“NFTs Spark a Revolution in Banksy Art”
NFT Platform 10101.art to Launch Fractional Ownership of Banksy’s “Turf War”
As the world of art continues to embrace new technological advancements, the art tokenization platform, 10101.art, is set to introduce the fractional ownership of Banksy’s iconic work, “Turf War.” The highly anticipated event is scheduled for 27 November, offering art enthusiasts the opportunity to own a fragment of the famous piece through blockchain technology and Non-Fungible Tokens (NFTs).
Fractional Ownership: A Revolutionary Concept in Art Investment
The introduction of fractional ownership in the art market promises a revolutionary concept in art investment. Through the use of blockchain technology and NFTs, 10101.art has made it possible for collectors to become co-owners of original works by renowned artists such as Picasso, Dali, and Warhol. This innovative approach not only removes barriers for collectors but also allows them to create a diverse portfolio, grant access to their ownership, and even sell their shares.
Seizing the Opportunity: Banksy’s “Turf War” Presale
With the presale phase set to offer a limited number of pieces at a discounted price of $60, 10101.art has created a lucrative opportunity for art enthusiasts to invest in Banksy’s work. Following the presale, the main sale will commence, with the remaining pieces available at $100. The platform has described itself as a revolutionary ecosystem that aims to bring the classic art market into the digital age, providing accessibility and security to both buyers and sellers.
Guaranteed Authenticity: The Role of Blockchain Certificates
To ensure the authenticity of the artworks and provide legal protection against forgery, 10101.art issues blockchain certificates. This certification guarantees the legitimacy of information about the artworks, offering a secure and transparent process for art transactions.
Nike’s Collaboration with RTFKT Marks a New Era in NFT-Linked Fashion
In other NFT news, the collaboration between Nike and crypto startup RTFKT has brought about a significant shift in the NFT-linked fashion industry. Following its acquisition of RTFKT in 2021, Nike has launched a public pre-sale for its new RTFKT Dunk Genesis sneakers. This partnership has made it possible for anyone to purchase the sneakers without the need to own an RTFKT NFT, signaling a major change in the accessibility of NFT-linked fashion products.
The Integration of NFTs in Nike’s Sneakers
The RTFKT Dunk Ghost Edition and Dunk VOID Edition, priced at $222 each, come with an integrated NFC chip called the RTFKT World Merging chip. This feature allows owners to obtain a digital collectible and link it to the physical product, despite the absence of a mandatory NFT for purchase. The partnership also includes an exclusive pre-order window for existing NFT owners, marking a significant step in the integration of NFT technology into real-world products.
The Future of NFTs in the Fashion Industry
While the specifics of the blockchain used for the associated NFTs are yet to be clarified, the collaboration between Nike and RTFKT is a testament to the growing influence of NFTs in the fashion industry. As the demand for NFT-linked fashion products continues to rise, this collaboration sets the stage for a new era in the intersection of fashion and blockchain technology.
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