From the article...
It may have been a rocky year of ups and downs for fintechs and the blockchain as the American economy continues to give off strange vibes. But through it all, there’s been no shortage of innovation in the space, as companies from Bitcoin miners to auction makers forged ahead with new ideas and inventions. Here are some of the best.
aShareX
For democratizing luxury auctions
The market for collectibles has long been exclusive, unsurprisingly, with swanky auctions drawing wealthy individuals who can afford to pony up millions for a single work of fine art. But auction technology company aShareX wants to democratize this space by engineering architecture for auctions to support both 100% investors and fractional investors at the same time (historically, auctions have been either wholly for either 100% investors or fractional investors). This could likely open the door for more bids by smaller investors who joined together to enter the market—and, ultimately, let a more diverse group of collectors own treasures like rare antiques, classic cars, and precious gems. The company has already conducted successful auctions, including with Bonhams. Prized art worklike Banksy’s The FlowerThrower and Jeff Koons’ Hulk Elvis Modern will be actioned off soon.
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