ArtFi is an art technology platform that aims to revolutionize the traditional art world using Web3 technology.
On ArtFi, users can purchase bluechip artworks from established and emerging artists as NFT using the platform's native token: $ARTFI.
As a utility token on the Sui blockchain, ARTFI is not only used for NFT marketplace payments, but also for rewarding stakers, and as a store of value asset designed to appreciate as the company grows and uses its revenues to burn the fixed supply.
How it works 🌐
Selection:
World-class art experts carefully select distinguished works of art for Artfi for acquisition.
Acquisition:
Artfi acquires artworks on consignment from sellers.
Only works of impeccable provenance are accepted as part of the Artfi collection.
Fractionalization:
Each artwork acquired by Artfi is fractionalized and sold as NFTs. This allows for multiple people to own a fraction of the same high-end artworks.
The Artfi team will determine the amount of fractions (NFTs) available for each artwork, determining the price of each NFT.
After all NFTs are sold, the physical artwork is displayed in the Artfi museum in Dubai.
Trade or Hold:
The NFTs are liquid and can be traded on the dedicated Artfi marketplace at any time.
Users also have the option to stake their NFTs, which allows them to receive a portion of royalties from secondary market trades.
Sale:
After an extended period of time, and when the market conditions are advantageous, Artfi’s team of experienced market professionals may approach the community for its permission to sell an artwork.
When this happens, each NFT holder can redeem their NFT for a share of the revenue generated by the sale of the artwork.
Royalties 💰
By staking NFTs, users earn royalties on every sale on the secondary market.
Community Royalties
A part of these royalties will go to the community of Artfi NFT holders.
Minter Royalties
A part of these royalties will go to the minter who originally bought the Artfi NFT during the primary sale.
Artist & Collector Royalties
A part of these royalties will go to the artist or collector who consigns the artwork with Artfi to be fractionalized as NFTs and sold to the public.
Final words ✍️
The tokenization of real world assets will be a defining trend of the next decade and Artfi is at the forefront of this process.
By harnessing the power of blockchain technology and NFTs, Artfi makes it possible for everyone to take part in the $1.7 trillion fine art market, own a stake in valuable works of art, and earn royalties on secondary market sales.
Do not miss this huge opportunity!