LiveArt, a US-based company, started with a goal to solve three major issues in the art world that stop collectors from buying or selling and keep the vast majority of art works off the market. These are difficulties in pricing a work of art, the tension that exists for collectors between privacy and the desire to sell, and transaction costs.
Upsilon started working on the project from the very beginning and participated in the MVP development, where our main goal was to create an art database. It included all the information about thousands of artists and millions of artworks with an estimated market value computed by LiveArt’s AI algorithm.
After the successful MVP launch, new goals arose and we started scaling the project. Our next major tasks were to develop a mobile application for both iOS and Android and create live auction sales broadcasting for it, continue developing new features for LiveArt Analytics such as sharing function, deep linking, global search function, and create LiveArt Market (now LiveArt Trading Floor) and LiveArtX.