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Stablecoins
Stablecoins such as Tether (USDT) are cryptocurrencies whose price is pegged to a natio- nal currency through active monetary policy. 1 tether, for example, is equivalent to 1 US dollar. Stablecoins are often used to be traded against other cryptocurrencies.
Satoshi
The term satoshi is used in the crypto community to represent the decimal places of Bit- coin in a more simple manner. 1 bitcoin can therefore be divided into 100 million satoshis. Or, in more simple terms: satoshis are like centimes to the Swiss franc, only in the case of 1 bitcoin there are 100 million centimes.
And by the way: this unit was so named in honour of Bitcoin founder Satoshi Nakamoto.
Alexander Aschwanden Former apprentice
Blockchain conquering the art market
Blockchain technology can also be used in a variety of ways in the art market. This helps to optimise the existing process of trading, transport and safekeeping, for example by storing insurance poli- cies and certificates of authenticity on a blockchain.
The artists themselves can benefit directly from tokenisation: for each original they create, a digi- tal twin (token) is also created, which thanks to cryptography is considered a unique piece; key- word: non-fungible token (NFTs). This opens up interesting possibilities to address new, less afflu- ent buyer groups. At the moment, however, it is still open to debate whether NFTs will generate enough interest for a new market.
Although the art market is the domain of wealthy art collectors and highly specialised auction houses and galleries, the new developments related to blockchain technology are being dis- cussed with great interest.
Reto Gadient CEO of B.ACADEMY GmbH, strategic consulting on blockchain, co-founder of the Crypto Val- ley Association, large international network for connecting companies and investors, organiser of private investor circles and Crypto Mountain Rocks
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