Business / Finance

Aditus™ Pay successfully implemented at Art Stage Singapore 2018

Crypto-affluents were able to purchase artworks on display at Art Stage Singapore using Aditus tokens and other cryptocurrencies, paving the way for a new market segment to discover the world of fine art.

Jan 29, 2018 | By LUXUO

Aditus Pay ensures security and convenience with each transaction.

Aditus, the world’s first luxury access platform for crypto-affluents, in partnership with Art Stage, the flagship art fair in Southeast Asia for its Singapore 8th edition, integrated Aditus Pay as a collaborative service provider during the eight edition of Art Stage Singapore which took place at the Marina Bay Sands Expo & Convention Centre.

Aditus’s role during the Fair is a natural progression towards bridging purveyors of Southeast Asian artworks with crypto-affluents. As part of the platform, Aditus Pay enabled visitors to purchase artworks on display using Aditus (ADI) tokens and other cryptocurrencies. Aptly themed ‘interactions’, this year’s Art Stage Singapore carries a strong focus on the Thai art scene. Over 1,200 art lovers visited the Aditus booth while several exhibiting galleries enquired about the interactive Aditus Pay facilities.

Naufal Abshar, ‘Fishing Catch Games’, 2015, Acrylic & Soft Pastel on canvas

Four remarkable paintings were paid for with cryptocurrencies. Among them was Indonesian artist Naufal Abshar’s Fishing Catch Games. The painting is part of Naufal’s “HAHA” series, where he is said to be visually pushing the boundaries of humour with tongue-in-cheek social commentary. “We are thrilled with the sale of an important early work by Naufal Abshar,” said Guillaume Levy-Lambert, co-founder of Art Porters Gallery in Singapore. “Payment settlement proceeded smoothly thanks to the capabilities demonstrated by Aditus Pay. I’m thoroughly impressed that this is a reality and a value-added amenity to Art Stage Singapore. Welcome to a new era!”

Aditus is a decentralised lead-generation and marketing platform for luxury merchants; and for users, a privacy-centric access and transaction platform. Through the Aditus app, crypto-affluents could access the most exclusive products and services globally through their smartphones. “We are glad to assist exhibitors through the process of receiving crypto-currencies directly,” remarked Julian Peh, co-founder and CEO of Aditus. “Exhibitors can also choose to take payment in traditional currencies – such as US or Singapore Dollar – even as the Aditus payment gateway allows buyers to pay in crypto-currencies. With a platform that allows a new breed crypto-affluents to render payment, we believe that the scene will thrive in the future.”

Cryptocurrencies are currently the fastest growing new asset class, giving rise to a growing new community of high-net-worth individuals who are cultivating an interest in the works of talented artists in the region. The added convenience of making purchases via digital currency piqued the interest of a new breed of non-traditional art investors at Art Stage Singapore — paving the way for a new market segment to discover the world of fine art, courtesy of Aditus.

The Aditus booth was a hive of activity with curious visitors, vendors and buyers

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