While NFTs and NFT art have dominated the headlines recently, a new form of art ownership and investment is gaining momentum: symbolic fine art. But what is the difference? With an NFT, or non-fungible token, the token itself is the asset, and usually associated with a single image. But with tokenized assets, the token represents a stake in a physical asset, like fine art. Parallels can be seen with how stocks work, but the entire process and holdings exist on the blockchain instead.
Freeport, a recently launched art investment platform, aims to democratize and demystify symbolic investment in the fine arts. There are a number of ways Freeport sets itself apart from other platforms on the scene. Freeport splits blue-chip art through SEC-qualified offerings, such as Regulation A, providing peace of mind and confidence for people new to the art market, blockchain technology, or both. On top of that, Freeport makes full use of blockchain technology. Built on the Ethereum blockchain, Freeport’s assets are capable of engaging with a wide range of protocols and platforms that exist on major blockchains.
A preview of one of Freeport’s digital galleries. Courtesy of Freeport.
The way investors interact with and valuations between NFTs and token fine art are also wildly different. Unlike NFTs, which can only reside in one wallet and are entirely digital, owning shares on Freeport, which are backed by physical artwork assets, not only allows you to hold tokens in your own wallet , but to display your favorite works of art from the platform independently. bet size in Freeport 3D Gallery feature. Additionally, and perhaps most importantly, the NFT market has been marked by extreme volatility, influenced by rapidly rising and falling hype or even whether or not a tweet goes viral. This is where top notch craftsmanship comes in.
Top-notch art is art created by well-known artists, who have set records for appreciation. Freeport’s curatorial team meticulously reviews market trends and art sales data to select works with a strong track record of appraisal and relevance. Recently, for example, the platform offered a suite of four works of prints by Pop art icon Andy Warhol. The value – both monetary and cultural – of top-notch artists and artworks has a solid history that can be referenced and exploited and is not subject to the same unpredictability as NFTs.
Whether you’re familiar with blockchain technology and want a more convenient art collecting experience, or just want to engage with the blue chip art market to diversify your portfolio – without knowing it all -doing digital – Freeport is a great place to start your art investing journey.
Learn more about investing in fine art with Freeport here.
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