AllianceBlock x Arkefi: Promotes sustainable future!

AllianceBlock and Arkefi have joined hands to advance the segment of sustainable finance. The news was announced by both, highlighting that the partnership has officially opened doors for opportunities. They are now tasked with building a sphere where sustainable finance can exist. The objective is to drive digital transformation.

What makes AllianceBlock an ideal partner is its service to businesses that allows them to launch their offering, embrace tokenization, and leverage the potential of decentralized finance, also known as DeFi.

Arkefi is a team that is committed to revolutionizing the world of art. It is doing so by bringing together the concept of tokenization. The goal of Arkefi is to make investment in art more accessible. Needless to say, Arkefi is looking to transform non-bankable assets into liquid capital.

Art available on the platform is indeed one of the best investment options one can consider. Per the pieces of information shared by them, buyers can expect to generate approximately a 4% return on their investment. Making things interesting is the fact that valuable art comes to the table at just 50% of the market price. Once purchased, the entire ownership is transferred to the buyer.

The platform is launching pretty soon, and interested buyers or art collectors can access the official site to join the waiting list.

It works a bit differently for buyers and sellers. For instance, Arkefi allows buyers to choose the investment out of all the available investments. They can alternatively opt to select just a fraction that they want to purchase. It then unlocks the funding duration of a month, concluding the same locks the contract and activates the same. Return on investment depends on the art piece and the duration of the holding.

However, a buy-back has to be initiated by the seller for the buyer to get the principal plus the predetermined return directly in the wallet. Buyers can have full ownership till the time buy-back is not initiated by the seller.

The process for sellers begins with them requesting a quotation. Arkefi extracts liquidity and provides a quote within 72 hours. The platform then takes custody of the artwork, provided terms have been accepted by the parties involved. This triggers a one-month funding period. Funds for buy-back have to be settled to reclaim the artwork. Failure to do so will allow buyers to retain ownership.

Notably, not every piece of art makes it to the list. A thorough diligence process is undertaken by the team of experts – that is, the internal party plus third-party experts. They check for authenticity, condition, and quality. Standards are stringent, and it takes some time for the project to get listed at Arkefi.

AllianceBlock is coming to the partnership after introducing $NXRA to the community. That is a token that now drives the ecosystem of AllianceBlock. It depends on the way in which Nexera Protocol is adopted and how well the DeFi infrastructure of AllianceBlock performs in the market.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

Related Articles

Back to top button
Bitcoin (BTC) $ 65,459.54
Ethereum (ETH) $ 3,577.32
Tether (USDT) $ 1.00
BNB (BNB) $ 602.72
Solana (SOL) $ 135.92
XRP (XRP) $ 0.495185
Dogecoin (DOGE) $ 0.124339
Cardano (ADA) $ 0.391728