Dimitri Yantchenkov is an art and antiques aficionado with a keen interest in crypto and NFTs. He studied business at the International University of Monaco and started his first business when he was 20 years old. Yantchenkov also founded BitMedia, which is a global NFT distribution company for art.
In this interview, Yantchenkov talks about a wide variety of topics. Among others, he talks about his childhood, his love for art, his entrepreneurial spirit, and his interest in crypto and NFTs.
Dimitri Yantchenkov: Well, back then, I was still a child, which made adapting easier. I quickly made new friends and, all things considered, felt very comfortable. Today, I call Sweden my second home country because I have all my friends and relationships here.
Yantchenkov: If you move to a country as a child and live there, you learn the language very quickly. Fortunately, I settled in pretty quickly.
Yantchenkov: Even back then, my goal was to become self-employed. That’s why I decided to go to the International University of Monaco to study business.
Yantchenkov: I had a friend whose father was active in the international art trade. Since I was already interested in art at that time, I opened my own business with said friend.
Yantchenkov: My job was to buy and sell paintings and sculptures internationally. My goal was to establish myself in the art market. We got all of the know-how we had from my friend’s father.
Yantchenkov: Look, for me, it’s not just about technique, how to paint a picture or create a sculpture, it’s about passion. When you look at art, you feel the passion behind it. Holding a painting or sculpture in my hands that an artist created decades or centuries ago has always fascinated me.
Yantchenkov: Yeah, that’s true. It’s not a pretty story. I was helping a friend and letting him live with me, but he hid illicit substances in my apartment.
What I also didn’t know at the time was that this friend was wanted by the police, so the police found his substances at my place. Unfortunately, my so-called friend did not tell the truth and tried to blame me. Therefore, the court did not believe me, and I received a fine. Since then, I have never seen this person, who called himself my friend, again.
Yantchenkov: Yes, that’s true, and I would do the same thing again. At the time, someone harassed my then partner, and I went between them to resolve the situation. Then it came to an argument.
While I am a peace-loving person, I have to intervene when something is being done to someone.
Yantchenkov: In 2017, I had a client who bought art from me. He told me about Bitcoin and Ethereum and that he is invested himself. After that, I got involved with the crypto market and invested myself.
By now, everyone has noticed how the crypto market has developed. Therefore, I am very happy that I received this tip from my customer and followed through on it.
Yantchenkov: First of all, the NFT market is a huge market. It enables you to buy digital art and own it. When I heard about it, I was very excited. Finally, regular people can buy an expensive art piece that is worth millions of dollars.
Yantchenkov: That’s exactly the point. Through NFTs, everyone can participate. The picture is divided into shares, and everyone can buy a share of the picture.
So, a normal person can also participate. However, the most important aspect of this is that you become the legal owner of the share when you purchase it, which entitles you to its returns.
Yantchenkov: Yes, this is possible due to the blockchain, and it is already happening. For example, a Swiss bank has offered shares of a Picasso that are $5,000 each. Anthony Hopkins has produced a film in which you can participate by buying an NFT. A lot will happen here, and I predict that this will be a multi-trillion dollar market.
Yantchenkov: Yes, I have the rights for NFTs of various paintings, including high-priced artworks from artists such as Picasso and Van Gogh.
Yantchenkov: BitMedia was founded for this purpose. We will offer NFTs globally through our direct distribution system. The advantage of this is that everyone around the world can participate and even has the opportunity to earn money.
Thank you for your time, and the best of luck for you and your projects in the future.
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