Interview with Monart (Blockchain for Art) #LIVE - Malta Blockchain Summit (Malta 2018)

Here's a summary of the cryptocurrency podcast transcript, broken down into the requested sections:

1. Narrative Summary:

The podcast features an interview with Malo from Monart, a company leveraging blockchain technology to revolutionize the art market. Speaking live from the Malta Blockchain Summit, Malo highlights Malta's supportive regulatory environment and vibrant crypto community as key factors in Monart's decision to establish a subsidiary there. Monart’s core offering is a Security Token Offering (STO) backed by revenue from an art collection and marketplace. The platform allows users to purchase both physical artworks and fractional shares of artwork or collections, democratizing access to the art market and enabling participation in its potential growth. Monart utilizes both standard tokens for the STO and non-fungible tokens (ERC-721) to represent and secure artwork on the blockchain, a technology initially explored in a project called CurioCards.

The interview emphasizes the global reach of Monart, with operations in Beijing, Paris, and the United States, facilitating the promotion of both established and emerging artists. The platform accepts various payment methods, including Bitcoin, and aims to provide opportunities for investment in art at accessible price points, contrasting with the high costs often associated with traditional art acquisition. Ultimately, Monart seeks to connect artists with a global audience and provide investors with a new avenue for participation in the art world.

2. Main Topics Discussed:

• Monart's Business Model: Fractional ownership of art, online marketplace, investment in emerging and established artists.
• Security Token Offering (STO): Monart's current fundraising method.
• Blockchain Technology & NFTs: Use of ERC-721 tokens to represent artwork on the blockchain.
• Democratization of the Art Market: Making art investment accessible to a wider audience.
• Global Reach: Monart's international presence and promotion of artists worldwide.
• Payment Options: Acceptance of Bitcoin, USD, and EUR.
• Malta Blockchain Summit: The event where the interview took place and Monart's presence there.

3. Key Quotes:

• "We create a subsidiary in Malta because it's a fantastic ecosystem also for our projects." - Malo, discussing Monart's presence in Malta.
• "We are opening this, we are democratizing the art market for everybody that's passionate about art and investment." - Malo, explaining Monart's mission.
• "You can buy shares of artworks or shares of collections. So you can really participate to the growth of the art market." - Malo, describing the platform's key feature.
• "We will have both emerging artists... 1000 euro artwork and some of them are great and they will pick up value because they are fantastic." - Malo, highlighting accessible investment opportunities.

4. People Mentioned:

• Malo: Representative from Monart, interviewed in the podcast.
• Jay Z: Referenced in relation to art investment.
• Host: Unidentified host of the podcast.

5. Bitcoin Price:

The Bitcoin price was not mentioned in the transcript.