press
YEATU showcases its platform at NextRise 2024
YEATU showcases its platform at NextRise 2024
YEATU Showcases Core Features at NextRise 2024
[FETV Reporter, Lim Jonghyun] YEATU announced on the 14th that it introduced its art investment platform at NextRise 2024.
NextRise 2024, Asia's largest startup and venture company expo, is now in its sixth year, serving as a venue for sharing the latest technologies and innovations. YEATU participated in the event, presenting YEATU’s core features to key stakeholders.
YEATU, a platform for investing in artists, integrates artificial intelligence (AI) and blockchain technology. YEATU’s vision is to help domestic and international artists overcome spatial and temporal barriers to engage in cultural exchange and to support the fair valuation of the global art ecosystem, especially with the rising influence of K-content.
YEATU offers features such as ▲artist and art project investment matching ▲global art networking ▲AI-based credit scoring models ▲copyright and ownership management using blockchain technology. These functions support investors in making reliable art investments and provide artists with opportunities to generate stable income.
The exhibition focused on showcasing YEATU’s key features, which facilitate direct connections between artists and investors, aiming to invigorate art investment culture. YEATU demonstrated processes like analyzing investor preferences through AI data analysis to recommend suitable artists and certifying copyright and ownership via blockchain to enable online transactions. The platform drew particular interest as a means of “wealth management,” with attendees intrigued by the concept of investing in and nurturing the "next Van Gogh" with small investments.
During the event, YEATU engaged in discussions with various investment and partner companies about potential collaborations and funding opportunities, identifying growth potential in the art investment market and further strengthening its global network.
Everine Jo, CEO of YEATU, stated, “We are thrilled to introduce YEATU, an innovative platform that bridges the boundaries between art and finance, at NextRise 2024. We will continue to build a sustainable ecosystem where artists and investors can grow together.”
Additionally, YEATU has recently registered a patent for “security token trading” to support artist development. This patent enables technology that considers the revenue changes of an artist’s work, simulates future earnings, and allows fractional investment through security token issuance. YEATU expects this to improve accessibility to works by both renowned artists and promising emerging artists, giving the public a chance to support their growth.
Reporter Lim Jonghyun jhyun9309@fetv.co.kr
Read Full Article>>>