Artfi, the art technology company, has thrown open the doors to its Genesis Pass NFT whitelist, ushering in a new era in the world of fractionalized art ownership.
More than 25,000 art lovers have already joined this whitelist and are eagerly awaiting the first release of tokenized art.
Unlocking fractionated art assets
Artfi’s Genesis Pass is a Non-Fungible Token (NFT) that holds the key to acquiring fractions of iconic works of art, starting with Sacha Jafri’s ‘The Six Elements’ collection. This innovative approach allows art collectors to maintain an interest in highly sought-after works of art, increasing ownership and liquidity in the art market.
The ‘Sacha Jafri’s ‘The Six Elements’ Collection’: Jafri’s masterpiece was created from a collaboration with Rolls Royce, resulting in six paintings representing the elements of earth, air, fire, water, wind and humanity. The collection is divided into 10,000 fractions, each of which will be distributed to Genesis Pass holders. In addition to fractional ownership, passholders receive a free token airdrop and access to future fractional art sales hosted on the Artfi platform.
Jafri’s choice to democratize art: Sacha Jafri, the artist known for the world’s largest canvas, the ‘Journey of Humanity’, which sold for $62 million in 2021, has embraced Artfi’s mission to democratize art. He sees Artfi as a platform to open the doors of his art to a wider audience. “The Six Elements” marks Jafri’s first foray into fractional art, and he believes this approach will allow thousands of people to own a part of his artistic soul.
Artfi aims to transform the art market
Artfi is on a mission to transform the $1.7 trillion visual arts market. Through blockchain technology and NFTs, they offer collectors the opportunity to diversify their portfolios and access the exclusive fine art market.
Artfi’s use of the Polygon blockchain ensures speed, security and ease of transactions. In the field of art, Artfi’s innovative approach bridges the gap between art lovers and iconic works, making it a game-changer in the art industry.
The Genesis Pass whitelist is currently open for registration, and the public sale of Genesis Passes is scheduled for October 2023.
As the Genesis Pass whitelist continues to attract art lovers, it is a testament to the growing interest in fractionalized art ownership, where art is no longer limited to the elite but becomes a shared experience for all.
The post Artfi opens Genesis Pass NFT whitelist for public registration, 25,000+ signups appeared first on Invezz.
