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techCannes : Le Gala – Disrupting the World of Art With Blockchain Technology

techCannes: Le Gala is an exclusive, invitation-only gala with a private auction that is leveraging the potential of Blockchain technology to disrupt the legacy world of art and auctions

Cannes, April 29th, 2024 – techCannes: Le Gala is collaborative creation between Sarah Lelouch, founder and President of techCannes business club; Christine Lacharme, a serial entrepreneur with extensive experience organizing galas and private auctions; Paul Hatte, CEO of techCannes; and Timothée Didier-Bandou, CEO of TDB Advisory, a boutique corporate Web3 advisory firm.

The prestigious gala, hosted at the iconic Plage Vilebrequin on the world-famous Cannes Croisette, will be attended by artists, athletes, celebrities, film producers and directors, tech entrepreneurs, VC investors, Business Angels, NFT collectors, and other prestigious international guests.

During the dinner, a private auction will feature unique works of art, memorabilia, and exceptional experiences with artists, celebrities and athletes. A painting created live during the cocktail will also be auctioned off and a portion of the auction’s proceeds will be donated to two partner charities. memorabilia and exceptional experiences with artists, celebrities and athletes. A painting created live during the cocktail reception will also be auctioned off, with a portion of the proceeds going to two partner charities.

Featured artists, athletes, and celebrities include:

Cédric Fernandez, a world-famous illustrator who has sold more than 400,000 albums internationally;
Cyril Nardon, the Founder & CEO of ArtStory, a startup specialized in Augmented Reality and the creation of connected artworks;
Charlesai, a renown NFT artist, whose works are collected by some of the most world’s most prominent collectors;
Cesario Moore, a Cannes-based artist that created the innovative and very creative “digital synthesis” technique.
Crypto Eunicorn, a successful crypto trader and Web3 angel investor who is followed by dozens of the influential figures in the crypto world
Alan Baudot, a professional MMA fighter,
Sébastien Carbillet, a former professional parachute jumper with over 15,000 registered jumps, who will offer a mind-blowing experience for those who like adrenaline and breathtaking sights

This innovative auction is phygital: Acquirers will receive the artwork, object or confirmation of their participation in the experience accompanied by its digital double in the form of a non-fungible token (NFT).

NFTs are cryptocurrencies that have special characteristics that make them unique and not exchangeable ‘like for like’ with other cryptocurrencies. While they are often associated with JPEGs of apes and other humorous content, the underlying technology has the potential to fundamentally disrupt the art and auctions industries.

While the global NFT market is expected to grow at a Compound Annual Growth Rate (CAGR) or 33% over the next decade, the share of NFT revenues in fine arts auctions is just 0,1%. The global art market is on the verge of major disruption and the creators of techCannes : Le Gala are excited to share this innovation with their prestigious guests.

Blockchain technology’s core features solve many of the inefficiencies that plague the art industry and present barriers to entry for everyday investors:

It is an open ledger that is fully transparent, allowing anyone to access the full transaction history of the assets registered on it;
It is immutable: once information is entered and validated, it cannot be modified or deleted, thus protecting against tampering, fraud, and theft;
Settlement times are very quick: on most blockchains, assets can be transferred in a matter of seconds or minutes;
Transaction fees are very low, even for sizeable transactions, thus facilitating liquidity for secondary market sales;
It is pseudo anonymous, so confidential data is not revealed to the public;
It is resistant to censorship: wallet owners have full access to their accounts and third parties cannot cancel transactions or delete user accounts.

NFTs are based on ‘smart contracts’ that help artists monetize their works over its entire lifetime. NFT contracts can include royalties that are paid to select addresses every time the asset is exchanged on the secondary markets. In the past, the artist would get paid upon the first sale; now, with NFTs, he gets a cut of the sale price for eternity!

Two partner charities will receive a portion of the auction’s revenues:

The Fondation Internationale Maria Rosa Mystica, an African charity based in Côte d’Ivoire that provides essential services to children in need as well as their families;
Le Collectif 50/50, a French association of public interest that promotes diversity and equality in the French film and audiovisual industries.

After the auction, a typical Cannes afterparty will welcome up to 100 additional guests.

The gala’s guests will discover the disruptive power of blockchain technology in a legendary setting that perfectly embodies the subtle balance between the timeless charm of tradition and the spectacular display of innovation.

The creators of techCannes : Le Gala want to extend a warm thank you to their supportive partners:

Lucien Kouadio KOUASSI, Founder and President of the Fondation Internationale Maria Rosa Mystica
Louise Roussel and Fanny De Casimacker from Le Collectif 50/50
Fabio Tiozzo, Administrateur de Wannenes Art Auctions Monaco
Alexander Amartei, creator of Anatara, the first movie funded by NFTs
Alexandru Zainea, Founder & CEO of The NFTist
CryptoEunicorn, renown cryptocurrency trader and early-stage Web3 investor
Martin Aram, founder and CEO of MXT, a blockchain company based in the Isle of Mann and Monaco that is minting all of techCannes : Le Gala’s NFTs
Joséphine Louis, Founder of Funghi_Gallery
Dustin Plantholt, The Count of Monte Crypto and media partner
Thomas Ménard, CEO of RAID Square
Thomas Chauveau, Co-Founder of MetaFight
Jean-François Cavelier, Producer at Gallico Media Productions
Camille Chen, CEO of Mandarin TV