Hi, I am Paul, co-founder of FX Hash and we are bringing the entire art world on chain. Over the past four years, we have built FX Hash into the largest generative art platform in the world. We have sold more than 2 and a half million artworks, but still we needed to pivot because we needed to be ready for the future of all financial assets moving on chain and we are believing that the art world will do so as well. We are calling this art capital markets. That is why we built FXH and the Artcoin protocol.
We built a platform for coining artist and artistic careers and we and it all runs on an instantly liquid market. Coining helps artist and artboard institutions to align capital and create a supply kept asset that gains in value with each artwork sold. Since launching in July, the FXH ecosystem has crossed more than $25 million in volume, has removed 2% from its supply, and has generated $1 million in annualized revenue. All of this while being in an invite only beta. I'm incredibly excited about the future of the digital art space.
Digital art spending is growing 300% year-over-year. Again, we accounts for 14% of an overall spending of a $60 billion art market. We are getting out of our beta and opening up to all of digital art, increasing our artist and collector outreach by more than 10% at more than 10 10 times. This winter, we will have funds launching Artcoin funds this month. And most importantly, we closed the second branch of our FXH based investment round.
And we would love to have you join us. Talk to me or scan the QR code to access our full deck, data room, and most importantly, the token purchase agreement. Thank you.
Automatic transcript — names and jargon may be misspelled.