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Art de Finance announced a strategic business partnership with Shinsung Safes Co., Ltd
Dubai, UAE –News Direct– Prodigy Press Wire
Art de Finance AG, based in Switzerland, is actively constructing Web3.0 art infrastructure and has announced a strategic business partnership with Shinsung Safes Co., Ltd., the largest safe and vault business in South Korea, currently engaged in safekeeping and vault services.
Art de Finance, utilizing blockchain technology, is building Web 3.0 art platforms such as Artiside (Web3.0 On-chain gallery platform) and THE FLUX (Digital art marketplace). These platforms support creators and artists differently from the traditional art market, establishing a sustainable digital art ecosystem where users can actively support artists.
Shinsung Safes, a top Korean safe manufacturer with a 92-year history, is recognized worldwide for offering safes to major South Korean banks and Citi Bank. They have expertise in safety and security, holding the International Organization for Standardization (ISO) 9001 designation and the highest certification for performance testing from Underwriters Laboratories (UL). Shinsung Safes has expanded its business with premium safe rentals and urban-style art vaults under the Art Vault 32 project, establishing itself as a leader in the physical asset industry in South Korea.
The entrance to Vault 1932 (top) and the interior of the vault room (bottom). Provided by Chosun Biz
Shinsung Safes and Art de Finance have forged a monumental US$2.32 million contract, spanning consultation, development, and operation phases across two years. This collaboration aims to fortify the security of Art Vault 32 by integrating cutting-edge blockchain solutions. Art de Finance’s profound expertise in blockchain technology is instrumental in setting new standards and practices aligned with the latest technological advancements.
However, this partnership goes beyond technological integration. Both entities are committed to expanding their horizons by leveraging forthcoming blockchain technologies, extending collaborative efforts well beyond the initial two-year timeline.
At its core, Art de Finance is providing comprehensive consulting services to Shinsung Safes, encompassing technology architecture planning, security fortification, and compliance strategies. They are meticulously crafting operational blueprints for the private chain and developing sophisticated systems to facilitate the creation, transfer, and tracking of Real World Assets (RWA) on the Private Blockchain, slated for integration into Shinsung Safes’ Art Vault service.
The development of smart contracts is pivotal in enabling users to trade Art RWA NFTs while ensuring anonymity. As part of this synergy, Shinsung Safes will integrate $ADF Tokens into its Art Vault Service, enhancing functionality and enriching the ecosystem.
This formidable alliance signifies a paradigm shift in art security and blockchain integration, redefining standards to ensure the utmost security and functionality in the industry.
Moving forward, Shinsung Safes and Art de Finance unveiled plans for an innovative Staking Module tailored for the Shinsung Vault’s subscription service. Leveraging Art de Finance’s $ADF Governance token, this initiative introduces $ADF Staking, catering to both current Vault Users and extending Vault Subscription opportunities to $ADF Holders and Staking Art Collectors.
The collaboration aims to further intertwine the advantages of blockchain technology and decentralized finance into Shinsung Safes’ Art Vault service, catalyzing broader adoption of blockchain-based solutions in art and finance.
Additionally, Art de Finance plans to expand their Real World Asset (RWA) businesses, utilizing Shinsung Safes’ Art Vault service to authenticate high-end physical artworks through blockchain technology.
This collaboration marks a significant leap in redefining the intersections of art, technology, and finance. As stated by the CEO of Art de Finance, “The partnership enhances the utility of the ADF Token, providing secure solutions for partner galleries and collectors.”
As stated by the CEO of Art de Finance, “This collaboration with a top Korean safe manufacturer and vault service provider enhances the ADF Token utility, elevating security for partner galleries and collectors, poised to redefine industry standards.”
Art de Finance
Website: https://www.artdefinance.io/
Twitter: https://twitter.com/ArtdeFinance
Instagram: https://www.instagram.com/artiside_global/
Media Contact:
Company: Art de Finance
Contact Person: Helen
Email: haeyoon37@artdefinance.io
Location:Zug, Switzerland
Website: www.artdefinance.io
Release ID: 798008
View source version on newsdirect.com: https://newsdirect.com/news/art-de-finance-inks-2-3-million-deal-with-shinsung-safes-global-leading-safe-manufacturer-with-92-years-of-legacy-742311629
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