ARTFIPrice

(ARTFI)

Artfi is a Web3 platform focusing on the tokenization of Real-World Assets (RWA), specifically fine art. It aims to democratize the global fine art market by fractionalizing high-value, "blue-chip" artworks into thousands of NFTs. This allows retail participants to own portions of prestigious paintings that were previously accessible only to ultra-wealthy collectors. By lowering entry barriers through blockchain technology, Artfi transforms fine art into an accessible asset class for a global audience.

The project was founded by Asif Kamal, a prominent art connoisseur and experienced gallerist. The team also includes high-level experts in blockchain and intellectual property, such as Francis Gurry, the former Director General of the World Intellectual Property Organization (WIPO). This combination of art world heritage and legal expertise ensures the platform operates with professional industry standards and a deep understanding of global intellectual property rights.

The $ARTFI token and its associated fractional NFTs are native to the Sui blockchain. The project chose Sui to leverage its high transaction speeds and low costs, which are essential for handling large-scale NFT fractionalization and maintaining an efficient marketplace. This infrastructure allows users to interact with the platform and manage their digital art holdings with minimal friction and near-instant finality.

The $ARTFI token serves four primary functions: it acts as the marketplace currency for buying and selling fractional NFTs, enables staking for rewards and protocol fee sharing, and provides governance rights for voting on future art acquisitions. Additionally, it features a deflationary mechanism where the project commits 30% of its revenue to a "Buy-back and Burn" program, purchasing tokens from the open market and removing them from circulation to manage total supply.

Each NFT represents a legal claim to a fraction of a specific physical painting. These blue-chip assets are typically stored in highly secure, tax-free vaults or displayed in the Artfi Museum in Dubai. While individual NFTs cannot be redeemed for the physical artwork, if the entire painting is sold to a collector in the future, the proceeds are distributed proportionally to all NFT holders. This ensures the digital tokens are backed by the value of tangible, high-end art.

Artfi prioritizes asset safety by fully insuring all physical artworks against theft or damage while they are in custody. Ownership records are immutably stored on the Sui blockchain, providing transparent proof of holdings. Furthermore, the physical art is held under legal structures designed to protect the interests of co-owners even if the operating company faces changes. For those looking to trade the token, $ARTFI is available on prominent exchanges such as LBank.