ZenDao Seeks to Use Blockchain Technology to Enhance the History Value

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ZenDao is on a mission to digitize the art and collectible sector. It is a decentralized platform developed on the Metaverse Blockchain which aims to provide smooth solutions to complex problems and to create fair and open market standards. ZenDao has announced its ICO, which will commence on June 23, 2017.

The project entails creating a digital representation of the real- world collectibles on Blockchain. This will help to establish an unalterable digital provenance ledger and ownership transfer channel. To put it simply, the project seeks to utilize solutions provided by Blockchain technology in order to solve the challenges faced by the art and collectibles market.

The main challenges faced by the art and collectibles market, as identified by ZenDao include the lack of a reliable proof of provenance history, market illiquidity, pure valuation methodology and forgery risks. The platform aims to provide solution to these problems by tokenizing the collectibles.

ZenDao hopes to gain the advantages related to the Blockchain technology like security, transparency, speed and ease of transactions, by linking the physical assets with their digital representation on Blockchain.

ZenDao is aiming to let history speak for itself by committing to unleash the high value of the full chronicle of the collectibles’ life cycle with the implementation of innovative tools, such as the smart script secured trade (“SSST”) and unique authentication mechanism.

About ZenDao ICO

During the ICO campaign ZenDao Coin (ZDC), the fundamental unit of account on ZenDao platform representing the value of the entire network, will be distributed to the investors and early backers of the platform.

70% of the initial number of ZDCs on the platform will be allocated to the public through the ICO. The price per ZDCs and bonus system will be publicly available on ICO opening date on the official web-page of Zendao (zendao.org).

The fundraising campaign will be concluded on July 7, 2017.