YEATU Registers Patent for Security Token Trading to Support Artists

Art investment platform YEATU (CEO Everine Jo) announced on the 30th that it has successfully registered a patent for a "Security Token Trading and Management System and Method."

This patent enables a technology that considers the revenue fluctuations of an artist's work, allowing for the simulation of future earnings and the issuance of security tokens for fractional investment. Through this technology, investors can trade security tokens on the platform and receive a portion of the artist’s revenue based on their investment share.

Everine Jo, CEO of YEATU, stated, “We expect this will improve accessibility to not only renowned artists' works but also to the works of emerging artists with high potential. With this patent, we aim to connect artists and investors, creating an environment where artists can fully focus on their creative activities.”

YEATU, an investment platform for artists that combines artificial intelligence (AI) and blockchain technology, allows domestic and international artists to overcome spatial and temporal barriers and engage in cultural exchange.

Reporter Park Youmin newmin@etnews.com

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https://www.etnews.com/20240530000382