10101. art is introducing a brand-new platform that uses tokenized art by Pablo Picasso, Banksy, Salvador Dalí, Andy Warhol, and others. They will at first provide 1,500 random pieces of the Turf War painting by Banksy for $60 at a presale.
10101. art will utilize a “noise” legal structure to handle ownership transfers of tokenized art. The exchange of a fractional art piece can be finished with “2 clicks.”
Tokenized Art Is First Step Toward a DAO
Each owner of a piece of tokenized art gets a certificate that provides access to a neighborhood of collectors of the very same art work. It likewise permits them to hold a little piece of a property that would generally be too pricey to own completely.
Dollar Value of Tokenized Art Sales Rose in the Past Month|Source: Nonfungible
Learn more: Where To Buy Tokenized or Fractionalized Real Estate and Art
Task head Alina Krot stated 10101. art assists a more comprehensive neighborhood delight in art work that were formerly part of a personal collection. Later on, the platform prepares to present a decentralized self-governing company (DAO) that might provide fringe benefits for token holders.
Broadly speaking, tokenization takes any possession,
