Blockchain Press Releases
Artmarket.com: higher Q4 2023 revenue and the connection of its inductive learning proprietary AI tool (Intuitive Artmarket ®) to its databases and its Standardized Marketplace for the certification of primary issues of NFTs
Upcoming news concerning Artprice by Artmarket.com in 2024
PARIS, Feb. 13, 2024 /PRNewswire/ — Artificial Intelligence with Gemini Pro, Chat GPT-5, Art NFTs as seen by Arte TV, Bitcoin ($50 K) and Ethereum, all growing rapidly and all welcome on Artprice.
Artprice is about to introduce its own Intuitive Artmarket ® AI to the Art Market.
Over recent decades, Artprice by Artmarket.com – with its long experience as a pioneer of the Internet since 1987 under its parent company Groupe Serveur – has developed thousands of increasingly powerful and useful proprietary algorithms that have become the foundation of our own artificial intelligence, in strict compliance with all of the various legislative frameworks, notably those regarding personal data protection and intellectual property rights.
The three cornerstones of AI are data, computing power and algorithms. The greater the volume and the higher the quality of the data (standardized big data), the more ‘intelligent’ the models they are used to train become. This process corresponds exactly to the core DNA of Artprice by Artmarket’s operating model which masters both the computer science of programming and the computer science of induction which defines AI.
Our progress in the field of AI was substantially accelerated by our targeted acquisition (initially by Groupe Serveur, then by Artprice) of innovative companies like Xylologic (in 1999) a Swiss company of prestigious scientists (from CERN, WHO, etc.) that was considerably ahead of its time and which already prefigured the birth and development of AI (see our reference document).
A rare occurrence for a company listed on a regulated market, Artprice by Artmarket has twice consecutively obtained the state label “Innovative Company”, subject to strict eligibility conditions, awarded by France’s Public Investment Bank (BPI).
According to thierry Ehrmann, founder of Artprice and CEO of Artmarket.com: “With its proprietary AI – baptized “Intuitive Artmarket ®” – in 2024 Artprice by Artmarket will be able to take each of its 7.2 million customers and members on superb customized journeys of art discovery with lightning speed…
…In the cozy world of major global professional database publishers, it is vital for the long-term development of our industry that we integrate proprietary AI into our core businesses, which is why Artprice by Armarket has acquired a substantial headstart in this domain since 1999 and made 2024 the key year for its Intuitive Artmarket ®. In economic terms, this tool will generate more sophisticated subscription options and therefore more recurring turnover (ARR).
Investors are looking for serious investment opportunities in the field of AI on both sides of the Atlantic.
Our algorithms and billions of proprietary logs along with our texts and tens of millions of artworks from the Artprice databases allow us to identify all the terminology that qualify artists’ universes, their inspiration, the mediums they use, their themes, their shapes and volumes, etc… and then create a syntony by opening up the worlds of the 833,000 artists we follow with their biographies and certified data, going far beyond classic academic visual criteria via the neural networks of our Intuitive Artmarket ® AI.”
Intuitive Artmarket ® will notably calculate the values of artworks based on an analysis of past sales that is specific to Artprice; but it will also be able to anticipate future fluctuations, including for totally unique works. It will also make it possible to identify highly complex transversal artistic trends that largely escape the academic, institutional and university worlds.
Our Intuitive Artmarket® AI will have numerous applications within the scope of Artprice by Artmarket, all offering high-added value and featuring numerous paid services.
Of the many new service projects in 2024 for Artmarket’s clients, we plan to link Intuitive Artmarket® with our Standardized Marketplace® which was created in 2005 and offers over 77,000 artworks at a fixed or biddable price. We also plan to link our Intuitive Artmarket® to all of Artprice by Artmarket’s databases.
Intuitive Artmarket® will constantly assist Artmarket clients – whether art enthusiasts, art market professionals or museum curators – to build and/or manage their collections.
With the analysis of billions of logs, 125 million clipped and tokenized images of artworks, more than ten million auction results (word embedding), Intuitive Artmarket® will be able to provide extremely relevant solutions for customers wishing to start, or manage, an art collection.
To build the collection, Intuitive Artmarket® will provide suggestions for works to acquire based on criteria the client has provided such as the budget allocated over time, the artistic movement(s) the customer is interested in, the preferred medium(s), the favorite artist(s) or similar artists, the preferred dimensions of the works, the favorite acquisition location(s) (in full compliance with the different legislative frameworks on personal data security). It will also be able to identify from the behavioral analysis of the client’s searches certain preferences that neither the client nor an appointed expert might have been aware of. It goes without saying that this analysis via Intuitive Artmarket® will be conducted with the consent of the client as part of his/her paid subscription (in accordance with the terms and conditions enumerated in the General Conditions of Sale and Use attached to his or her subscription).
As regards collection management, Intuitive Artmarket® will update the value of the collection in real-time, not only by taking into account the latest auction results but also by projecting trends with expected results, built on in-depth data analysis.
Intuitive Artmarket® will notify the collector and/or art market professional of sale and/or purchase opportunities, depending on the objectives identified by the collector or the professional over time. These may range from the desire to enhance the pecuniary value of a portfolio to the desire to enhance the artistic value of a collection; everything will be possible via an intuitive configuration.
Contemporary artists will also be able to use this tool to offer their works for sale on our Standardized Marketplace® with higher probabilities of reaching buyers, particularly artists producing NFTs. Bearing in mind all the underlying parameters and data, Artprice is the only platform on the global market that can deal effectively with the certification of primary issues of Art NFTs in an environment of cryptocurrencies alongside the major international currencies.
With Intuitive Artmarket®, it has never been so easy and intuitive to discover the parallel worlds of ‘Online Art’ and ‘Auction House Art’ (we are directly linked to 7,200 auction operators around the world).
In today’s extraordinarily busy world, every minute counts and Intuitive Artmarket® will allow users to explore the Standardized Marketplace® and monitor the global art market with infinitely better results and much more quickly. Less time spent also means less energy spent, which is perfectly in line with Artmarket.com’s eco-responsible approach.
Artificial Intelligence has opened the door to a deluge of IP conflicts such as the legal dispute surrounding Stability AI, the creator of an AI generating synthetic photos, now accused by Getty Images of having extracted millions of images from Getty Images databanks.
ChatGPT is regularly the subject of professional news media headlines like “Is ChatGPT violating copyrights?”… to which the vast majority of lawyers respond that it is nothing more and nothing less than a veritable copyright pillage – and therefore a massive copyright violation engine – which makes OpenAI, for its part, an outright counterfeiter.
And then there is the historic initiative by the Authors Guild, the largest professional association of American writers, which, according to Rolling Stone magazine, filed a class action on 20 September 2023 in a New York Supreme Court against the company Open AI (creator of ChatGPT), accusing it of ‘feeding’ or ‘training’ its large language model (LLM) with their copyright-protected works. Authors Guild President, Maya Shanbhag Lang said, “This is just the beginning… We do not bring this suit lightly. We are here to fight.”
In contrast, Artmarket’s AI (Intuitive Artmarket ®) is based exclusively on its massive proprietary content which is protected under intellectual property law, thereby allowing us to overcome these obstacles and potential prohibitions. In other words, our Intuitive Artmarket ® has no need to look elsewhere for data or for responses to very specific searches from art market amateurs or professionals.
This fact will underpin and generate constant growth in our turnover and guarantee the sustainability of our model, which, in turn, will generate considerable upside potential and peace of mind for Artprice by Artmarket.com’s shareholders. Over the last two decades Artprice has recorded, observed and induced hundreds of millions of human decisions in relation to the art market. This market is of course infinitely complex due to the heterogeneous and singular nature of art on the other hand, and the abstract notion of beauty at the limits of human emotion on the other.
The algorithmic learning that has fueled our AI has allowed Artprice to create AI models that are unique to the specific world of the Art Market and which constitute Artprice by Artmarket’s strongest revenue-generating power.
For over 20 years, Artprice by Artmarket has gradually stabilized its ‘alignment problem’, a key issue for the successful genesis then construction of its AI (Intuitive Artmarket®). For the Artprice group, the so-called ‘alignment problem’ means all of the scientific and ethical questions raised by the relationship of its artificial intelligence system (and its induced results) with the values, expectations and human sensitivities specific to the Artprice by Artmarket group, its clients and the intangible and centuries-old rules of the art market.
Artmarket’s AI (Intuitive Artmarket ®) will be supervised by ‘prompt engineers’, a new career that includes the programming and management of proprietary AI.
The possibilities offered by properly managed AI are therefore immense, which explains its popularity: Microsoft ® Bing Chat now attracts more than 100 million active users per day with a commitment to responsible AI that respects copyright and copyright-related rights.
Microsoft has already started rolling out Bing Chat for Business and Microsoft Copilot in paid subscription mode.
Microsoft’s Copilot® works with GPT-4 Turbo, the new DALL-E 3 model, and is now Microsoft’s spearhead service at the heart of its 365 Business Premium and Business Standard licenses. Indeed, Microsoft has clearly demonstrated that its AI Copilot® is a very powerful accelerator of its sales of ‘365’ subscriptions to its cloud, thereby confirming the viability of this AI economic model for Artprice and its Intuitive Artmarket®.
Via thousands of beta test searches on the art market and on artists, Artprice by Artmarket.com has observed that Bing IA GPT-4 regularly cited Artprice and Artmarket.com URLs in reference to its sources. Microsoft® Bing works in partnership with OpenAI to deliver an experience that encourages responsible use. Likewise, Chat GPT-4 Pro is in paid mode on Apple iOS and Android.
For reference, one of the best-known neural networks is the Google search algorithm that Artprice has studied and analyzed daily since 1999. Since the beginning of 2023, Artprice Inc., our American subsidiary, has been following the development of Google Bard and notably since the release on 8 February 2024 of its Gemini Pro AI with its Ultra 1.0 interface, a direct competitor to GPT-4. Gemini is a prototype chatbot (an experimental conversational AI service) built by Google based on its LaMDA language model. Here too, Artprice engineers measured the searches on Google Bard and Gemini specific to the art market and noted a high volume of responses relative to links to Artprice databases.
One of the G7’s major concerns is the rapid adoption of regulations on AI.
Europe, and particularly France, wants to make the European continent one of the world leaders in AI, and it is interesting to note that the first texts regulating artificial intelligence are currently being passed into law.
“The Council of the European Union approves a text to regulate artificial intelligence”
On Friday 2 February 2024, representatives of EU member states approved new legislation on artificial intelligence. Once voted by the European Parliament, this legislation will constitute a global first. Artprice by Artmarket has participated in the debates that have contributed to this legislation via its lawyers and advisors. This new legislation establishes specific constraints, notably regarding personal data, as well as copyright protection and thorough source quotation.
Initially drafted in 2021, the first version of the text had to be completely overhauled because of the evolution of artificial intelligence in recent years.
The European project to regulate artificial intelligence (AI) reached a new milestone on Friday, 2 February 2024. “Today the 27 Member States unanimously approved the political agreement concluded in December recognizing the balance found by the negotiators between innovation and security”, announced the European Commissioner for the Internal Market, Thierry Breton, on X. The negotiators of the European Parliament and the Council, co-legislators, had reached an agreement in principle on 8 December 2023.
The regulation, called the “AI Act”, aims to regulate both the use and the development of artificial intelligence. It is the first such legislative framework in the world. According to a press release from the European Parliament in December 2023, the text “aims to ensure that fundamental rights, democracy, the rule of law and ecological sustainability are protected against high-risk AI, while boosting innovation and making Europe a leader in the field”.
Certain uses of these new technologies will be prohibited, such as social rating and behavior manipulation. The most risky practices will have to meet reinforced requirements, such as an obligation of transparency or the implementation of human control over the software.
These various provisions and amendments are very positive for Artprice by Artmarket.
According to the best Anglo-Saxon financial analysts, who are one step ahead of Europe on this subject, the only economically viable model – i.e. one that does not expose the economic entity (whatever its size) to incessant legal proceedings – is an AI-based on an extremely well-defined economic segment.
The economic segment must have information that plays an absolutely vital role, full intellectual property of the entirety of Big Data (including Data Mining), of the copyright and related rights confirmed on all algorithms, databases, with machine learning (deep learning) and neural networks.
In short, the AIs that will triumph with very substantial economic gain and without major industrial or legal risk, are the economic entities that own, in full intellectual property, all of the different stages of the proprietary AI in a defined market segment where expensive high added-value information plays a vital role. And this is exactly the case of the Intuitive Artmarket ® AI developed by Artprice by Artmarket.com
Our Intuitive Artmarket ® AI has been designed in total recognition of this reality.
The following paragraph was largely generated by our Intuitive Artmarket ® AI system
According to thierry Ehrmann, a pioneer of the Internet and databanks since 1987 with his Groupe Serveur, parent company of Artprice (Who’s Who In France biography: https://imgpublic.artprice.com/img/wp/sites/11/2024/02/2024_Biographie_thierry_Ehrmann_WhosWhoInFrance.pdf), and Founder of Artprice & CEO of Artmarket, the Group’s guiding principle for its AI is very simple: “There cannot be artificial intelligence without human intelligence”.
The certification by Artprice of NFT primary issues
Release of the ARTE documentary in 5 languages: “NFT, Chaos in the art world“
https://www.arte.tv/fr/videos/RC-024624/nft-chaos-dans-le-monde-de-l-art/
Throughout this documentary, thierry Ehrmann, visual artist, NFT artist and Founding CEO of Artprice.com, delivers his analysis accompanied by other artists, experts and international players in the world of Art NFTs.
Any attempt to understand the significance of NFTs in Art History requires an appreciation of the digital and cultural revolution that they represent and some kind of prediction regarding their role and impact over the short and medium term.
Artprice by Artmarket.com can confirm that for the first half of 2024, the Art NFT phenomenon is becoming a lasting segment of the art market on all continents, with new legislation that is currently much more favorable in the USA. Meanwhile, European lawmakers are working on a regulatory framework that will prevent cryptocurrencies being used for money laundering and bring confidence to consumers, investors and operators.
This framework has been the subject of studies, conferences and proposals to major French and European government bodies by the Art & Law Institute with which Artprice by Artmarket has been heavily involved as a historical member since 1997.
According to thierry Ehrmann “In its various annual reports on the Art Market and the regulated information it publishes as a listed company, Artprice by Artmarket.com has always said with regard to NFTs that it is impossible to apprehend this new market without a true understanding of Blockchain, crypto-currencies and their cultural origins among the Cypherpunks (period of PGP-type data encryption at the beginning of the 1990s).”
Indeed, OpenSea, the leading NFT platform, itself declared that 80% of primary issues of Art NFTs are likely to impact third-party intellectual property rights. Faced with this observation, Opensea announced it is considering solutions to counter this problem and thereby protect sellers and buyers. This can only lead to the certification of the primary issue market by Artprice.
Bearing in mind all the underlying parameters and data required, Artprice by Artmarket is the only organization on the global art market to be able to truly respond to the certification of primary issues of Art NFTs in an environment of cryptocurrencies and major international currencies.
This capacity to certify the primary issues of Art NFTs is based on the fact that Artprice by Artmarket has been the Global Leader in Art Market Information for more than 27 years and is the creator and owner of its globally recognized databases. It also has the world’s largest documentary collection of art market notes, manuscripts, codices and annotated sales catalogs from 1700 to the present day, which act as a guarantee of the authenticity and historical veracity of its databases.
More precisely, we cannot allow the offer of an artwork or of an Art NFT to be posted online without validation of the identity of the artist and of the professional seller, via a very strict and draconian control procedure. In the context of the sale of NFTs, this is all the more important as there is a certain laxity at this level, which has led to numerous problems on other sites.
The added value of Artprice by Artmarket is quite simply its knowledge of the artists, either through their previous auction results or through their emerging notoriety. In addition, an Artprice Intranet messaging system is made available to buyers and sellers, so that they can agree on their transaction in a confidential and consensual manner.
With its Metaverse – the ultimate and inevitable outcome of the NFT revolution – Artprice by Artmarket aims to be the most successful and competitive Art NFT platform.
The Metaverse will guarantee the exponential and continued growth of the art market through NFTs. Alongside the Metaverse, there is the Blockchain and its smart contracts to allow fair remuneration for artists, with copyright bodies such as the ADAGP (in France), to which Artprice has long been affiliated in order to support artists.
Three years ago Artprice recognised that Ethereum would become the reference Blockchain for smart contracts in the Art NFT Market. Christie’s 3.0 is also based on the Ethereum Blockchain since 2022.
According to a study conducted by Artprice by Artmarket:
“All of the art market’s market-makers, and in particular the majority of its auction houses around the world, now have an NFT department for cataloged and online sales throughout the year. Likewise, all the major structures in the museum /art gallery industry are starting to publish their own NFTs. The vast majority of the major players in the art market have chosen the Ethereum Blockchain whose smart contract ensures a transparent and tamper-proof market.
Digital Art – first created in the 1980s – is finally emerging and is appealing to nearly half a billion Art NFT enthusiasts at costs that are now very accessible. The authenticity and traceability of the purchase or sale of Art NFTs is now guaranteed by Blockchain. Samsung TV’s Tizen OS, loaded on several hundred million Smart TVs, offers direct access to the ” NFT Art” application among its automatically installed apps, between Netflix and YouTube.
There are already more than 54,000 artists identified by Artprice who directly produce their NFTs for their buying public, and this is only the very beginning of a total paradigm shift.
According to many sociologists, art historians and analysts, the advent of NFTs is a major event that definitively modifies the structure of the art market and its players as it has been since 1950.
Artmarket.com: after including cryptocurrencies alongside traditional currencies for auction results in 2022, the Artprice Standardized Marketplace® has now integrated Bitcoin and Ethereum for buying and selling artworks
thierry Ehrmann, the CEO of Artprice by Artmarket: “We were patiently waiting for the right moment to launch this key deployment in the history of Artprice by Artmarket in the best conditions for both the art market and for cryptocurrencies. It is now time for us to take the step of deploying our authoritative Standardized Marketplace® and opening it to the world of cryptocurrencies and NFTs, by entering Web 3.0. which is quite simply the immediate future of the Internet. This step would not have been possible without the knowledge and experience of Artprice, which has been the Global Leader in Art Market Information for more than 25 years.
Every day Artprice’s Standardized Marketplace® offers more than 77,000 artworks from all over the world. These works are bought and sold by 7.2 million customers and members of Artprice, generating an annual trading volume estimated at several hundred million euros. This platform demonstrates the trust built over more than 18 years between buyers and sellers. It was therefore natural that after adding cryptocurrencies to the means of payment, Artprice should also endow the platform with a new category/medium, Art NFTs, as a sign of their legitimate entry into Art History and the history of the art market.”
The decision to quote cryptocurrency prices on our Standardized Marketplace® was taken after a long and careful observation of an increasing consultation of auction results in Bitcoin and Ethereum across all of Artprice’s databases since their effective integration into our system in September 2022.
These two main cryptocurrencies (ETH and BTC) account for more than 92% of the total value of the approximately 23,000 currently existing cryptocurrencies (excluding stablecoins).
By analyzing its hundreds of millions of connection logs, Artprice has observed – over 17 months – a regular increase in consultations of the Bitcoin and Ethereum prices in its databanks, which are now, in statistical terms, close to the consultations of the major international reference currencies such as the dollar, the euro, sterling and the yen.
This evolution at Artprice reflects the growing place of cryptocurrencies in the mentalities and habits of art professionals as well as among collectors and art enthusiasts.
But the major event in cryptocurrencies is notably BlackRock’s (the largest asset manager in the world) and Fidelity’s introduction of ETFs directly invested in Bitcoin (Bitcoin spot ETFs) authorized by the SEC on 11 January 2024. This is a real consecration for Bitcoin which on 9 February 2024 was quoted at around 49,000 dollars, while Ethereum was at $2,500 (ETH ETFs are expected very soon).
BlackRock and Fidelity have achieved the best ETF launches in 30 years thanks to Bitcoin. In their first month of trading, the “IBIT” and “FBTC” funds raised $6.5 billion, which is more than any of the 5,500 other index funds launched before them (according to Les Échos of 10 January 2024: “Bitcoin ETF: the SEC opens the doors of Wall Street wide to Bitcoin“.
This is a new record for Bitcoin. Of the 5,535 ETFs launched over the last thirty years, none have gotten off to such a strong start as BlackRock’s ‘IBIT’ and Fidelity’s ‘FBTC’, said Bloomberg expert Eric Balchunas.
This allows retail and professional investors to gain exposure to the largest cryptocurrency by market capitalization, without having to directly hold the asset.
Via cryptocurrencies, new collectors and art enthusiasts have been attracted to the art market, often younger than their predecessors. Not averse to speculation and the excitement of taking risks, these art enthusiasts and collectors solidly welded to their crypto-universe of Web 3.0.
The near future of Artprice by Artmarket is the meeting place between Web 3.0. (Metaverse and NFT) and Artprice’s artificial intelligence, its Intuitive Artmarket ® AI.
For this reason, Artprice is currently finalizing the Metaverse of its head office located in the heart of its illustrious L’Organe, Museum of Contemporary Art which manages the Demeure du Chaos / Abode of Chaos (dixit The New York Times). To create the Metaverse of this edifice with its highly singular architecture (that falls into the category “total work of art”) created by thierry Ehrmann (who is also a visual artist), the European group TT Géoomètres Experts with its 3D Lab and Groupe Serveur (Artprice’s parent company) carried out the complete digitization of the 6,300 artworks integrated into the buildings, offices, outbuildings and surrounding walls, covering a surface area of over 7,555 m², leading to the creation of a digital asset of 12 terra-bytes. This work was conducted from 2018 to 2023. For more information see:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
All the necessary investments have already been fully covered by Groupe Serveur.
The Artprice Metaverse, accessible in AR (augmented reality) and/or VR (virtual reality), currently being finalized, must be designed to make people forget rigid IT with Web 2.0, a real obstacle to creation. It should allow crypto-universe enthusiasts to live their experience fully, in particular through the general release in the USA on 2 February 2024 of the Apple® Vision Pro, which offers spatial computing. Meanwhile, all of the American tech giants are massively investing in AR/VR headsets and glasses.
Furthermore, the difficult economic context did not stop Ethereum’s transition to “The Merge” on 15 September 2022 for the completely decarbonized Ethereum 2.0 Blockchain (against the backdrop of a global energy crisis. Indeed, according to its Founder Vitalik Buterin, thanks to “The Merge”, the electricity consumption of the ETH Blockchain shrank by more than 99.95% by switching from ‘Proof of Work’ (PoW) to ‘Proof of Stake’ (PoS). The year 2024 will see the new version “The Surge” (EIP-4844) allowing transaction costs to shrink as well (Source Ethereum Foundation).
The near future is approaching fast and Artprice by Artmarket is at the forefront of this paradigm shift.
Images:
[https://imgpublic.artprice.com/img/wp/sites/11/2024/02/image1_ai_intuitive_artmarket.jpg]
[https://imgpublic.artprice.com/img/wp/sites/11/2024/02/image2-ghost-ship.jpg]
Copyright 1987-2024 thierry Ehrmann www.artprice.com – www.artmarket.com
- Don’t hesitate to contact our Econometrics Department for your requirements regarding statistics and personalized studies: [email protected]
- Try our services (free demo): https://www.artprice.com/demo
- Subscribe to our services: https://www.artprice.com/subscription
Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
See certified biography in Who’s who ©:
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years ) in databanks containing over 30 million indices and auction results, covering more than 825,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket publishes its 2023 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023
Artprice by Artmarket’s Global Art Market Report, “The Art Market in 2022”, published in March 2023:
https://www.artprice.com/artprice-reports/the-art-market-in-2022
Index of press releases posted by Artmarket with its Artprice department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 6.5 million followers)
Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos / Abode of Chaos
GESAMTKUNSTWERK & SINGULAR ARCHITECTURE
Confidential bilingual work now public:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
- L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
- www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (over 4 million followers)
- https://vimeo.com/124643720
Contact Artmarket.com and its Artprice department – Contact: Thierry Ehrmann, [email protected]
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Logo – https://mma.prnewswire.com/media/2260897/4543220/Artmarket_logo.jpg
Blockchain Press Releases
MEXC Announces Einstein (EIN) Listing in July, 50 Million EIN Rewards Event Launches Now
VICTORIA, Seychelles, May 16, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has announced that it will list Einstein (EIN) on July 20, 2025 (UTC). Ahead of the listing, MEXC will launch two exclusive events this May with a total reward pool of 50,000,000 EIN, offering users the opportunity to discover promising projects and earn attractive rewards.
Einstein is an innovative social experiment combining scientific knowledge with the Web3 ecosystem. The project invites participants to explore the intersection of cryptocurrency, blockchain, decentralized science (DeSci), cosmology, and physics. By fostering a spirit of intellectual curiosity and discovery, Einstein aims to reveal the potential synergies between scientific inquiry and blockchain technology.
The EIN token serves as the governance and fee token within the Einstein Protocol. It is utilized for synthesizing, upgrading, downgrading, and decomposing element tokens. All protocol fees are burned, giving EIN a deflationary utility.
MEXC will launch two exclusive events from May 18, 10:00 to July 17, 10:00 (UTC), with the following key details:
Event 1: Einstein (EIN) Launchpool – Stake USDT & MX to Share 42,500,000 EIN
Users can stake USDT or MX tokens via MEXC Launchpool to earn EIN tokens. The staking mechanism is straightforward: the more users stake, the more they earn. In addition, users who stake MX tokens will also qualify for parallel participation in Kickstarter airdrop events, allowing users to earn double rewards.
Event 2: Invite New Users & Share 7,500,000 EIN
Users can earn 400 EIN for each friend who registers using their referral code, deposits a minimum of 100 USDT, and joins the Launchpool event. Each user can invite up to 20 new users for a maximum reward of 8,000 EIN. Rewards will be distributed on a first-come, first-served basis.
MEXC has established itself as an industry leader by consistently providing users with early access to promising projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, the exchange has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain
Blocks & Headlines: Today in Blockchain – May 15, 2025 (BTC’s Push, Pi Network Fund, Stablecoin Levers, JPM Pilot, OKX × Man City)
Every trading day, Blocks & Headlines decodes the most significant moves in blockchain technology and cryptocurrency, blending market updates, strategic analysis, and thought—so you can stay ahead in Web3’s fast-moving world. Today’s briefing zeroes in on five game-changing developments:
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BTC’s $58 Million Raise for ETH Purchases – Bitcoin miners diversify treasury strategies.
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Pi Network’s $100 Million Ecosystem Fund – A mass-user blockchain backs its next growth stage.
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Three Levers to Drive Stablecoin Public-Sector Adoption – Regulation meets innovation.
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JPMorgan’s Landmark Blockchain–TradFi Pilot – Institutional rails cross the blockchain chasm.
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OKX Rolls Out Alt Manchester City Campaign – Crypto sponsorship enters the football pitch.
Together, these stories highlight key themes: treasury diversification, community-driven funding, regulatory frameworks, institutional integration, and mainstream partnerships. Read on for detailed analyses—and what each means for your crypto strategy.
Introduction: The New Vistas of Blockchain
Blockchain’s evolution this spring underscores a pivotal shift: from pure speculation to strategic deployment. Bitcoin miners, long reliant on transaction fees and network incentives, are now allocating capital to Ethereum, signaling maturation in treasury management. Meanwhile, user-centric chains like Pi Network are mobilizing massive funds to underwrite decentralized app ecosystems. Governments and regulators, too, are pivoting toward structured frameworks—envisioning stablecoins as pillars of public-sector modernization. At the same time, legacy finance players like JPMorgan are testing blockchain rails for cross-border value exchange, while leading exchanges pursue high-profile sporting partnerships to prime global audiences for crypto adoption.
These diverse developments convey one clear message: blockchain is entering its juggernaut phase, where strategic capital deployment, regulatory alignment, and mainstream integrative efforts coalesce to propel Web3 into the next chapter. In this briefing, we unpack each story’s nuances, assess market and technological impacts, and offer takeaways for investors, developers, and institutional players alike.
1. BTC’s $58 Million Raise to Bolster ETH Purchases
What Happened: On May 14, Bitcoin miner collective BTC’s Push announced a successful $58 million secondary raise aimed squarely at funding strategic Ethereum acquisitions for staking and DeFi yield farming purposes. This follows earlier Treasury diversification moves by Marathon Digital and Riot Platforms, but on a larger, coordinated scale.
Source: The Block
The Mechanics of the Raise
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Participants & Structure: The round drew in leading crypto funds—Multicoin, Paradigm, and Pantera—via convertible note instruments, offering 8% interest and a conversion price tied to a 10% discount on ETH’s 30-day volume-weighted average price.
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Allocation Strategy: Proceeds will funnel into direct ETH purchases on major spot venues and institutional OTC desks, with a tranche reserved for Liquid Staking Derivatives (LSDs)—including Lido and Rocket Pool tokens—to capture liquid yields.
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Rationale: Facing compressing Bitcoin margins amid halving-driven scarcity of block rewards, miners are diversifying into Ethereum’s staking economy, capitalizing on predictable APRs (currently ~4.5%) and burgeoning DeFi revenue streams.
Market Implications
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Cross-Chain Treasury Management: BTC miner allocators validating ETH staking signals an era where major protocol economies interweave on the balance sheets of institutional crypto actors.
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Downward Pressure on Spot ETH: Large-scale spot purchases typically buoy prices, but strategic accumulation via OTC may mute volatility—beneficial for staking yield stability.
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LSD Adoption Accelerates: With up to 20% of ETH purchases earmarked for LSDs, native staking derivatives gain further legitimacy, nudging stakeholders to re-evaluate liquid vs. locked staking trade-offs.
Opinion & Outlook
This raise epitomizes institutional sophistication in digital-asset portfolio engineering. Miners are not merely selling BTC to cover expenses; they’re actively deploying capital into interoperable blockchain yield instruments. As ETH’s transition to proof-of-stake matures and DeFi yields remain attractive relative to Bitcoin mining profits, expect more multi-protocol treasury plays—potentially extending to Solana LPs or Avalanche staking pools. For retail and institutional investors alike, these treasury trends suggest durable demand for ETH and LSDs, underpinning mid-term price support.
2. Pi Network Launches $100 Million Ecosystem Fund
What Happened: The Pi Network team unveiled a $100 million ecosystem fund dedicated to nurturing dApp developers, infrastructure providers, and NFT artists building within its rapidly scaling mobile-first blockchain.
Source: Cointelegraph
Fund Structure & Goals
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Capital Allocation:
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40% to Core Infrastructure: Node incentives, RPC services, indexing tools.
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30% to dApp Grants: Particularly financial inclusion, micro-lending, and social-commerce protocols.
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20% to NFT & Creator Programs: Artist residencies, marketplace subsidies.
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10% to Strategic Acquisitions & Partnerships: Cross-chain bridging, zk-rollup integrations.
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Governance Model: Pi Council, comprising core team members and community-elected ambassadors, will vote on disbursements via on-chain proposals—ensuring decentralized stewardship.
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Timeline: Initial $20 million tranche deployed in Q3 2025, with the remainder unlocked quarterly based on network milestones (daily active users, transaction volume, token velocity).
Relevance & Potential
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Mass-User Onboarding: With over 50 million active mobile miners, Pi Network boasts one of the largest captive user bases. Financing dApps tailored to these users could drive real transactional utility—beyond token speculation.
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Community-First Funding: By embedding governance in the Pi Council, the fund aligns incentives with grassroots builders—potentially reducing centralized bottlenecks seen in other ecosystem grants.
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Web3 Democratization: Pi Network’s mobile focus and low-fee architecture positions it to capture under-banked populations—a key frontier for on-chain financial inclusion.
Opinion & Outlook
The $100 million fund is a bold statement: Pi Network is shifting from token distribution hype to ecosystem activation. Success hinges on execution discipline—allocating capital to apps that deliver real-world value and user retention. Should Pi spawn breakout dApps in micro-lending or gig-economy payments, it could validate the “mobile-first blockchain” thesis and challenge established Layer 1s. Conversely, failure to catalyze genuine activity risks relegating Pi to another empty token play. Builders and investors should watch Pi’s Q3 performance metrics closely: active throughput and token velocity will be leading indicators of sustainable growth.
3. Blockchain Regulation & the Public Sector: Three Levers to Drive Stablecoins
What Happened: In a detailed analysis for Funds Society, blockchain policy experts identified three critical levers governments can deploy to accelerate stablecoin adoption in public-sector use cases: 1) Regulatory clarity via bespoke stablecoin frameworks, 2) Central bank digital currency (CBDC) interoperability mandates, and 3) Fiscal stimulus pilot programs.
Source: Funds Society
The Three Levers Explained
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Bespoke Stablecoin Regulation:
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Crafting targeted laws—distinct from securities or money-transmission statutes—can streamline issuer licensing, reserve requirements, and custody standards.
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CBDC Interoperability Mandates:
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Mandating APIs that allow stablecoins to seamlessly transact with emerging CBDCs (e.g., the e-Euro) prevents fragmentation and spurs innovation.
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Stimulus & Grant Pilots:
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Direct funding of social benefits via approved stablecoins (e.g., for disaster relief or tax rebates) bootstrap user familiarity and network liquidity.
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Broader Implications
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Public-Private Collaboration: Co-designing frameworks with established issuers (Circle, Paxos) and DeFi protocols (MakerDAO) ensures regulations accommodate on-chain composability.
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Financial Inclusion: Well-regulated stablecoins can deliver faster, cheaper payouts to under-served communities—particularly across EU-Africa corridors.
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Monetary Stability: Clear guidelines on reserve management and auditing bolster confidence, reducing redemption risk and contagion from issuer failures.
Opinion & Outlook
Stablecoins are the on-ramp to blockchain-based public finance. Yet, regulatory ambiguity has constrained adoption to niche corporate pilots. By wielding these three levers, policymakers can foster a harmonized, innovation-friendly environment—balancing risk mitigation with pace. For blockchain firms, engaging early in consultations and sandbox programs is vital. And investors should track jurisdictions piloting stablecoin grants—these will likely become blueprints for global standard-setting.
4. JPMorgan Bridges Blockchain and TradFi in Landmark Pilot
What Happened: JPMorgan executed its first public blockchain pilot facilitating an institutional cross-border payment between its New York and London operations, using Quorum-based channels and a tokenized USD settlement layer.
Source: CryptoSlate
Pilot Details
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Settlement Tokens: JPM Coin (ERC-20), temporarily bridged via a permissioned Ethereum sidechain.
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Transaction Flow:
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NY branch issues JPM Coin to London counterparty.
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Smart contract escrow holds tokens until KYC/AML checks complete.
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Tokens redeemed and fiat disbursed in local currencies.
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Performance Metrics: Settlement finality in <2 minutes (vs. 3–5 business days for SWIFT), throughput of 1,000 txs/sec, and integrated compliance reporting.
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Next Steps: Scaling to 10+ global corridors, public-private partnerships with central banks exploring wholesale CBDC pilots.
Significance
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TradFi Embrace of Permissioned Chains: A tacit acknowledgment that blockchain can enhance—not replace—existing rails, offering efficiency gains while preserving compliance controls.
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Tokenized Fiat’s Viability: Demonstrates tokenization is not academic—banks can leverage stable, permissioned tokens to slash operational costs and risks.
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CBDC Synergies: Success of JPM Coin pilots lays groundwork for eventual CBDC–stablecoin interoperability and reduces friction in wholesale liquidity management.
Opinion & Outlook
JPMorgan’s pilot is more than a proof-point; it’s a template for global banks to integrate blockchain pockets within legacy infrastructure, extracting value without wholesale disruption. Traditional financial institutions should monitor results closely—particularly the compliance integration and counterparty risk profiles. Meanwhile, DeFi advocates must acknowledge that permissioned blockchains will coexist with public networks, forming a hybrid financial ecosystem. As central banks advance CBDC initiatives, banks already comfortable with tokenized settlement gain a critical head start.
5. OKX Launches Alt Manchester City Campaign
What Happened: Leading crypto exchange OKX unveiled a multi-year sponsorship campaign with Manchester City FC, launching in-stadium NFT activations, fan token incentives, and Web3 watch parties across global OKX lounges.
Source: PR Newswire
Campaign Highlights
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Fan Token Airdrops: Exclusive MCFC NFTs drop via OKX app at key Premier League matches.
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Stadium Engagement: AR experiences—scan stadium QR codes to unlock private token presales and digital memorabilia.
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Global OKX Lounges: Co-hosted events in Dubai, Singapore, and New York, featuring live match streaming with crypto-themed commentary.
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Charity Tie-In: A portion of secondary NFT sales funds City in the Community foundation projects.
Market & Cultural Impact
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Mainstream Awareness: Tapping Premier League’s 1 billion+ fanbase amplifies crypto legitimacy beyond niche circles.
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Fan Token Renaissance: After token hype waned in 2022, OKX’s integrated approach—blending NFTs and real-world utility—may reignite engagement.
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Regional Growth: Local activations in Asia and Middle East signal OKX’s strategic focus on fast-growing crypto markets hungry for experiential marketing.
Opinion & Outlook
OKX’s Manchester City partnership exemplifies crypto’s turn toward lifestyle branding, where fan loyalty and digital asset ownership intertwine. Success metrics will extend beyond token trading volumes to user-retention, event attendance, and charitable outcomes. Other exchanges and NFT projects should note the power of hybrid physical–digital activations: real-world events lend tangibility to virtual communities, critical for long-term adoption. As sports franchises increasingly seek blockchain partners, expect a new wave of Web3 stadiums, in which every seat becomes a node in a global fan network.
Conclusion: Five Takeaways for Blockchain Stakeholders
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Inter-Protocol Treasury Moves: BTC miners backing ETH demonstrates that savvy actors view blockchains as interlinked asset classes—prompting reevaluation of single-chain investment strategies.
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Community-Governed Ecosystem Funds: Pi Network’s $100 million push underscores the necessity of decentralized governance and milestone-based funding to catalyze genuine on-chain activity.
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Regulation as Enabler: Structured stablecoin frameworks, CBDC interoperability, and stimulus grants illustrate how public-sector levers can accelerate blockchain’s maturation and real-world use cases.
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TradFi Co-Optation of Blockchain: JPMorgan’s pilot shows that traditional banks will increasingly embed permissioned tokens and smart-contract rails into core operations—integration, not replacement, is the watchword.
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Mainstream Partnerships Fuel Adoption: OKX’s Man City campaign spotlights the power of mixing digital assets with live events to onboard mass audiences and give blockchain a cultural foothold.
As blockchain’s infrastructure deepens—from miner balance sheets and institutional rails to fan experiences and public-sector deployments—stakeholders must adopt a multi-vector lens: blending treasury strategy, regulatory engagement, technological integration, and experiential marketing. Tomorrow’s top headlines will hinge on how well projects and institutions navigate this complex ecosystem—so stay tuned, stay diversified, and keep validating your own node of opportunity in Web3’s grand experiment.
The post Blocks & Headlines: Today in Blockchain – May 15, 2025 (BTC’s Push, Pi Network Fund, Stablecoin Levers, JPM Pilot, OKX × Man City) appeared first on News, Events, Advertising Options.
Blockchain Press Releases
HTX Hot Listings Week 6 May 2025: Top Gainer Up 521% as Bitcoin Breaks $100K Again
SINGAPORE, May 15, 2025 /PRNewswire/ — As Bitcoin surged back above $100,000, the crypto market saw a notable resurgence in trading activity and investor enthusiasm over the past week. On HTX, several trending tokens—spanning Solana Memecoins, Ethereum Memes, AI, and Restaking sectors—recorded sharp gains and significant trading volume from May 6 to May 12. Below are the recently standout tokens based on 7-day performance:
Solana Meme Sector
MOODENG (+521%)
Inspired by the viral pygmy hippopotamus “Moo Deng” in Thailand, this token combined community-driven buzz and the surging popularity of Solana Meme coins to become the week’s most impressive gainer, skyrocketing over fivefold.
For details, please read: What is MOODENG?
GOAT (+164%)
As the First meme coin created by truth_terminal, GOAT is inspired by a notorious internet meme and becomes a symbol of the AI’s capacity for randomness, disruption, and memetic influence. Positioned at the intersection of AI and meme culture, GOAT quickly captured market attention with over $200 million in trading volume just days after its launch.
For details, please read: What is GOAT?
PNUT (+147%)
PNUT pays tribute to Peanut the Squirrel, which was taken away by NYSDEC and euthanised. It blends political satire with meme culture, gaining further attention after Elon Musk reposted related content on X, driving strong community engagement.
For details, please read: What is PNUT?
GRIFFAIN (+78%)
Griffain is a blockchain-based AI platform designed to operate within the Solana ecosystem. The project focuses on creating a robust and scalable DeFi solution that supports seamless token swaps, liquidity provision, and ecosystem growth. It aims to empower users with efficient tools for trading and managing digital assets while maintaining transparency and decentralization as core principles.
For details, please read: What is GRIFFAIN?
Ethereum Meme Sector
NEIRO (+104%)
NEIRO is the Shiba Inu who has gained popularity on social media, similar to Kabosu (DOGE). As a retro-style Ethereum meme token, NEIRO taps into nostalgia with classic meme aesthetics and narrative playbooks. Its rapid rise last week signals renewed interest in vintage meme formats.
For details, please read: What is NEIRO?
PEPE (+80%)
PEPE leverages the cultural significance of the meme, positioning itself in the meme coin market alongside Dogecoin and Shiba Inu. It has no intrinsic utility beyond speculative trading, with its rapid rise fueled by social media, exchange listings, and the overall meme coin trend. The token’s resurgence affirms its solid community foundation and lasting appeal.
For details, please read: What is PEPE?
DEGEN (+161%)
Degen started as a meme token on the BASE chain for rewarding participants in the Farcaster Degen channel but gained quite some attention due to its performance in the secondary market.
For details, please read: What is DEGEN?
AI & Restaking Sectors
KAITO (+113%)
KAITO is the native token and the fundamental building block of the AI-powered InfoFi network. It helps shape the direction of the ecosystem by influencing how attention is allocated across the network.
For details, please read: What is KAITO?
ETHFI (+98%)
ETHFI is the token of Ether.fi, which is a non-custodial liquidity staking protocol that allows stakers to maintain control over their private keys, thereby ensuring the security and autonomy of their assets.
For details, please read: What is ETHFI?
*The above content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.
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