{"id":2235,"date":"2020-03-23T15:58:11","date_gmt":"2020-03-23T10:28:11","guid":{"rendered":"https:\/\/blockchainappfactory.com\/blog\/?p=2235"},"modified":"2022-09-13T12:25:47","modified_gmt":"2022-09-13T06:55:47","slug":"art-tokenization-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.blockchainappfactory.com\/blog\/art-tokenization-everything-you-need-to-know\/","title":{"rendered":"Art Tokenization- Everything you need to know!"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Who doesn\u2019t love some fine-looking, inspiring art? Art is one of the major roots of life that has the potential to empower human hearts fragmented by cultural differences. Art is also the most essential tool that depicts various cultures all over the world and conveys every concern deeply and meaningfully! The value of art is something that doesn\u2019t fade away. Here are some numbers that prove this statement.\u00a0<\/span><\/p>\n<h2><span style=\"font-size: 20px;\"><b>The evolution of ART INDUSTRY!<\/b><\/span><\/h2>\n<ul style=\"list-style-type: disc;\">\n<li><span style=\"color: #808080;\"><b>The research said that the global art market sales increased by about 6% in the year 2018 and hit $67.4 billion in sales according to the report of economist Clare McAndrew in \u201cThe Art Market 2019.\u201d\u00a0<\/b><\/span><\/li>\n<li><span style=\"color: #808080;\"><b>Over the past decade, the global value of artwork sales has gone up by 9%.<\/b><\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">But the question here is, even though the sale values were shaken up, why the artists and investors who want to buy them are experiencing constant challenges? What are they? How can they be resolved?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Modern arts are often overpriced, and there are also other challenges involved in preserving artworks like unstable climatic conditions, building maintenance, conservation, and restoration, etc. Even though they want to, people step back from investing in artwork because of such reasons and high entry barriers. A wide range of people either lack money to invest in an artwork they are really interested in or do not have the time or knowledge to spot the perfect art they want to plunge their money in. This is where the concept of <\/span>art tokenization<span style=\"font-weight: 400;\"> comes into light. What if art tokenization can untangle all these challenges? How? We are going to find out in this blog, but to begin with, let\u2019s see what art tokenization is.\u00a0<\/span><\/p>\n<h2><span style=\"font-size: 20px;\"><b>What does art tokenization mean?<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Tokenization is the process of converting the value or rights of an asset into digital tokens. In terms of the <\/span><a href=\"https:\/\/www.blockchainappfactory.com\/art-tokenization\"><b>tokenization of art<\/b><\/a><b>,<\/b><span style=\"font-weight: 400;\"> an investor doesn\u2019t have to buy an artwork entirely for its restraining actual price. Tokenization improves efficiency and allows fractional ownership with which a group of investors can buy the art together and split the share value and ownership. There are various types of tokenizing art such as,\u00a0<\/span><\/p>\n<ul style=\"list-style-type: disc;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #ff6600;\">Commercial gallery art tokenization<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #ff6600;\">Single Art Tokenization<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #ff6600;\">Trophy Art Tokenization<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-size: 16px;\"><b>Key benefits of Art Tokenization:\u00a0<\/b><\/span><\/h3>\n<ul style=\"list-style-type: disc;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A substantial amount of Liquidity<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Paves the way for wide-spread opportunities and encourages small-time investors to participate<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fragmented Ownership<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Reduced Costs<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Instant, Efficient transactions<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Easy global access<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Broadening community and authentication through blockchain<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Elimination of physical challenges like climate conditions\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Enhanced security, elimination of risks\/ fraud.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Also, the tokens are backed by blockchain technology that controls and verifies transactions with the exchange of tokens and completely secures the investor\u2019s interest. How do blockchain and tokenization together influence the art industry? Let\u2019s find out.\u00a0<\/span><\/p>\n<h2><span style=\"font-size: 20px;\"><b>How blockchain revolutionizes the art industry:\u00a0<\/b><\/span><\/h2>\n<ul style=\"list-style-type: disc;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Blockchain technology has an immutable nature, which makes many industries adopt it into their spaces, especially in the case of the art industry.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Blockchain, along with art, has opened up massive opportunities for new investors. It serves as a solution that reduces the challenges faced by them.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There\u2019s no need for a big exhibit or gallery for artists to showcase their work. Blockchain platforms are transparent and decentralized, which allows any potential investor around the network to view the artwork.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Blockchain connects the buyer and seller directly, removing the middlemen.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Blockchain records every transaction with a chain of blocks coded with cryptography. This helps with the authenticity of the art piece value.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Blockchain provides users anonymity where the name of the buyer and the value is concealed and ensures 100% secure transactions.\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Now <\/b><a href=\"https:\/\/blockchainappfactory.com\/blog\/how-to-tokenize-art\/\"><b>how do you tokenize your art?<\/b><\/a><span style=\"font-weight: 400;\"> What is the best way to attain a reliable <\/span>art tokenization platform<span style=\"font-weight: 400;\">? Before diving into the development process, you need to follow a few steps to make sure your platform is authentic like,\u00a0<\/span><\/p>\n<ul style=\"list-style-type: disc;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Conducting massive research on the requirements and market needs.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In-depth research of the existing platforms, how they work, and what they offer.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Talking to experts for legal advice and every other essential aspect involved<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The last but the most important factor to consider is hiring the best service providers.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">To build your <\/span>tokenized art offering <span style=\"font-weight: 400;\">platform all the way from the ground up, will take up a lot of your time and money, and requires qualified technical assistance. To get your platform up to speed, the smart choice is to collaborate with a certified, experienced company that will offer you authentic solutions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We, at <\/span>Blockchain App Factory<b>,<\/b><span style=\"font-weight: 400;\"> have a dedicated and well-experienced team of developers who strive towards offering you an elite, feature-rich art tokenization platform with necessary regulatory frameworks. Our expertise and vast knowledge in the field will assure you robust <\/span>art tokenization platform development <span style=\"font-weight: 400;\">services integrated with cutting-edge blockchain technology. Our art tokenization platform comes with,\u00a0<\/span><\/p>\n<ul style=\"list-style-type: disc;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Decentralization<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Automated Legal compliance<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Multi-ledger art tokens\/Coin development<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Globalized KYC\/AML integration<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Accredited Investor verification<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Advanced Blockchain technology and smart contracts<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Token ratios and distribution<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Automated reporting to authorities<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fundraising investor dashboard<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Multi-layered security integration<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-size: 16px;\"><b>Why pick us over our competitors?\u00a0<\/b><\/span><\/h3>\n<ul style=\"list-style-type: disc;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">We have a team of 200+ members driven towards only one goal: to provide you a platform with core functionalities and features.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Our platform has the most robust, legally compliant structure that will sustain your business in the long run.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Our developers are blockchain pioneers with massive experience.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Our platform is highly securitized.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Our team consists of well-founded legal, technological, and financial advisors.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Apart from all this, our platforms are highly-scalable and customizable based on your preferences. Our solutions come at a fraction of cost, within a fraction of the time! If you\u2019re looking to amplify the value of your exquisite artworks, <strong><a href=\"https:\/\/www.blockchainappfactory.com\/\">reach out to us and we\u2019ll help you raise millions<\/a>!<\/strong>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who doesn\u2019t love some fine-looking, inspiring art? Art is one of the major roots of life that has the potential to empower human hearts fragmented by cultural differences. Art is also the most essential tool that depicts various cultures all over the world and conveys every concern deeply and meaningfully! The value of art is&hellip;&nbsp;<a href=\"https:\/\/www.blockchainappfactory.com\/blog\/art-tokenization-everything-you-need-to-know\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Art Tokenization- Everything you need to know!<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[1069],"tags":[265,508],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Art Tokenization- Everything you need to know! - Blockchain App Factory<\/title>\n<meta name=\"description\" content=\"Henri Matisse or Leonardo Da Vinic or Picasso? 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