knows how many copies of a work exist.” Basel artist Jonas Baumann is also quoted, praising the distribution advantages of digitization:
“NOOW helps me to bring art to the screen. It also offers new creative opportunities to experiment with animated images and offer them to a wider audience.”
As Cointelegraph in March, the -based art registry startup Artory has acquired auction house database Auction Club.
Also, in May last year that American online art auctioneer Paddle8 and The Native, a tech company, were launching a -based art authentication service.
American billionaire Mark Cuban took the bitcoin world by storm when he revealed his interest in the cryptocurrency and the possibility it may be a bubble.
Mark Cuban is, among other things, an American billionaire, businessman, investor and television personality. He is also known for being one of the main investors on the ABC reality television series, Shark Tank.
Yesterday, Cuban took the bitcoin world by storm when he tweeted about his new-found interest in the digital currency:
I just subscribed to Inside bitcoin, and you should too!
With an extensive resume in the business world and an estimated net worth of 3.4 billion dollars, it’s no wonder that Cuban’s interest in bitcoin has brought confidence to many . However, Mark Cuban later tweeted his thoughts regarding a in the current BTC price.
I think it's in a bubble. I just don't know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble
It is impossible to say with certainty if bitcoin is or isn’t in a bubble as signs pointing towards both possibilities are visible. Although the current price has made Cuban see signs of a bubble, he still recognizes the value in bitcoin as a decentralized payment system, stating:
I’m not questioning value. I’m questioning valuation.
So why is this important at all? Another person getting into bitcoin isn’t really groundbreaking and Cuban only bought in bitcoin to see how it works.
However, it’s worth noting that Cuban’s visibility as a businessman and as a TV personality can go a long way in expanding to traditional investors. Though, the most interesting part is that he wasn’t always a fan of bitcoin.
In a 2014, Mark Cuban told USA Today that despite being “great as an encryption technology,” he didn’t think bitcoin could make it as a global currency, :
I think it’s got no shot as a long term digital currency.
This means that bitcoin’s endurance as an immutable and decentralized payment system is starting to pay off, revealing the true potential of bitcoin as a “long term digital currency.” Not only that, but the value of blockchain technology itself was also underlined in another one of Mark Cuban’s tweets:
I think blockchain is very valuable and will be at the core of most transactions in the future. Healthcare, finance etc all will use it
While the focus created by this recent development has been received as a positive for bitcoin, it is also worth noting that the concerns of a possible cryptocurrency bubble are very real. So much so that have even claimed that Cuban’s tweet regarding the possible bitcoin bubble made the price of bitcoin drop.
So, are we in a bubble? Mark Cuban isn’t the only ‘shark’ that believes this to be true.
, a South African Internet entrepreneur, co-founder & CEO of Civic, and one of the ‘sharks’ on the Shark Tank South Africa version, has expressed similar thoughts.
When asked if bitcoin is currently in a bubble, he :
Yes, but people who called the bubble in 2011 were wrong. It took two years to burst.
Although it’s impossible to point out a bubble with absolute certainty until it pops, one thing is clear: at , bitcoin is nowhere near ready to be adopted by the mainstream as a global digital currency.
If scaling can be , however, there is no telling how high bitcoin can go.
Do you agree with Mark Cuban? Is bitcoin currently in a bubble or is this just the start? Share your forecasts with us in the comment section.
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