Welcome to 10101.art, where we’re pioneering the exciting realm of art tokenization. Our innovative approach is reshaping how art is owned and enjoyed, making it more accessible than ever before.
At 10101.art, art tokenization isn’t just a buzzword — it’s a tangible reality transforming the way we own and interact with traditional art. Our mission is to bridge the gap between timeless masterpieces and cutting-edge technology, offering a unique art marketplace for enthusiasts and collectors worldwide to explore the industry in a new way.
We’re not just creating another NFT art gallery — we are crafting a new digital and decentralized space, making fine art accessible globally.
This guide reveals the path to becoming a legal owner of legendary art pieces, making the once-unattainable works reachable.
Art Tokenization: Bringing Masterpieces to Everyone
Imagine taking a masterpiece by Picasso, Warhol, or Banksy — artworks usually reserved for the elite — and transforming them into something everyone can own.
Historically, the art market has been a fortress of exclusivity. The masterpieces of great artists have been out of reach for most, held in private collections or behind the velvet ropes of elite galleries. We believe this old order of things is outdated, and art should be a shared treasure, not a locked-away privilege.
To make this vision a reality, we harness the power of blockchain technology to reform the concept of an NFT art marketplace.
Here’s how it works: with the help of an innovative DeFi protocol, we take renowned artworks and tokenize them — divide them into digital parts in simple words. Each piece is then linked to a Non-Fungible Token (NFT) on the blockchain.
When you buy one of these NFTs, you’re not just buying a digital image — you’re becoming one of the owners of an original physical artwork stored in our partner gallery, Monada Art, in Dubai.
How to Start Your Art Collection: A Step-by-Step Guide
However, to help you navigate this new terrain, here’s a straightforward guide on how to start your art collection in just a few clicks:
1. Connecting Your Wallet:
10101.art operates on the Ethereum network, so your first step is to connect a compatible cryptocurrency wallet to our platform. It’s essential for securely storing and managing your NFTs.
If your cryptocurrency is stored on an exchange like Binance, it won’t work directly with our platform, so you’ll need a dedicated wallet such as MetaMask before you start.
2. Transferring Crypto:
If you’re new to cryptocurrency, you’ll need to acquire some Ethereum (ETH), our platform’s primary currency used for transactions. You can purchase ETH from any major crypto exchange.
Transfer your ETH from the exchange to your MetaMask wallet address. This step is crucial for enabling transactions on 10101.art.
3. Minting a Painting Piece:
Once you’ve finished linking your wallet, click the “EXPLORE” button on our website to view all available art collections. You can sort collections by various statuses, including “NEW DROPS.”
Browse through the collections and select a painting that resonates with you.
Enter the number of parts you wish to own and click “MINT.” The application provides a random selection of pieces, adding an element of surprise to your purchase.
Finalize your acquisition by confirming the transaction in your wallet.
4. Expanding Your Collection:
Once the transaction is confirmed, the minted pieces will appear in your ‘My Collection’ section on 10101.art. From that moment, you are officially a legal owner of a piece of art history!
By following these simple steps, you can begin building a diverse and meaningful art collection, all from the comfort of your home.
FAQs About Art Collecting on 10101.art
Navigating the world of art tokenization and NFTs can be filled with questions. Here are some of the most common inquiries we receive at 10101.art, along with our answers to help clarify the process of collecting art through our platform.
What blockchain does 10101.art operate on?
As we’ve mentioned before, 10101.art operates on the Ethereum blockchain. But we are also exploring using other blockchains like Polygon for future collections, expanding our technological horizons.
How does the art tokenization process work at 10101.art?
Our art experts meticulously select exclusive paintings from leading collectors, auction houses, and galleries. After thorough authentication and approval, these artworks are digitally scanned using high-end equipment.
We then digitize these artworks into NFTs, initiating the primary sale using NFT technology. Once 100% of the painting is sold, these NFTs are available for further transactions. In cases where a painting isn’t fully sold within the set timeframe, all issued NFTs are burned, and a refund option is offered.
How does 10101.art select paintings for tokenization?
We collaborate with top art experts and dealers globally who help us identify potential artworks for tokenization.
Our selection criteria include the artist’s renown, the artwork’s recognizability, and the presence of necessary documentation and expertise to ensure authenticity and value.
What benefits does an NFT owner receive?
As an NFT owner on 10101.art, you get legally verified ownership of an art piece with a confirmed value. This allows you to collect and sell pieces of paintings, enriching your art experience.
Additionally, with the future implementation of DAO mechanics, NFT owners will have a say in the destiny of the painting — such as exhibition locations or sale decisions — and will be able to take part unique events for NFT art collectors.
Can I only buy a part of the painting?
Generally, yes, our focus is on making art accessible to all. That’s why each painting on our platform is sold in parts. This approach allows individuals worldwide to engage with and own a piece of world-class art.
However, for those interested in purchasing an entire painting, we welcome you to contact us directly via email.
Where can I find more details on the purchasing process?
For detailed information on the art piece purchase process, you can check our step-by-step guide.
For the latest updates and exclusive behind-the-scenes, keep an eye on our social media channels.