At a time where trends indicate that technology and creativity are on a collaborative streak, another groundbreaking revolution is underway. At the forefront of this revolution stands 10101.art, a project using blockchain technology to change the very concept of art ownership. Through collective ownership of physical paintings by esteemed artists and a commitment to authenticity, this initiative aims not only to motivate artists but also to forge a new frontier in the art market.
What is the origin story of 10101.art?
Right after the NFT hype, we started to look into the possible uses of technology in different sectors. While thinking about this, I found that blockchain could work as a good solution for art ownership because I love art so much. So we came up with 10101.art.
Did something happen on the 15th of this week? Can you talk about it?
Yes! On Monday, we went to a conference on blockchain, where we exhibited our paintings and began the pre-sale. In the evening, we held a private networking event to celebrate the official launch of our project. It was amazing.
Is the pre-sale still happening? What are some pieces that are available for purchase right now?
Yes, it’s still in progress. We’ve got Banksy’s “T 4” print and Andy Warhol’s “Campbell Soup” in stock at the moment. These prints are iconic and very valuable.
When 10101.art is brought up, we often hear people speaking about the “art revolution.” How does this project change the art industry?
What our project does is use blockchain technology to make ownership of pieces of art transparent. This also incentivizes creators by introducing royalty mechanisms, which not only verifies their authenticity but also adds value to them. Moreover, by splitting ownership into fractions, we are widening the market for artwork.
What do you predict will happen in terms of tokenization with real-world assets going forward?
Real-world asset tokenization has become increasingly popular as it ensures transparency and improves efficiency. It simplifies processes in different sectors, such as property and artwork, while making use of blockchain technology more common, which means that we should expect an increase in this trend.
How can you guarantee the authenticity of what you sell?
We collaborate with industry veterans, including art dealers and experts, who boast several years’ worth of experience working in these areas. Each item undergoes thorough checks by them so that we can be sure our clients get authentic pieces.
Are there any specific rules for picking paintings to include in your collection?
Right now, what we do is select the works of famous artists so as to gain trust and attract attention. Nevertheless, once we expand our offerings, we are ready to cooperate with unrecognized creators.
Please explain the idea behind shared art ownership.
By enabling several people to have joint ownership over a physical artwork, collective art ownership makes it possible for more individuals to access such pieces. This method provides convenience and affordability, which in turn broadens the base of art consumers.
What does 10101.art plan on doing next?
We keep enhancing our platform with new features that will improve the user experience. Some of the things we are working on include secondary market access, minting capabilities, and decentralized decision-making mechanisms for artwork management, among others. These developments have great potential for revolutionizing the world of art as we know it today.
Conclusion
10101.art stands for more than a simple project; it is a sign of change in the art world. It wants to make ownership of art democratic, encourage people to be creative and establish an inclusive market for artworks by using blockchain technology. All that changes as this undertaking progresses but one thing doesn’t: the revolution in art has already started and 10101.art is at its forefront.
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