"There's nothing like Seminal in the world... and if you're looking for an art licensing collaboration or campaign, you won't find a better solution."

Identifying a gap in the fine art market is paying off for Melbourne entrepreneur Ward Williams, who is raising $5m to accelerate the global expansion of his start-up.

"the biggest problem with fine art is that it has been restricted to a physical object"

"The Seminal register hopes to replicate the kind of royalty environment that exists in the music industry but for fine arts. It is also reportedly using artificial intelligence to screen the artworks on its platform."

Ward Williams, son of investment dealmaker David Williams, has raised $3m and launched two companies as he aims to fix one of the art world’s biggest issues.

"We are excited to announce our investment into Seminal, a trailblazing startup looking to create an equitable copyright register fit for a global, digital world."

"Music icons like Justin Timberlake, Bruce Springsteen and Taylor Swift have long sold the copyright to their catalogues, unlocking hundreds of millions. But this has never been done in the visual arts."

"Ward Williams is raising funds in the hope of taking his online print gallery Pikcha to the public market."

"Ward Williams is following in the family footsteps, opening the doors on his art selling site Pikcha."