In the rapidly evolving digital age, the art world is witnessing a revolutionary change, spearheaded by platforms like 10101.art. This innovative platform is not just transforming art ownership – it's redefining it for the digital era.
The expanding world of Tokenization
Tokenization is reshaping a broad spectrum of industries, transcending beyond the art sector. Companies like Bixos in real estate and ventures in collectibles and finance are leveraging this technology for broader access and efficiency. From RealT's fractional real estate ownership to tZERO's trailblazing efforts in financial markets, tokenization is rapidly becoming an integral part of diverse sectors.
In sports, Chiliz & Socios are revolutionizing fan engagement through tokenized voting rights, while in the automotive sector, CurioInvest is opening up investment opportunities in rare collectible cars. These diverse applications showcase the versatility and growing acceptance of tokenization in transforming traditional asset handling, enhancing liquidity, and democratizing access.
10101.art: a pioneer in the art Tokenization landscape
In the realm of art, 10101.art emerges as a vanguard, having laid a solid foundation for its platform well before the recent surge in similar startups. Their methodical approach involved extensive preparation, from developing a sophisticated infrastructure to curating a collection of physical artworks.
10101.art stands as a beacon in the art tokenization space, enabling people worldwide to engage with art in a revolutionary way. The platform’s intuitive design allows users to seamlessly interact with and select pieces from a diverse array of world-famous artists, reflecting a commitment to making elite art more accessible.
User-friendly art experience
The process of owning a piece of iconic artworks like Banksy's 'Turf War' begins with a simple connection of the user's cryptocurrency wallet, signifying the first step into a new realm of art acquisition.
The minting experience on 10101.art is designed to be intuitive and engaging. Presently, users can effortlessly purchase a piece of their chosen artwork with just a few clicks. Also, this experience is currently evolving, offering users the ability to explore and select from a diverse range of art collections. They will have the freedom to choose and mint pieces from various artworks, aligning with their personal tastes and preferences.
Once the minting is completed, the purchased piece of the artwork becomes immediately accessible in the user’s wallet, symbolizing their legal co-ownership of a physical piece. This is made possible through 10101.art's innovative legal structure and DeFi protocol, ensuring a seamless blend of digital and physical art ownership.
Banksy's upcoming sale
Banksy, a global icon in the art world, is known for his ability to communicate universally resonant themes through his work. His art, often laced with societal and political commentary, transcends traditional boundaries and speaks a language understood by all.
Auction sales figures clearly demonstrate Banksy’s popularity. Consider this: a Banksy print, on average, fetched £60,915 in auctions during the second quarter of 2022. In a span of just six months, his art sales totaled £12.8 million, underscoring the strong presence his works hold in the contemporary art market.
While Banksy himself is not directly involved, the artworks on 10101.art, primarily from private collections, embody his spirit of challenging the status quo. The recent pre-sale of 'Turf War' on 10101.art successfully sold 300 pieces for $60 each, paving the way for an upcoming main sale of an additional 1200 pieces. This sale highlights the platform's role in making high-caliber art more accessible to a broader audience.
Authenticity in art Tokenization
In managing physical artworks, 10101.art adheres to a rigorous legal framework to ensure the authenticity and legal ownership of each piece. For instance, artworks by Banksy are accompanied by a Pest Control Certificate of Authenticity (COA), and those by Picasso and Dalí are verified against official catalogs.
This meticulous approach to provenance and authentication extends to the digital representation of the artworks, bridging the gap between the physical and digital realms. By ensuring each tokenized artwork's legitimacy, 10101.art upholds the integrity of these masterpieces, offering collectors not just a digital token but a piece of authenticated art history.
Monada art gallery: Home for 10101.art's Collection
10101.art's collaboration with the Monada Art Gallery in Dubai is a pivotal aspect of its journey in art tokenization. The gallery, more than a mere exhibition space, is the physical embodiment of 10101.art's commitment to merging the art world's traditional essence with its digital future. All artworks currently featured on the 10101.art platform, as well as those planned for future inclusion, have been transported to the gallery, making it a central hub for both the tangible and digital art experiences.
Tehani Zeramdini, the Monada Art Gallery manager, is an acclaimed figure in the art industry. She plays a crucial role in ensuring that the transition from digital tokenization to physical display is seamless and meaningful.
As she says: "In collaboration with 10101.art, we are transforming exclusive art into a shared experience, bringing masterpieces that were once hidden in private collections to a global audience. And that is truly a significant move towards the art democratization."
The minds behind 10101.art
The driving force behind 10101.art's success is its leader, Alina Krot. With a rich background in traditional banking and a profound grasp of the cryptocurrency domain, Alina stands at the forefront of this pioneering venture. Her expertise in both financial worlds equips her uniquely to navigate the complexities of integrating art with blockchain technology.
Under Alina's guidance, 10101.art has not only developed an innovative platform for fine art tokenization but has also established key partnerships and strategic directions that make high-value art more accessible globally. Her vision is shaping a new narrative in art ownership, where the value of art extends beyond the confines of traditional galleries and into the realm of digital accessibility and global reach.
Upcoming Banksy Sale: a new chapter in Art Tokenization
10101.art is setting the stage for the main sale of Banksy's 'Turf War', an event poised to further the platform's impact in art tokenization. With 1200 pieces of this iconic piece soon available, the sale extends an exclusive opportunity for art and DeFi enthusiasts to own a part of art history.
Join this transformative journey with 10101.art, where art ownership is reimagined for the digital era. Discover more at 10101.art’s website!