Key points:

• AllianceBlock Announces Strategic Partnership With ARTBANX Following Their Commitment To Bridging The Gap Between Traditional Finance And DeFi
• Companies will join efforts to launch the art market to the world of DeFi

AllianceBlock collaborates with ARTBANX

AllianceBlock, an ecosystem for on-chain gateways, today announced its groundbreaking partnership with ARTBANX, a leading collection management system for collectors, art professionals, and financial institutions that has proven to be the most comprehensive, customizable, and secure in the industry.

The partnership will see AllianceBlock join forces with ARTBANX to bring art-backed funding to web3. As such, they will provide a platform where art collectors can access real-world asset-backed financing while offering their physical artworks as collateral. In this way, more possibilities are opened for art collectors, since they will be able to access the liquidity of their physical art.

Following the partnership, AllianceBlock will use ARTBANX’s art collection management, market data, and financial infrastructure to further the potential for art to become a bankable asset class, further amplified by a marketplace based on blockchain technology.

Mads Boie Thomsen, CEO and Co-Founder of ARTBANX, expressed the company’s delight to announce its groundbreaking partnership with AllianceBlock, explaining that the partnership is set to transform the art marketplace through the power of cutting-edge technologies. thomson said:

“By leveraging AI, we have seamlessly integrated the transactional records of millions of works of art, providing art collectors, investors and enthusiasts with unparalleled insights for informed decision-making in art-backed installment financing.”

Meanwhile, AllianceBlock will incorporate the Nexera Protocol infrastructure and NexeraID identity management toolset to enable tokenization of physical artworks and facilitate a marketplace for art.

Basically, the development will create the privilege for the art space to provide liquidity while also opening up the ARTBANX marketplace to a broader Web3 audience. AllianceBlock founder and CTO Matthijs de Vries also expressed the platform’s enthusiasm for collaborating with ARTBANX, recognizing it as a new milestone in reaching the team’s mission of bridging traditional finance (TradFi) with decentralized finance (DeFi). De Vries’ statement reads:

“This partnership is a great example of how companies can use our decentralized infrastructure to create new financial products and services. Partnering with ARTBANX, one of the world’s leading collection management systems, is a huge step forward for the industry.” .

It seems that the collaboration between AllianceBlock and ARTBANX will be of great benefit to each of them and will bring them one step closer to achieving their mission. The announcement revealed that AllianceBlock and ARTBANX are committed to providing new ways for users to access liquidity for asset classes that were previously unbankable or inaccessible without the need for centralized entities.

The price of ALBT, AllianceBlock’s native token, has experienced a considerable rally in the past month. The token gained more than 115% in the 30 days and was trading at $0.097589 at press time.