Since the emergence of NFTs, platforms have arrived making it possible to ‘mint’ and offer digital creations to anyone with a crypto wallet. This has been a revelation to all creatives whether an amateur or a professional as it has allowed them to find and grow new audiences while creating sales.

The traditional art world has certainly sat up to this new community of potential buyers, with Christies and Sotheby’s managing very successful NFT auctions.

Last year auction houses transacted globally approx. $65bn of traditional art, while NFTs traded $47bn in their first year! The volume of NFTs traded continues to increase and is set to reach $250bn annually by 2025.

With all this activity happening where does it leave the Galleries? With the current global financial headwind and Gallery sales for emerging artists slowing, 1571.io provides the window to offer physical artworks and their digital versions as NFTs. This increases your audience for your physical art and creates a passive income by selling digital versions as NFTs.

1571.io working in partnership with {Adio} will also provide you digital security tags for all your physical artwork and will assist you in the simple onboarding process to get you up and running. By tagging your artists artwork with a p-chip, which is the size of a grain of salt, will give you many advantages from digital COAs to the audiences viewing experience in your Gallery and online. Being able to monetises a real piece of art before it is sold creates the revenue for an artist and Gallery with a new growing audience to sell to.  There are many ways Galleries, and their artists can collaborate with the digital world and 1571.io manages this for you for FREE*

*1571.io charges a proportion of any digital sale transacted through the platform but nothing if a Gallery sells a physical piece to a member of the community. In return 1571.io manages the digital assets of your artists all logged to the blockchain using Chia, a carbon-neutral protocol.

1571.io is working in partnership with globally recognised crypto exchanges and will be the only art offering to their community. The immediate community consists of 3m active traders transacting anything between $50m and $120m per day. This is expected to grow to in excess of 100m users within 6 months.

Isn’t about time we all embraced this digital community and bring beautiful artworks to them?

HISTORY

The Royal Exchange was officially opened on 23 January 1571 by Queen Elizabeth I, who awarded the building its royal title and a license to sell alcohol and valuable goods. Only the exchange of goods took place until the 17th century.

EVOLUTION

A Global online Art Exchange using AI & NFTs to align buyers, galleries & artists - & giving back to the art community thru a sustainable business model that leverages blockchain technology.

Launch Announcement

Datavault® and Red8 Digital, the subsidiaries of Data Vault Holdings and Red Eight Gallery, announced today they will combine their patented pricing, yield management, NFT minting, and crypto anchor technologies into a single platform called 1571. Initially, the exchange will be available worldwide on 1571.io for mobile web, and later this year on both Apple and Google app platforms. The exchange aims to help artists and galleries unlock the full value of their digital art among a wider and emerging new audience. The launch of 1571 will provide a long-awaited digital exchange platform for emerging artists that takes into account leading cyber security, scalable network infrastructure, complete Web3.0 crypto integrations, as well as financial and regulatory practices that provide compliance, transparency and analytics.

“Red Eight is excited to partner with Datavault® and bring our artworks into the digital realm through NFTs (Non-Fungible Tokens). In addition, the ADIO® crypto anchor technology will enable us to present our art collection in a whole new dimension and allow buyers, from around the world, to acquire more information about each piece and verify authenticity while engaging with artists, their galleries, and creative works. In our partnership with Datavault®, we look forward to helping artists and galleries globally, granting them the ability to create additional income through digital sales, while also bringing new and exciting artworks to a wider audience," revealed Julian Usher, CEO of Red Eight Gallery.

“The exchange will provide a display of market conditions, including pricing and the historical performance of digital art, both whole and fractional. The ability to convert gallery-displayed art in London to NFTs, manage and promote the inventory securely, and digitally market and promote the inventory assists in maximising the financial yield for artists and their galleries. Our patented ADIO®  crypto anchors offer unique, physical, and digital security as well as revolutionary Web3.0 anchors. In addition to preserving creation details and blockchain ownership details, they also enable artists and galleries to sell their work within their private and e-commerce networks. "We hope to foster growth within this crucial sector of our communities and economy - the arts," said Nathaniel Bradley, co-founder and CEO of Datavault®.

The joint venture between Datavault® and Red8 Digital is based out of the Red Eight Gallery in London's historic Royal Exchange, which was established in 1571. Apart from using Datavault®’s patented ADIO® crypto anchors for security and marketing, 1571.io will utilise the Datavault Information Data Exchange® (IDE) to showcase the dynamic pricing of NFTs in real-time. The NFTs themselves will be created using the Datavault® platform and will use the Datavault® patented blockchain technology to further protect both the artists and buyers involved in sales transactions.

Datavault®’s ADIO® audio packet technology will be used to direct potential clients of NFTs to landing pages with additional information about the piece or artist, therein creating an immersive experience for its audience whilst providing a route for Red Eight, to sell their artworks online.