Tokenization art platform is an end-to-end painting backed token architecture for the art industry. Tokenization of the artwork means that the art’s cost of ownership is confirmed, the rights of ownership is digitized and converted into multiple tokens and sold to interested buyers.
Each is supported by the art’s value and rights of ownership, it provides that you own a portion of the art for that particular value. Art asset support tokens have limited control as to how many units tokens can be sold and size of tokens become small and so the value increases from time to time without getting diluted.
The artwork is completely controlled by specific price-fixing groups and it enjoys the same rule as a cottage industry that received shadows of monopolies and intermediates( Art Dealers.). To understand this theory you should know the artwork price before it reaches the art galleries.
The cost of the artwork is impacted by certain factors like size, the fame of the artist and fame of the art dealer and medium etc,... In regular situations, art dealers purchased the artwork from the artist and based on their fame. These art galleries function on two main business samples, either purchase the artwork directly from the artist and show it, or work with the art dealer on Profit-sharing samples.
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