The Digital World ... Blockchain | NFTs | Authentication | Augmented Reality (AR)

The future of the auction industry is in technology by transporting physical items to the digital world and introducing digital technologies to physical items. House of Craven is extremely bullish on Blockchain | NFTs | Authentication | Augmented Reality (AR) since the evolution of technology allows you to buy physical art from our auctions, but then you can verify the authenticity through a chain of custody via Blockchain; the insertion of scannable, traceable chips; and/or the minting of NFTs.

The benefits of Blockchain for the collector are: (1) maintaining the anonymity of the collector since Blockchain provides public data about works of ART without revealing the identity of the collectors; and (2) Blockchain is certifying the collector's property in the event of theft, loss or destruction of an artwork and its legal documents, the owners may be able to prove their ownership rights to insurance companies, for example.

ART, which has long been confined to physical galleries, is now flourishing in digital spaces. This shift has democratized art ownership, enabling artists to reach a global audience and receive direct support from collectors. 

The authentication of items is important. House of Craven uses blockchain technology to center around the authentication of the transaction and the authentication of the item by using trace technology and by creating an innovative digital signature on everything. An NFT is minted and scannable. And you can hold space for both in the physical and digital world.

NFTs have the capacity to revolutionize ownership rights, ensuring creators receive fair compensation for their digital works. Additionally, the use of blockchain technology in verifying ownership can disrupt the counterfeit market and protect collectors’ investments. They empower creators, collectors, and enthusiasts with a sense of ownership and authenticity that was previously difficult to achieve in the digital realm.

Physical Items | ART: 

  + Tangible 

  + Add Blockchain 

    + Insert Chip 

    + Scannable

    + Nostalgic 

       o Timeless

       o Scarcity Factor

  + Authenticity 

Digital Items | ART:

  + Add Blockchain 

  + Convert Physical Items or ART to NFT

  + Digital | 3-D

  + Easier to Store | Rotate | View

  + Viewable multiple platforms

To discuss further, please contact us: craven@houseofcraven.com