NEM-based startup LuxTag recently reported a collaboration with Malaysian multi-genre artist Poesy Liang in the launch of her online retail shop that sells limited edition prints of her creations, such as "Fly me to the Moon Harry Putter."
World's first artwork in a blockchainPoesy Liang's shop will be accepting cryptocurrency: XEM and Bitcoin. All the items for sale are marked and registered in LuxTag through the NEM platform. This means buyers can track the origins of paintings, their provenance, and add more data to it if they buy the product.
NEM technology is continuously bringing improvements to numerous industries, including the art sector. It can be difficult to track down the origin of an art piece, but blockchain solves this issue easily.
During the launch of Poesy Liang's online shop, Jeff McDonald, co-founder of NEM and Luxtag, dropped by the NEM Blockchain Centre to give a demonstration of their latest collaboration with Poesy Liang. McDonald presented Poesy's artwork to the centre as a gift, and had it registered in the NEM blockchain, which was also made possible by LuxTag. This is a memorable world's first where NEM and LuxTag's use case is showcased through art.
LuxTag enables businesses and their customers to protect authenticity & ownership of their valuable assets by providing digitized certificates using blockchain technology. LuxTag is a well funded startup embarked by a group of technopreneurs who have worked in the blockchain field for half a decade. At LuxTag, we see a great opportunity to reduce costs of current systems and bring a new service to market that has not existed before. Proving this is very well possible, we have created a blockchain-powered application to cater the market of anti-counterfeit, ownership tagging, track & trace, and manufacturer big-data, serving the market with a ready to implement solution.
About the NEM Blockchain Platform
NEM is an "out-of-the-box", enterprise-grade blockchain platform which launched in March 2015. NEM has industry leading blockchain features which include: multi-signature account contracts, customizable assets, a naming system, encrypted messaging, and an Eigentrust++ reputation system. Companies with legacy systems can "plug 'n play" with NEM.
About the NEM.io Foundation Ltd
NEM.io Foundation is registered in Singapore, operating globally. It was launched to promote NEM's blockchain technology worldwide. It is one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry.