The firm aims to create a model of collective ownership using blockchain technology.
Real-world asset (RWA) tokenization platform 10101.art made its official launch at Dubai’s Ritz-Carlton offering pre-sale access to the attendants to Banksy and Warhol originals.
The idea behind the project is to digitally divide famous art pieces and sell them as tokens, creating collective ownership using blockchain.
“We believe it’s time for a more welcoming approach to art ownership. 10101.art is using technology and collaboration to create a more enriching experience for everyone,” stated Alina Krot, CEO of 10101.art. “This event marks a significant step in that journey, and we’d love for all industry leaders and art enthusiasts to join us in shaping the future of art collecting.”
According to their website, 10101.art experts pick valuable art pieces they consider worth tokenizing and, after an authenticity check, store them in Dubai.
The launch announcement also mentions works from artists such as Pablo Picasso and Salvador Dalí, although they are not available in their website.
The RWA market popularity registered significant growth over the past months, with the combined market cap for tokens within this sector surpassing $7.7 billion, data aggregator CoinGecko shows.
Moreover, traditional financial institutions are exploring the benefits of RWA tokenization, such as BlackRock. Since the inception of their tokenized fund BUIDL, on March 20, the total size jumped from $40 million to $304 million, a 660% leap.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
CELSIUS Assorted Flavors Official Variety Pack, Functional Essential Energy Drinks, 12 Fl Oz (Pack of 12)
$35.63 (as of June 23, 2024 21:03 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
6 Ft Surge Protector Power Strip - 8 Widely Outlets with 4 USB Ports, 3 Side Outlet Extender with 6 Feet Extension Cord, Flat Plug, Wall Mount, Desk USB Charging Station, ETL,White
$9.98 (as of June 23, 2024 21:03 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
2024 WiFi Extender Signal Booster, Internet Wireless Repeater for Home Coverage up to 9277Sq. ft and 40 Devices,WiFi Extenders Signal Booster for Home,Repeater with Ethernet Port & Access Point.
$19.99 (as of June 24, 2024 21:05 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple Pencil Pro: Advanced Tools, Pixel-Perfect Precision, Tilt and Pressure Sensitivity, and Industry-Leading Low Latency for Note-Taking, Drawing, and Art. Attaches, Charges, and Pairs Magnetically
$114.24 (as of June 24, 2024 21:05 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
