According to the firm, it purchases works of art and generates 10,000 NFTs that reflect ownership of the actual object.
According to a press statement from Artifi, a Web3.0 business, it has partnered with fine artist Sacha Jafri to democratize fine art collection through fractionalized ownership.
” Asif Kamal, creator of Artfi, continued. We are selling you the idea of ownership of a portion of the painting, not the actual painting itself.
The business added that thanks to this partnership, art enthusiasts would soon be able to purchase a piece of Jafri’s work.
“This partnership with Artfi opens up new possibilities by fusing technology and exquisite art. The artist Sacha Jafri said, “The democratization of art may connect my collectors all over the world to the ownership of one of my paintings.
The company also mentioned that items have been going for much more at auction than their estimates, with Barron’s recently highlighting an “ultra-contemporary art mania” fueled by “fast-moving internet-fueled culture.”
The business additionally asserted that it purchases works of art and produces 10,000 NFTs that represent ownership of the actual object.
