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ARTEIA launches its utility token, ARTK, and a peer-to-peer platform

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Arteia announces the launch of its ICO (Initial Coin Offering). Arteia offers the first comprehensive, advanced technology platform set to empower art collectors by linking a collection management system to a matching platform supported by a provenance tracker. Arteia Collect, launched in October 2018, is the ultimate cataloguing solution to manage any kind of collections and was created by collectors for collectors.

Arteia will open at the end of the ICO it’s decentralized platform allowing art market’s actors to interact around a provenance ledger, to share, study, inventorize, lend and trade artworks through matching marketplaces, in a tokenized ecosystem.

Founded in 2016 in Brussels, and with its first product, Arteia Collect, launched in October 2018, Arteia’s project stems from the desire to bring more transparency and more security to the art world, the project is led by a mix of experts from the art, business and tech field. Its founders, Philippe Gellman (CEO), Marek Zabicki (CTO) and Olivier Marian (CSO),are entrepreneurs and experienced collectors.

Unlike any other known project, the Arteia platform’s MVP will be fully functional at the end of the ICO and will already offer the 5 use cases described in the white paper to the token holders.

We raised already EUR 3 million since the creation of the company to develop our working platform and we are onboarding new collectors every week. Now it’s time to rocket our project on an international basis and an ICO seemed the mos accurate way to get the necessary means and develop a whole tokenized eco-system. We will bring more efficiency and liquidity on the secondary market with much lower fees than on the actual Art market and more transparency creating a universal ledger by anchoring in the Blockchain the provenance of Art pieces.

The Arteia solution powered by our ICO is a promise of greater transparency and more equal distribution for the art market,” comments Philippe Gellman, the CEO of Arteia.

Arteia: the solution for an art market looking for innovation

The art market is one of the last still barely touched by the digital revolution. Art is a very profitable asset class, and art sales have been booming in the past years, partly due to the gradual introduction of online sales and online-only auctions.

However, the market lacks transparency related to artwork provenance, price-setting and commission fees. These problems pave the way for blockchain technology to make a critical and long-lasting impact on the industry by bringing more trust and liquidity to the art market.

Arteia has developed an innovative decentralized peer-to-peer service for artists, collectors, and professionals of the fine art ecosystem: a comprehensive platform to serve the needs of all the actors in the art market.

In this sense, we are proud to have already been able to develop partnerships and solutions with key respected actors in the sector, such as our joint venture with Cahiers d’Art, RAISONLINE, that will be the first  digital catalogue Raisonnesolution anchored to the blockchain.

We create the art world of tomorrow

The total pool of token for this operation is fixed at 400,000,000 (four hundred million) ARTK, the Soft cap for this operation is settled at US $3.5 millioand the Hard cap is at US $15 million. 50% of the tokens will be sold during the ICO.

Token prices will be fixed shortly before the pre-sale and the main sale according to BTC and ETH volatily.

This ICO will be one of the first offering where all 5 use cases described in the Whitepaper will be running and available for token buyers at the end of the fundraising sale period when the toekens are issued.

What use for the ARTK token?

The ARTK token will allow its owner to subscribe to and access the platform’s services directly after the ICO. It will also manage the access to the provenance tracker where artists and estates will be able to store publicly and securely the provenance of their artworks.

The five use cases that will be available for token holders will be:

  1. Subscription to the cataloging solution.
  2. Provenance: adding provenance details of an artwork by the users and consulting the provenance of an artwork.
  3. Matching and allowing both parties to agree on the details of a transaction in a secure and trusted environment provided by smart-contracts powered by the ARTK token.
  4. Lending: allowing collectors to safely lend his artworks to museums and exhibitions.
  5. Showcase: creating a public or private showcase and gain recognition or just share the passion.

In the long run, Arteia’s goal is to become a global platform for the art market actors, with a marketplace supported by our provenance ledger, to trade art works in fiat or crypto currencies. Such a platform will help the digital world of token and crypto to connect with the physical field of art.

Cofounded by collectors and engineers, Arteia uses the finest and latest technologies  including blockchain  to suit the needs of all the actors of the art worldOur teams have been working for three years to develop this product, which is already used by artists and galleries. More than 30 000 artworks are already onboarded, explains Philippe Gellman, CEO Arteia

Blockchain technologies for the highest possible level of trust, security and confidentiality

Created by collectors to meet their needs, Arteia knows the extent to which the security and confidentiality of art collections are foremost. This is why Arteia’s access is protected by Two-Factor Authentication and allows the user to decide where the data is stored (on various hosted servers around the world, or on a personal server disconnected from the Internet).

Arteia also leverages on blockchain technologies to develop its artwork provenance tracker, creating an immutable history of each artwork life. This provenance database will serve as a tool to verify the authenticity of an artwork and to establish the value of the piece. Dealing with artworks with a veritable digital identity will also bring higher trust in the platform. Furthermore, blockchain technologies will enable the creation of immutable digital “catalogues raisonnes” by contemporary artists, creating a complete list of all their works in a simple and secure manner.

Arteia’s blockchain infrastructure will allow peer-to-peer connections between art collectors allowing direct sales,and we are looking forward implementing price predictions and trends analysis to help them make better decisions. In this sense Arteia is a real use case for blockchain technologies: offering transparency and liquidity on the market, it will allow people, to use art as an investment in a rapidly changing digital age, points out Marek Zabicki, CTO Arteia.

 

SOURCE Arteia

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COP28 – The Bermuda Difference White Paper: “Bringing expertise, resource, and finance to the world´s biggest challenge”

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HAMILTON, Bermuda, Nov. 30, 2023 /PRNewswire/ — The Government of Bermuda is pleased to be represented at the COP28 summit in Dubai, scheduled for November 30 – December 12, 2023.

The event will be attended inter alia by the island´s Premier The Hon David E Burt JP, MP and Deputy Premier The Hon Walter Roban JP, MP. The seniority of the delegation reflects the commitment of Bermuda and its people to becoming the climate risk capital of the world, and its key position in oceanic conservation, and as a leader on Net Zero initiatives in its own right.

With this in mind, the Government has published today a White Paper on its approach:

“The Bermuda Difference

Bringing expertise, resource, and finance to the world´s biggest challenge”

The paper and a related video are at the links below:

White Paper – https://www.gov.bm/sites/default/files/2023-11/The%20Bermuda%20Difference%20-%20COP28.pdf

Video – https://youtu.be/qMAaaAf_ETQ

The publications between them highlight Bermuda´s focus:

  • As custodian of the largest maritime area in the world, some 460,000 sq km of ocean, a fifth of which it has designated as an Economic Exclusive Zone (EEZ) protected fully from human activity. Bermuda is also the lead trustee of the dozen or so countries looking after the Sagasso sea, a crucial asset for conservation and spawning.
  • In its expectation of matching or exceed the achievements of some of the leading signatories to Paris, with already 100% replacement of the bus fleet with EVs, on track for 85% reduction in carbon footprint by 2035 and Net Zero by 2050.
  • With the installation 15MW of solar capacity in the last three years, more than many much larger Paris signatory nations have managed.
  • Its stated ambition of becoming the world´s climate risk capital, from its existing position as the underwriting hub of one third of the world´s climate catastrophe insurance.

Minister Roban said:

“The environment, particularly in its maritime aspect, is at the heart of national life and economic policy.  We welcome COP28 as a further opportunity to share and to build on our unique and vital contribution to the planet in this area.

Our world leading insurance and financial services sector plays an ever-growing part in providing security and mitigation for those most affected by climate change.

As the proverb goes, “we inherit from our parents, but are borrowing from our children”. The time for action is now.”

Enquiries:
Simon Brocklebank-Fowler, Firehouse Communications Ltd; +44 (0)7717393772, [email protected]

Local Contact
Michael Brangman, Communication Officer, [email protected]

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Climate Finance Top of the Agenda at The Second Edition of R.A.C.E. Sustainability Summit Held on the Opening Day of COP28 in the UAE

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  • Part of Abu Dhabi Finance Week, R.A.C.E. served as a platform that discussed many critical topics financing the transition to a net-zero economy, climate finance, carbon markets, and sustainable capital markets.
  • Some of the gripping sessions had renowned speakers such as H.H. Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, H.R.H Prince Khaled bin Alwaleed bin Talal Al Saud and Ronald P. O’hanley.

ABU DHABI, UAE, Nov. 30, 2023 /PRNewswire/ — The second edition of the R.A.C.E (Regulation, Awareness, Collaboration, Ecosystem) Sustainability Summit took place today at Abu Dhabi Finance Week (ADFW) presented by Abu Dhabi Global Market (ADGM) in partnership with HSBC. R.A.C.E Sustainability Summit aimed to reaffirm the UAE’s commitment to advancing the global sustainability agenda, capping a series of discussions, insights, and forward-thinking solutions that are set to shape the future of finance.

 

 

During this event, R.A.C.E. delved into the critical question of whether Climate Finance represents the greatest capital reallocation in history. The conference aimed to identify strategies to bridge the USD 11 trillion capital gap between what is required for achieving net-zero emissions and the capital currently available for such initiatives.

The summit focussed on addressing a wide range of topics including financing the transition to a net-zero economy, climate finance, carbon markets, and sustainable capital markets. These discussions were led by prominent figures from the financial and regulatory sectors through keynote addresses and panel discussions.

In tandem, the Global Financial Regulators Summit, a key highlight of the event, presented the outcomes from a pivotal gathering of global financial regulatory leaders, shedding light on the role regulators play in shaping the financial landscape of the future, especially for climate financing.

A keynote speech by Her Highness Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of the UAE Independent Climate Change Accelerators (UICCA) and Founder of the Shamma bint Sultan Sustainability Initiatives Social Enterprise, spoke on reframing the paradigm to emphasising both the investment opportunity and risk mitigation aspect of climate finance to create global financial stability. Other prominent speakers such as Ronald P. O’hanley, Chairman & CEO of State Street Corporation spoke about the evolving strategies of asset managers as they approach transition finance, and H.R.H Prince Khaled bin Alwaleed bin Talal Al Saud, Founder & CEO of KBW Ventures about ‘impact investing’ for investors during a transitioning era.

The event also witnessed 28 new signatories for the Abu Dhabi Sustainable Finance Declaration, bringing the total count of signatories to 145, and showcasing their commitment to sustainability and climate financing.

Among the several announcements during today’s R.A.C.E. Sustainability Summit, the key ones included NinetyOne announcing the firm’s intention to establish a presence at ADGM in 2024 and Independent Financial Services Group – Rothschild & Co., European fast-growing asset manager – Eiffel Investment Group and TimeToAct announcing receiving their In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM.

Other major announcements included, NewVest announcing the world’s first Private Green Energy Transition Funds Index (GET-PIF) which is set to be a capital gateway for private investments critical to supporting successful energy transition.

Commenting on the event, Emmanuel Givanakis, CEO of the FSRA of ADGM stated, “The second edition of R.A.C.E. Sustainability Summit at ADFW has reinforced the importance of the global financial community’s collective commitment to addressing climate change. We are proud to host an event that brings together global thought leaders and experts to explore innovative solutions for a more sustainable future. At ADGM, we see ourselves as an important driving force in the UAE’s journey towards a net-zero future by 2050 as we create an ecosystem with a robust regulatory framework that champions sustainable finance and climate transition. As we stand on the cusp of profound change, our unwavering commitment empowers both the public and private sectors to join forces in closing the green financing gap that expedites the transition to net zero while also shaping the sustainable financial landscape of the future alongside the COP28.”

R.A.C.E served as a pre-prep event for COP28 where critical negotiations related to Climate Finance took place. ADGM plans to continue this conversation at a much higher level at COP28, being the official Principle Climate Finance Partner and hosting the sixth edition of the Abu Dhabi Sustainable Finance Forum (ADSFF) on the 4th of December 2023, convening important decision-makers and contributors to sustainable finance and ESG initiatives across global borders.

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Antarctica Advisors Acts as Exclusive Investment Banking Advisor to Baja Aqua-Farms in its Sale to Conti, Sam Zell, Organización Cultiba, and Castle Harlan Inc.

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BAJA CALIFORNIA, Mexico, Nov. 30, 2023 /PRNewswire/ — Antarctica Advisors International Corp, the leading cross-border Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Mexico’s Baja Aqua-Farms (“Baja” or the “Company”), one of the largest vertically-integrated Bluefin tuna ranchers in the world, in its sale to a world-class investment consortium formed by Paul Fribourg’s Continental Grain Company (“Conti”), Sam Zell’s EGI, Mexico’s Organizacion Cultiba, and Castle Harlan.

Founded in 2000 and headquartered in Baja California, Mexico, Baja Aqua-Farms (www.BajaAquaFarms.com) is located on the Pacific Ocean, in the pristine waters of Baja California. The Company produces fresh top-quality Bluefin Tuna, which is sought out by top chefs and supermarket chains in the US, Japan and around the globe.

The Antarctica Advisors specialized Seafood Team provided the Company with full-fledged M&A advisory services, marketing the opportunity, identifying the investor group and structuring and negotiating the transaction. Our international team worked closely with management and shareholders to bring this highly complex cross-border transaction to a successful completion.

Conti, EGI and Castle Halan are multi-billion US private equity funds with long track records of investing in high-quality food assets around the world. Organization Cultiba (ticker CULTIBA.MX), is a holding company participating in GEUSA, PepsiCo’s exclusive bottler in Mexico, among other assets.

Antarctica Advisors International Corp is a US-based, independent investment banking firm providing international clients in the global Seafood Industry with specialized cross-border, industry-focused M&A advisory as well as private equity and debt capital raising services. 

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