In the new, decentralized world, the potential to transform the art world is huge. As web3 infrastructure grows, a number of innovative platforms have emerged, catering to the growing interest in art as a digital investment avenue. Like to put your money where the beauty is? If so, we’ve put together a list of the seven best art investment platforms to explore in 2023.
What is tokenization of art?
Tokenization is the process of converting real-world assets, such as physical items (e.g., art), financial instruments, or digital properties, into digital tokens on a blockchain. These tokens represent ownership or access rights to the underlying asset.
This process creates unique, verifiable, and transferable digital assets. It also offers unique features, such as enabling fractional ownership through art investment platforms. Moreover, it allows assets to be divided into smaller units. This makes it easier to buy, sell, and transfer ownership, thus unlocking new possibilities.
According to Grand View Research, the global tokenization market attained a value of USD 2.03 billion in 2021, and it is projected to experience substantial growth with a compound annual growth rate (CAGR) of 24.09% from 2022 to 2030.
Tokenization blurs the lines between traditional art and NFT art by introducing novel ownership and investment opportunities in both domains.
It modernizes the art market by making traditional artworks more liquid and accessible through fractional ownership while enabling digital artists to create, authenticate, and monetize their unique digital creations through NFTs.
What are the best platforms to invest in art?
Angelo
Angelo is a blockchain-based platform designed to revolutionize the way we engage with and purchase art. This innovative company collaborates with artists and galleries, providing a space for them to showcase and sell their artwork directly to art enthusiasts and collectors.
Angelo acknowledges the longstanding value of art, aiming to make modern art more accessible to a wider audience, regardless of investment background.
Additionally, Angelo stores and maintains physical artworks in specialized facilities to ensure their preservation. The platform organizes exhibitions and events where digital meets physical: users can view selected artworks in person. Users engage in a transparent purchasing process with tokens that ensure authenticity and secure ownership.
- Focus on ultra contemporary art market
- Instant buy of an art fraction
- Opportunity to purchase and collect modern art in real time, fostering a dynamic and inclusive art community
- Ability to buy fine art with a low price
- Customer support limited to web form and Discord
1. Begin by creating an account at www.angelo.app/signup.
2. After your account is verified, you’ll gain access to explore a curated selection of modern artworks.
3. Once you find an artwork you love, you can proceed to purchase it directly through the platform.
Keep an eye out for Angelo’s inaugural airdrop! When you register for the airdrop, Angelo looks at your six-month NFT & crypto transaction history. Depending on your trading activity, you can win one or more Mystery Boxes, packed with fractions of art pieces and Angelo’s native tokens.
SuperRare
SuperRare functions as a cutting-edge platform for issuing, collecting, and trading exceptional digital art supported by non-fungible tokens (NFTs) on the Ethereum blockchain. Each piece of art available on SuperRare is unique and exists in a singular edition, adding to its exclusivity and value.
Operating on the Ethereum blockchain, SuperRare enables artists to mint their artworks directly from their individual, distinctive wallet addresses. This process ensures that every previous bid, sale, and collector’s information is perpetually recorded in the token’s immutable history on the blockchain.
SuperRare presents two convenient options for acquiring NFTs: “buy now” and auctions, granting users diverse ways to participate in the art market. Notably, the platform offers royalties on the primary sale of any artwork, which refers to sales directly from the artists themselves after the initial minting of the artwork.
In this setup, artists receive a substantial 85% of the sale price, while SuperRare retains a 15% commission fee for facilitating the transaction.
1. Link your wallet to SuperRare.
2. Create an account.
3. Select artwork from the marketplace.
4. Press “BUY NOW” to purchase
5. Press “CONFIRM” to complete the purchase.
Zora
Zora is a decentralized auction house, providing creators with the means to mint NFTs and put them up for sale. Through the platform, artists and content creators can effortlessly transform their artworks, songs, videos, podcasts, animations, or memes into NFT collections, expanding the reach and value of their creations.
Recently, Zora introduced the Zora Network, a novel layer 2 blockchain solution. Developed on Optimism’s technology stack, the Zora Network operates as a highly efficient L2 (layer-2) network that remains secured by the Ethereum blockchain. This integration brings forth notable advantages, as it enables faster and more cost-effective transactions for users.
As a result, the process of minting an NFT through Zora Network is now remarkably affordable, with costs amounting to less than $0.50, a significant reduction compared to on-chain minting fees. With these advancements, Zora empowers creators to access a thriving marketplace while optimizing the utility of NFTs in a more eco-friendly and cost-conscious manner.
1. Set up wallet.
2. Connect your wallet to Zora.
3. Fund your wallet with ETH.
4. Verify your Zora profile.
5. Collect or NFTs.
Foundation
Foundation operates as a highly selective NFT marketplace tailored for a handpicked group of artists. To list NFTs for sale on Foundation, artists are required to complete an application process and showcase their art portfolio. For each transaction made on both the primary and secondary markets, Foundation imposes a 5% fee.
The platform stands out with its live bidding system, which facilitates the auctioning of diverse artworks hosted on Foundation. Due to its curated nature, the marketplace boasts a collection of exclusive NFTs, making it a distinctive and sought-after destination for collectors and enthusiasts.
Here, you’ll encounter a unique array of NFTs, making Foundation a haven for exceptional artistic expressions not found elsewhere.
1. Go to the page dwith the NFT you wish to purchase and locate the “Buy Now” option.
2. Proceed with the transaction confirmation within your wallet.
3. Complete the purchase of the NFT by paying the necessary gas fee.
Sloika
Sloika is a curated photography NFT marketplace and community that firmly believes in the significance of photography and visual storytelling within human culture. It is dedicated to empowering photographers by equipping them with cutting-edge tools for the digital renaissance, granting them complete control over photo rights and royalty fees.
The term “Sloika” derives its meaning from the Ethereum founder, Vitalik Buterin’s language, where it signifies “layers.” The name is a clever nod to the Ethereum blockchain, which operates with multiple transactional layers, including L1 and L2. These layers play a significant role in the platform’s functionality and scalability.
Each photo series is accompanied by its unique token, ensuring rarity and exclusivity. Additionally, Sloika implements randomized drops to prevent intense bid and gas wars. Furthermore, the platform supports artist royalties, promoting fair compensation for creators.
1. Obtain a digital wallet.
2. Acquire ETH.
3. Visit Sloika.xyz
4. Select the desired NFT to purchase.
Makersplace
MakersPlace is a marketplace where you can explore and collect one-of-a-kind NFTs. This platform empowers digital creators, providing them with essential tools to safeguard and market their artistic works directly to fans and collectors.
Whether artists, photographers, writers, or other creative individuals, MakersPlace offers a blockchain-powered solution for showcasing and selling their creations online. With MakersPlace, the process is made simple and secure.
Digital creators can easily utilize the platform’s user-friendly tools to digitally sign and upload their works onto the blockchain. This process establishes verifiable proof of ownership and authorship, affirming that the creators are the true originators of their artistic endeavors.
Moreover, MakersPlace has established strategic partnerships with major online marketplaces. This collaboration expands opportunities for artists to syndicate and showcase their work to a wider audience, allowing them to reach more potential buyers and enthusiasts, fostering growth in their creative careers.
1. Sign up for an account.
2. Select an NFT to bid.
3. You can bid with ETH or a credit card.
4. If the creator accepts your bid the NFT is delivered to your account.
Artolin
ArtOlin revolutionizes the way artists and art enthusiasts preserve and authenticate digital content indefinitely, enabling seamless verification of authorship and ownership from anywhere in the world.
With ArtOlin, content creators gain the power to instantly promote and monetize their work without intermediaries. The platform facilitates the generation, purchase, and sale of NFTs, granting artists the freedom to register and certify their digital content effortlessly, rapidly, and securely.
Through the OlinWallet, creators can easily transfer or sell their NFTs, or choose to retain them as irrefutable evidence of authorship. ArtOlin aspires to curate the most exceptional collection of unique digital art.
1. Create and access your OLIN wallet.
2. Navigate to “Create New Wallet,” and the platform will automatically generate a new address for you.
3. Safeguard your wallet by copying your passphrase onto a piece of paper and securely storing it.
4. Deposit some BTC into your wallet to complete the funding process.
The bridge between traditional and digital
Art investment platforms such as these listed above have emerged as a bridge between traditional and NFT art worlds. The convergence of traditional and digital art principles is facilitated by these marketplaces.
Clearly, a new chapter has emerged in the art market. Here, creativity and technology blend to redefine the art investment experience. In many ways, the art example is one of the best arguments for decentralization and tokenization. The future of art is accessible, with better remuneration for creators and more options for the wider population to be involved.
Frequently asked questions
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