Not only artists themselves, but also primary and secondary galleries, auction houses, and companies with art collections can issue NFTs on Startrail, referred to as Startrail Registry Record (SRR)s. In order to ensure the security of SRR information, we conduct screenings based on our own standards.
Purchasers of artworks can use our service by purchasing a work with an NFT on Startrail. Also, purchasers can transfer the NFT along with the artwork to a new owner at the time of secondary sales or transfer.
How can galleries or art businesses use Startrail PORT?
For artists and businesses that manage artists, issuing NFTs on Startrail can further strengthen the authenticity of the works in their inventory with low risk of tampering. Secondary distributors such as secondary galleries and auction houses will also be able to provide a work’s bill of sale with low risk of tampering when selling artworks and using our service.
Artists, galleries, and art businesses are also able to view and manage the information of their registered artworks on Startrail. They can also issue white-label NFC tags with their own original design to attach to their physical works.
Provenance information such as ownership history and exhibition history is recorded on NFTs issued on Startrail, so businesses can use that information as a reference when judging the authenticity of an artwork. In addition, if you are the issuer of the NFT on Startrail, the history of the artwork will be recorded even after the sale, so you can track the current ownership status of the artwork at any point in time.
How can artists use Startrail PORT?
Artists can track the current ownership status of their artworks even after secondary distribution because the provenance of their work is recorded on the blockchain.
In addition, when the artists themselves issue an NFT on Startrail for their artwork during a primary sale, their work’s authenticity will be strengthened. The secondary sale distribution will be safer than it used to be.
Furthermore, artists can create contract terms at the time they issue an NFT on Startrail. By setting royalties from secondary sales, they can receive a portion of profits made from secondary sales.
How can art buyers and art collectors use Startrail PORT?
The risk of purchasing a forgery will be reduced by purchasing a work with an NFT issued on Startrail, as a SRR further strengthens the work’s authenticity.
You can also easily view your SRRs information on your smartphone. If you have multiple SRRs for different works, you can also use our service as an easy-to-use collection management tool.
Purchasing and selling a work while complying with the contract terms stated in its SRR is a great way to respect and support artists.