Castello Coin: a Token That Connects the Digital and Traditional Art World

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Montreux, Switzerland, 27th April, 2022, Chainwire

Mainstream adoption of cryptocurrency and blockchain technology is inevitable as many traditional institutions have already started experimenting with blockchain-based projects. A new blockchain project - the Castello Coin, eases the process of entering the classical art world by making it easier than ever to take part in the buying and selling of prestigious art.

Castello Coin is an online means of payment for physical artworks, allowing for trading in the same way NFTs are currently bought and sold on online marketplaces. Verification of valuable, physical art has long been an expensive and lengthy process that tokenization can streamline.

Like NFTs, tokenized artworks can be purchased on online marketplaces in the knowledge that their authenticity and ownership can be traced back to their respective blockchain.

The team behind the Castello Coin ($CAST), including an internationally renowned contemporary artist, notes that their reason for its launch is to bridge the gap between the classical and digital art worlds. They envision the token as the future standardized payment method for physical and digital art.

“The utility of the Castello coin is beneficial to both collectors and artists, from the art novice to those more familiar with traditional art. The Castello Coin makes possible the placement of physical art in online marketplaces and breaks down the high barrier of entry faced by less recognized and up-and-coming artists allowing them to showcase their hard work to a broader audience,” said Sven Wenzel, Online Marketing Strategist and one of the creators behind the Castello Coin