• SmarterWorx is leveraging the art market to get ahead of its large rivals like Shiba Inu and Dogecoin.
• SmarterWorx presale has seen another surge in participation following the Solidity Finance smart contract audit results.
• Contemporary art outperforms the S&P 500 and continues to increase in value in recessionary periods.
The global economy is facing a looming recession and economic growth has slowed, with central banks globally raising interest rates. As such, stocks and digital assets have become increasingly less desirable for investors, leaving them to search for other alternatives. Art investment has risen as one of the best inflation hedges, as its lack of correlation to traditional markets allows it to consistently outperform in recessionary periods.
SmarterWorx is a platform that allows for fractionalized art ownership, creating a straightforward path for investors to gain exposure to the lucrative returns of art. The value of the native token ARTX is directly backed by SmarterWorx’s contemporary art portfolio, and the team is dedicated to curating undervalued pieces to facilitate explosive growth.
Benzinga has stated that contemporary art has outperformed the S&P 500 for 25 years, and art remains a strong asset during periods of economic contraction. For example, Paul Cezanne’s Forêt sold for $713,000 in 2008 and $992,500 in 2010, despite the world being in the midst of one of its worst recessions.
Similarly, SmarterWorx’s presale has seen another surge in participation following the Solidity Finance smart contract audit results. This is a great indicator of investor confidence in the platform, and it’s getting them ahead of larger rivals such as Shiba Inu and Dogecoin.
Overall, the art market has proven to be a reliable source of return in times of economic uncertainty, and SmarterWorx is providing an easy way for investors to access these returns. The platform is gaining traction and has the potential to be a major player in the art market.