February 12, 2018. Singapore: Aditus, the world’s first luxury access platform for crypto-affluents, in partnership with Art Stage, the largest art fair in Southeast Asia, integrated Aditus Pay as a payment service provider during the 8th edition of Art Stage Singapore which took place at the Marina Bay Sands Expo & Convention Centre.
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The project’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 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 booth while exhibiting galleries enquired and were trained on the interactive Pay facilities.
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.
Guillaume Levy-Lambert, co-founder of Art Porters Gallery in Singapore stated that:
“We are thrilled with the sale of an important early work by Naufal Abshar,” “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!”
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.
The project’s goal is to broaden cryptocurrency adoption by solving many of the currently unresolved problems for both merchants and crypto-users, and the Aditus Pay payment gateway is a core component to that approach.
The project’s founders are veteran entrepreneurs in luxury & technology, and it aims to use this advantage to work closely with its pool of luxury merchants to understand and solve these market problems, and thus be the first in the market to provide a comprehensive offering to crypto-users.
The team behind the payment solution expects its crypto-adoption solutions to find application beyond the luxury industry.
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