Photo - Smartstamp AG
60617

Smartstamp AG

Switzerland
Market: Culture and art, Financial services, Blockchain, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 24.08.2023
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Idea

SmartStamp creates digital fingerprints of surfaces using patented, Ai technology to authenticate art & collectibles linking to NFT/Web3 to empower royalties. Can also be extended to luxury and premium goods and supply chain.

Current Status

2023/Q2 - Q4
-Top global art & luxury PR firm
- First enterprise pilots
- Global Finalist, Moonbeam Accelerator
- Top 20 Startups in EU, Tech.eu Summit
- iOS APP in App Store (4 Apple macro lens phones)
2022
- Grant Web3 Moonbeam Foundation
- Top 10 Finalist Actai Global Web3
Frieze Seoul Week Official Partnership
- Android APP in Playstore
Closed seed round
2012-2022
- Resnicow + Associates, top global art & luxury PR firm
- Blockchain event log API
- Incorporated Switzerland
- Founder’s angel investments of > $8 MM base tech

Market

Professional working creatives, artists, estates, and art market professionals within the expansive $67.8 billion global art market, with a specific focus on individuals and entities operating in North America and Europe. Our Total Addressable Market (TAM) encompasses approximately 1.4 million artists globally and 296,000 galleries worldwide.

Our GTM focus lies within the Serviceable Obtainable Market (SOM), catering primarily to contemporary market artists. This dynamic segment constitutes the thriving $740 million contemporary art market and includes Gen X, Y, and Z generations, but ultra contemporary skews closer to Gen Y and Z, who are digitally more forward thinking. They include all genders, but are predominately dwellers in urban areas that have a thriving art market. We intend to first promote our product to convert the thousands of artists in this segment of this contemporary market who already use much more expensive paper certificates or DNA tag solutions.

We intend to move sideways into other rare items and collectibles such as certified pre-owned luxury watches. The certified pre-owned watch market is projected to form a circular watch economy, estimated to reach a substantial value of $36 billion by the year 2030. This growing market signifies the increasing demand for high-quality, authenticated pre-owned timepieces, creating a sustainable cycle of ownership and trade within the watch industry, especially among Millennials and Gen Z. These younger generations are also more likely to demand newer digital technologies of authentication and be more eager to link physical collectibles to NFTs.

Problem or Opportunity

SmartStamp is the ultimate solution for authenticating art and collectibles. Developed over a decade, our patented, AI technology creates a unique ‘fingerprint’ that links physical objects to the digital realm. Similar to biometrics used for human identification, our technology captures unique features that cannot be cloned, ensuring tamper-proof authentication and a new level of security and trust for the art and collectibles sector. Our innovation goes beyond authentication. Through linking object biometrics to NFTs, SmartStamp unleashes a realm of digital possibilities, encompassing web3 integration, artist royalty smart contracts, and more.

Moreover, our technology can be extended to luxury and premium products such as perfume and wine.

Solution (product or service)

SmartStamp creates contact-free, digital fingerprints of physical objects using:
1. Computer vision reading over 1000 features on 0.5 cm2, stored on cloud for anyone to verify with industrial cameras or eligible smartphones (5 patents)
2. Eco-friendly Blockchain timestamping, auditing every step

Verifiable digital fingerprints allow all stakeholders immutable proof of authenticity. Event log enables verification of hashed data by anyone. Artists can mint their certificates into NFTs with our smart contract for secondary market royalties. SmartStamp helps enhance credibility and attract more buyers with tamper proof certificates of authenticity and ensure accurate identification of objects and create immutable object documentation.

Business model

1. B2C: One time payment per object, renewable cloud storage every 5 years.
2. B2B2C: Systems integration for brands, enterprises, and art collections
3. management systems setup fees and annual subscriptions.
4. Bespoke: white glove, studio, collections management services, curated projects.

Money will be spent on

Scaling the technology and team.
Marketing and PR campaigns with the top two global PR firms for art and luxury.
Global art fair partner and sponsorships.
Building in blockchain timestamping videos to use a proof of condition for objects condition and handling of objects.

Team or Management

Incubation/Acceleration programs accomplishment

Top 50 “Building a Better Future” Startup by Startup Valencia and Plug & Play
Global Finalist, Moonbeam Accelerator
Top 20 Startups in EU, Tech.eu Summit
Grant Web3 Moonbeam Foundation
Top 10 Finalist Actai Global Web3 Competition

Photos

Photo 1 - Startup 60617

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