Benefits of Art Tokenizationby Vanessa Jane Block chain consultant
Given that blockchain is an immutable and transparent technology, its features and other advantages are automatically applied to the tokens stored on the platform. In fact, art tokenization helps weed out a number of issues plaguing the industry.
Primarily, tokenization digitizes the ownership into tradeable tokens thereby improving the liquidity of artworks. This transforms art into a lucrative investment option. Investors are attracted to invest in art.
Alternatively, an art tokenizing platform also doubles up as a reliable method to authenticate and verify the works of art. It is easier to track the certification and owners of an item; thanks to blockchain technology.
Finally, independent and budding artists can use this medium to list and promote their artwork instead of opting the services of expensive galleries. This also helps them gain entire ownership of their works while also avoiding payment to third-party intermediaries or agents.
Created on Mar 11th 2020 06:42. Viewed 117 times.