Leading organisations come together to ensure artists are at the centre of the art ecosystem
Arcual, the leading blockchain platform tailored for the art community and DACS have come together in their joint ambition to ensure artists are at the centre of the art ecosystem.
Founded by MCH Group and LUMA Foundation, Arcual, launched in 2022, is the first blockchain platform offering digital infrastructure and smart contract solutions tailored for the art community, enhancing ownership, transparency, and participation.
Arcual’s platform is the next generation of digital infrastructure for the art world using blockchain technology to empower artists in securing the authenticity and provenance of their artworks, and future-proofing their careers. Addressing the needs of artists, galleries, institutions, and collectors by creating a trusted space for information, partnerships, and transactions.
Arcual offers solutions for royalties, payments, online and on-site sales, verified provenance, and digital certificates of authenticity. Via Arcual, artists and art professionals will have access to enrol with and notify DACS to facilitate registration and ARR royalty collection.
With a global membership of over 180,000, DACS connects artists and beneficiaries with those who wish to use their work. As a collective management organisation, DACS secures resale royalties, distributes royalties from various media uses, licences artworks, and shares copyright information. Since Artist’s Resale Right regulations came into effect DACS has paid over £120 million in ARR royalties to artists and their estates to date, and over £70 million in collective licensing royalties since its founding in 1999.
Christian Zimmermann, CEO, DACS said:
“We are very excited by this collaboration between DACS and Arcual, an innovative and insightful partner who harnesses technological advances for the benefit of the entire art ecosystem. We very much look forward to working together to push forward our joint ambition to put the artist at the centre of this ecosystem, improving transparency and the protection of their rights.”
Rodrigo Esmela, Chief Commercial and Product Officer, Arcual said: “At Arcual, our mission has always been to empower artists by providing them with the tools and resources they need to succeed in today's digital world. Partnering with DACS aligns perfectly with our vision of creating a more transparent and equitable art ecosystem. By combining our technology with DACS's extensive expertise in artists' rights and royalties, we are taking significant steps towards ensuring artists are recognised and fairly compensated for their work. We are thrilled to collaborate with DACS and are confident that together, we will make a meaningful impact on the art community”.
