ARTFI

By fractionalizing artworks and using Sui’s dynamic NFT technology, Artfi is making it possible for more people to invest in world-class art. Asif Kamal wants everybody to be able to own a Picasso — or at least a piece of one.The global art market sees $65 billion to $70 billion in sales annually, primarily filtering through six major institutions, including Sotheby’s, Christie’s, and Bonhams. Investing in blue-chip art can be lucrative. However, it has been impossible for regular people who don’t have the ability to spend millions of dollars on a single piece of art.Kamal thinks it’s time for that to change. Over the decades, Kamal points out, it’s become possible for individuals to invest relatively small amounts of money in commodities like precious metals, bonds, securities, and equity. The goal behind his company, <a href="https://www.artfi.world/?ref&#61;blog.sui.io" rel="noopener noreferrer nofollow">Artfi</a>, is to turn high-end art into another asset class that’s accessible to the masses.Artfi, which launched earlier this year, is using the blockchain to democratize art investing. By leveraging Sui’s unique <a href="https://blog.sui.io/all-about-objects/" rel="noopener noreferrer nofollow">object-oriented data structure</a>, <a href="https://sui.io/zklogin?ref&#61;blog.sui.io" rel="noopener noreferrer nofollow">zkLogin</a>, <a href="https://blog.sui.io/kiosk-revolutionizing-digital-asset-transfers/" rel="noopener noreferrer nofollow">Kiosk</a>, and other technologies, Artfi is transforming the way art investment works and is bringing Web3 capabilities to a historically low-tech industry. “Sui&#39;s unique object-oriented mechanism not only makes the process super fast and smart but also ensures safety for all parties involved while maintaining immutability,” said Kamal. “In addition, the Move programming language enhances the security, efficiency, and functionality of smart contracts and digital assets on Sui.” Read the full Blog below; https://blog.sui.io/artfi-fine-art-investing/

Artfi Brings Blue-chip Art Investing to Sui

Artfi

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