Codex Protocol, a decentralized ownership registration system for art collections, received a $5 million investment from Pantera Capital's blockchain fund

Well-known blockchain hedge fund Pantera Capital has invested $5 million in Codex Protocol, a decentralized title registration system designed specifically for the art and collectibles ecosystem.

In addition to investment, Joey Krug, co-chief investment officer of Pantera Capital venture capital, will join Codex as a blockchain technology and strategic advisor. He said:

"We are delighted to add Codex to our portfolio. In the next few years, blockchain technology and digital currency will determine their place in the global economy, and our mission is to be a catalyst for blockchain applications and innovation. Codex's company A vision that can revolutionize the art and collectibles industry."

With the latest investment from Pantera Capital, Codex will accelerate protocol development and support participants in building applications on the Codex platform. The company's chief executive, Mark Lurie, said:

"Pantera Capital is one of the most well-known funds in the blockchain field, and we are very pleased to have their strategic and financial support. We will realize the asset class ownership registration of artworks and collectibles without compromising the privacy of art collectors, Bringing a better, fairer and larger market platform to all industry players."

At this stage, the first application using the Codex Protocol blockchain protocol is Biddable, which allows digital currency holders to bid in auction transactions while ensuring privacy and access rights, serving collectors, auctioneers, and dealers , museums and other vetted organizations. Not only that, Codex Protocol is open source, which allows third parties to build applications, such as art insurance companies, mortgage lenders, and art logistics providers.