Art on the blockchain: How ArtChain Global raised $4 million in 48 hours

A Melbourne-founded startup aiming to put high-value artworks on the blockchain has raised $4 million in seed funding in just 48 hours, and has set its sights on the Chinese art and crypto market.

ArtChain Global was established this year by founders Kay Sprague and Cameron MacQueen. The startup kicked off its official launch this month, ahead of a six-week long roadshow across China.

Sprague is the former managing director of Citigroup and a former vice president of JP Morgan’s asset management division. MacQueen has worked in management and marketing roles at a number of Australian companies, including a multinational property development business.

Together, the two have formed a team to create ArtChain, which MacQueen tells StartupSmart will be a platform to “clean up” parts of the art industry and pull its standards in line with other industries where high-value goods are bought and sold. Read more

Dominic Powell - Smart Company - 30 Apr 2018