The term that we have chosen to use, may have a lot of people confused.
What is a decentralized marketplace?
A decentralized marketplace is a marketplace that uses a technology that enables users to deal directly with each other instead of operating from within a centralized exchange. Virtual markets that use decentralized currency, or cryptocurrencies, or NFTs, are examples of decentralized markets. [1]
Decentralized marketplaces also reduce points of weaknesses in systems where there may be reliance on specific actors which can result in reduced access to resources, outages, bottlenecks, or lack of incentive mechanisms to prevent corruption or inefficiencies.
Conventional marketplaces tend to have higher fees, lack transparency, and create rules that end users may not wish to abide by. [2]
How is Artz.ai decentralized?
Simple, the idea that your valuable asset being held by an escrow means that you trust that marketplace to never go down. With Artz.ai or Moonverse your NFT literally stays in your wallet when you list it, until we find a buyer.
Millions of dollars worth of assets are currently in escrow. is this a bad thing? maybe. But it certainly isn’t a good thing. Maybe a tweet from The Levi can convince you? here
[1] https://www.investopedia.com/terms/d/decentralizedmarket.asp
[2] https://coinmarketcap.com/alexandria/glossary/decentralized-marketplace
