The ERC20 protocol is used to fractionalize assets. On the marketplace, these fractions may then be purchased and traded. Using blockchain technology and asset tokens demonstrating fractional ownership, digital replicas of the goods are generated as NFTs and offered for sale on the platform.
Asset tokens may be bought with any of a number of altcoins, depending on the seller’s preferences. The Ethereum ERC20 standard is followed by all tokens denoting asset shares.
Danny Sangha, co-founder and CTO of Sm-ART NFT, goes on to describe: “Owning great art and luxury jewelry entirely seems to be out of reach for several people, but thanks to Sm-ART NFT, anybody with a passion for art and investing may enjoy the pleasure of owning a treasure. We intended to create Sm-ART NFT to provide individuals the chance of making fabulous investments – not just with respect to monetary appreciation, but in terms of co-owning something aesthetically appealing.”
“There’s also the benefit of making art more available to everyone; costly artwork is often held and maintained by private collectors, but we intend to join hands with with galleries to allow them to keep their works on public display for the world to view, while generating money for future purchases.”
Photographs by multidisciplinary artist Gabriel Dean Roberts, masterpieces by Pasquale Cuppari, who has shown beside Warhol and De Kooning, and a Patek Philippe Nautilus watch are among Sm-ART NFT’s initial assets. The whole asset library, which is expected to grow significantly in the coming months.