What is Fresco FRES?
Through the use of the trusted blockchain technology, the company Fresco is designed to help artists, dealers, investors and galleries connect with like minded people on a global scale. The main purpose is is to let people to evaluate each-other’s work, demonstrate their skills, and find collections to help strengthen their artistic journey. The point is to, in time, create an art value measurement system. Fresco uses FRES tokens to represent evaluations on a trust level for each piece of artwork.
They do this by using an ecosystem that is quantifiable and can be used to evaluate and share artwork. Also, Fresco has pioneered and introduced the token distribution system mechanism and protocol. The Fresco protocol creates an effective contract between users and their artwork.
How Does Fresco FRES Work?
Once the system goes live, Token holders will have the priority to distribute their tokens to different pieces of artwork. Every token is considered spendable through FRES cash, the amount of cash one owns represents the amount of trust a person has in their art and its distribution.
The number of tokens that is give to each piece of art will be the arts trust. Apparently, in the future – it will be considered the only decentralized indicator to show a piece of art’s potential value.
The trust of Fresco FRES reflects the total value of trust that has been given to a piece of art from the previous owners. The trust of FRES is given to each part of the artwork and is anonymous, as well as anonymous in identity. The distribution of the tokens is irrevocable and gives a unique amount of trust value for each piece of art work. The trust is said to be the representation of the market and academic value of a piece of art.
There are two types of art transactions on the network:
- Fresh Art Transactions: The Transaction History of Artworks and any Attached Trust
- Fresh Cash Transactions: Any Transaction History of Fres
The value of trust on a piece of artwork on the FRESCO Platform is accumulated after multiple transactions. The result is a in the form of appreciation for the market value. And when it comes to the FRESCO network, any of the users can then distribute their Fres cash to the different pieces of art they have. The FRESCO Protocol will then generate the digital provenance of different piece of artwork on the brand-new blockchain.
The different transactions and circulation of art pieces have been regulated for centuries. On the level of operation level, the transparency of each transaction is said to be completely authentic. The power of the power is said to be distributed equally between the collectors and artists as well as all involved parties.
Fresco is said to be completely revolutionary and ideal to entire art community. It’s a decentralized ecosystem that is run on the blockchain technology and is attempting to become one of the primary art markets in the world. They want people to operate with complete anonymity, transparency and liquidity, while solving many of the issues that occur within the art community like appraisal and authentication as well as information.
The new technology is said to be highly advanced, rapid and unprecedented. The opportunity is designed to help everyone in the art industry, with the blockchain technology and tokens on the decentralized network. Further than that, the decentralized and self-learning because of the artificial intelligence.
Fresco FRES ICO Conclusion
This is the first eco-system designed primarily for artists and collectors. It’s utilizes the blockchain technology and promises to benefit artists everywhere.