There are now more art collectors than ever, who happen to be the richest in history. The result is a global industry defined by luxury and attracts only the wealthy to compete for a few established artists. However, art is much more than a luxury item; It can be an investment with a little research. This is why most buyers of fine art buy with the intention of increasing the value of their art. Unfortunately, it is unrealistic for the average buyer to own a work of art of this caliber.
Fortunately, with the use of blockchain technology, physical assets can be fragmented, reducing barriers to real estate entry. This reality has been made possible by NFTs, one of the largest emerging markets in recent years, each of which can take one work of art and share it equally between several owners. The belief that the love of art can become universal without discrimination based on social status through fragmentation of property.
The revival of this concept is the QuantArts project, which supports the decentralization of art. The method is designed to simplify, from a collection of masterpieces by some of the most internationally renowned artists of all time, including Salvador Dali and Pablo Picasso, to the ownership of NFT QuantArt. Therefore, by owning a token, holders can own a small portion of the digital and original lot.
“We are very pleased that by using the latest digital technology we can present these fantastic masterpieces not only to a wider global audience, but also to enable everyone to own a small or large part of these masterpieces in digital or NFT format. For us, this not only means that many people will enjoy this great achievement, but also those who would otherwise have little chance of it, let alone a small part of it, have an opinion to use it, says the team.
Designed for more
The collections retain their value through an atmosphere of exclusivity, as each work is produced in a limited edition. In practice, these collections will also be published with a DAO (Decentralized Autonomous Organization) created by the owners of the collections. DAO operates without a central authority, and ensures that the voices of all members of society are heard. Thus, the presence of DAO will help to ensure that the members have a say in the group’s actions.
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The first NFT set on QuanArts is a version by the Spanish surrealist Salvador Dali. His works have often been depicted as dream worlds, where everyday choices are transformed into what can only be described as individual paintings. The sale begins with “Alegoria al Mar” or “Allegory of the Sea”, a work done in mixed media on cardboard. Interested parties can now take joint ownership of this plot, with each NFT 1 of the 6,801 units being exclusive. The painting by Salvador Dalí is currently on display at the David Bardia Gallery in Madrid, where NFT owners are encouraged to visit at any time.
In addition to this unique work, art enthusiasts will earn income from art fairs and lithographs, as well as receive 2% royalty on each future sale of all NFTs.
Wide range of world-class assets
By taking a look at the roadmap, QuanArts is focused on gaining access to a wide range of world-class masterpieces and plans to release its own 24-hour physical exhibition and its digital counterpart to the metaverse. The QuanArts team also plans to develop a mobile application for those involved in the merger process, so that NFT holders can control all their assets in one place.