FACT Inc. (OTC: FCTI) is a global leader of fine art and collectibles authentication technology that focuses on providing innovative solutions to address the challenges faced in the collectibles industry. The company's proprietary forensic technology and management platform enable all parties, from collectors to insurers, to manage collections worldwide by leveraging advanced forensic technology, analytical tools and blockchain structure to protect assets.
In addition, FACT Inc. will be offering its clients the ability to create Non-Fungible Tokens (NFTs) on both their physical and digital fine art assets. It is the only company that can provide a secure link from the digital asset to the physical assets on a seamless platform. FACT Inc. is currently onboarding a system to allow its user to create, sell and trade their NFTs.
FACT Inc. was founded in 2020 as a collaboration by a team with art, business and forensics backgrounds. FACT Inc. is led by Patricia Trompeter, its CEO. The company is headquartered in Toronto, Canada, but operates all over the world.
The F.A.C.T. Solution
FACT's solution for the collectibles industry is Forensic Asset Certification Technology (F.A.C.T.). The F.A.C.T. Secured Database standardizes collection management through centralized storage of F.A.C.T. scans, condition reports and provenance documentation throughout the life of the work.
The patent-pending software and methodology provide solutions that leverage advances in forensic technology to capture an asset's surface profiles for authenticity verification in a matter of minutes. The F.A.C.T. secured device is the only portable solution of its kind that utilizes "digital fingerprints" from the physical asset for verification and condition reporting.
F.A.C.T. Interferometer Scanning
The F.A.C.T. Secured Device (patent pending) is powered by a proprietary white-light interferometer that captures ultra-high-resolution scans for comparative analysis that verify the authenticity and assess degradation at the lowest levels possible. The "digital fingerprints" are transferred and stored in the F.A.C.T. database.
Each scan with the Secured Device captures the area at a resolution of two microns or better, which is equivalent to a 50th of the diameter of a human hair. The scan can detect and document even the most minute details and characteristics of an asset. "Smart Pixel" Technology offers a 3D image with real-time communication to the master controller. It creates topographic and tomographic renderings while providing up to 100x magnification for viewing the 3D images. The F.A.C.T. Analytic Tools allow for efficient measurement of roughness, layer thickness, wear, volume, patterns and defects of each scan for verification.
The F.A.C.T. solution addresses needs in a number of market sectors, including:
Collectibles and Asset Market
The collectibles market is a multi-billion-dollar industry that is vulnerable to fraud, theft and forgery. The overall art market was valued at $64 billion in 2019, and the numismatic market was valued at $4.1 billion in 2019.
Statistics show that:
With its unique blend of innovative forensic technology, advanced data analytics and collection management, FACT is primed to capitalize on this market opportunity and provide a wealth of solutions to art collectors worldwide.
The company is also strategically positioned to capitalize on the recent growth in interest relating to NFTs. According to data from Statista, global transactions involving NFTs in 2020 were valued at $338.04 million, marking an increase of 138% over the previous year. In March 2021, Twitter CEO Jack Dorsey's first tweet sold for roughly $2.9 million as an NFT, further highlighting the continued growth of the space.
Management Team
Patricia Trompeter is the newly appointed CEO of FACT Inc. She has spent over 15 years in the financial services industry working with GE Capital. During her tenure with GE Capital, she held several positions, including CFO, operations leader, controller and M&A coordinator. Ms. Trompeter took a short break to focus on her philanthropic opportunities and family and afterward founded Webbs Hill Partners and Ceres Capital Holdings. She holds a B.S. in Finance and Economics and Management Information Systems from Marquette University.
Michael Arbach is the company's CIO. He has over 17 years of experience working with business-oriented software and a track record of building high-performance solutions for top-tier companies. Code written by Mr. Arbach has processed millions of dollars in securities transactions. Today, some of the biggest banks and organizations rely on his software. Mr. Arbach is also an early blockchain developer and investor. He holds degrees in Applied Mathematics and Computer Science and is fluent in four languages.
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