Startbahn Collaborates with SBI Art Auction to Launch the First NFT Fine Art Auction in Japan. All NFTs are minted on Startrail.
SBI Art Auction will hold its first NFT art auction sale in Japan. Titled "NFT in the History of Contemporary Art: a Curated Sale by Hiroki Yamamoto," the auction will take place on October 30th, 2021. Startbahn will mint NFTs for all the artworks on sale. Startrail, a blockchain infrastructure created by Startbahn, guarantees the authenticity and reliability of the artworks and supports the long-term inheritance of their value.
Startrail is an infrastructure that guarantees artworks’ authenticity and value inheritance, built by Startbahn using blockchain technology. Since 2019, Startbahn has developed a partnership with SBI Art Auction to provide art auction services focusing on contemporary art, with the aim to revitalize the auction market through digital tracking of ownership and provenance. "Startrail" has been used by SBI Art Auction to issue blockchain certificates (NFTs) for paintings, sculptures, digital artworks, and other lots offered at their auctions.
We are pleased to announce that SBI Art Auction will hold an NFT sale in cooperation with Startbahn. Startrail will also be used to issue NFTs for all eight digital artworks to be offered in the sale. Startrail records not only SBI Art Auction's information as the NFT issuer, but also a wealth of data to protect the value of artworks, including comprehensive provenance history and information about the artworks’ future distribution and use. In addition, the synchronization of information and rules across services will enable permanent management of secondary distribution and use.
[Date and Time] October 30 (Sat) 13:00- within "Modern and Contemporary Art Vol.47"
[Venue] Hillside Forum (1F, Hillside Terrace F, 18-8 Sarugaku-cho, Shibuya-ku, Tokyo 150-0033, Japan)
[Preview] Exhibition Period：October 27th (Wed) 12:00〜19:00, October 28th (Thu) 11:00〜19:00
* During the auction day, the auctioneer will be physically present to conduct the auction at the venue.
* In addition to visiting the venue, bidders may participate in the bidding process by phone call, by advance written bidding, or through online bidding on desktop or smartphone while watching the live auction video feed. For details, please refer to the website below.
■ Special Video: "What is NFT Art?"
What does "NFT Art" mean and what is the experience of "owning" it? Taihei Shii, Founder and CEO of Startbahn, discusses the future of the art world supported by blockchain and NFT technology.
Link to the video:
■ About Startbahn
Startbahn is a leading Asian art tech company providing blockchain infrastructure to empower stakeholders across the entire art market spectrum. Startbahn operates Startrail, a sustainable and scalable blockchain infrastructure that assures the reliability, authenticity, and traceability of artworks, including NFTs. Statbahn’s clients include notable auction houses, artists, galleries, private collectors, and content holders, amongst others.
■ About Startrail
Startrail is a sustainable and scalable blockchain infrastructure that assures the reliability, authenticity, and traceability of artworks, including NFTs. Startrail has a strong focus on the art ecosystem and a long-term perspective to protect and increase artworks’ value. Startrail maintains and assures the value of artworks by permanently recording provenance as well as auction and exhibition history. Artists can also set terms for their issued artworks, including royalty rights, that may be triggered after their primary sale.
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