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Art Tokenization Platform – ICO App Factory

Art Tokenization Platform – ICO App Factory

Submitted by • November 27, 2019

Art has so far (and still in the present) has been a very costly affair. Only those Art Connoisseurs, curators & collectors who have the financial backing have been able to afford the artworks.
Tokenizing an Art means that the art's cost of ownership is ascertained, the rights to own it is digitized into multiple tokens and sold to the interested buyers. Since each token is backed by Art's value and right to ownership, it implies that you own a portion of the art for that particular value. Art asset-backed tokens have a ceiling limit as to how much units of tokens they can sell, so the quantity is limited and the value increases over time without getting diluted.

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Voted by Ruban Thomas

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