Real-world asset tokenization platform 10101.art has just been launched at Dubai’s prestigious Ritz-Carlton, introducing a new way to own iconic art pieces. At this exclusive event, attendees were given the opportunity to pre-sale access to tokens representing original works by renowned artists like Banksy and Warhol.
10101.art digitally divides famous art pieces and sells them as tokens, utilizing blockchain technology to enable collective ownership.
Alina Krot, the CEO of 10101.art, expressed her vision: “We believe it’s time for a more welcoming approach to art ownership. 10101.art uses technology and collaboration to create a more enriching experience for everyone.”
Their team of experts carefully selects valuable artworks to tokenize, ensuring authenticity before storing them in Dubai. While the launch announcement mentioned works from other iconic artists like Picasso and Dalí, these aren’t yet available on their website.
The popularity of the Real-World Asset (RWA) market has skyrocketed in recent months, with CoinGecko reporting a combined market cap for RWA tokens exceeding $7.7 billion.
Traditional financial institutions, including BlackRock, also recognize the benefits of RWA tokenization. Their tokenized fund, BUIDL, has seen remarkable growth, increasing from $40 million to $304 million since its inception on March 20—a whopping 660% leap.
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