• The Artfi art technology company made the announcement during an X platform Spaces held last month with over 114k people tuned in.
• The Token2049 event that will take place at the Marina Bay Sands, Singapore will bring together Web3 founders and investors.

Artfi, a fast-growing art technology company on a mission to democratize the $1.7 trillion fine art industry, is set to be among the sponsors of this year’s Token2049 in Singapore. The art technology company made the distinctive announcement during a 1 hour and 11 minutes X platform Spaces held on August 25, which attracted over 114k listeners. Notably, this year’s Token2049 is expected to be held between September 13 and 14 at the famous Marina Bay Sands.

During the Spaces on X platform, Artfi revealed that it will exhibit and sell prominent pieces of art during the Token2049 events in a bid to showcase the prowess of fractional ownership. Moreover, the Artfi tech company is laser-focused on redefining the ownership of real-world assets through blockchain technology by enabling art fractionalization.

Artfi and Mainstream Web3 Adoption

The mainstream adoption of blockchain technology is anticipated to be driven significantly by the NFTs. Moreover, the use of NFTs in the real world has not yet been scratched with more utility to be tapped. On the top list, NFTs help streamline the supply chain by ensuring high transparency of the product. The use of NFTs in eliminating counterfeit products is expected to help most companies deliver quality items to customers that can be tracked via the blockchain. 

The NFTs market has as a result attracted a lot of art creators, thereby increasing the value of most artwork items. In a bid to democratize the digital artwork industry, Artfi brings together art enthusiasts with as little as $100 investment. After the fine and rare artwork is sold out through fractionated pieces, which are determined by the Artfi team, the physical artwork is delivered to the Artfi Museum in Dubai.

“Artfi is one of those radical organizations that’s going to change the space,” Faisal Zaidi, Co-Founder and CMO at the Crypto Oasis, noted. “Artfi is going to be that bridge that’s going to help in mass adoption, going to help bring a lot more people to Web3, and it’s going to help a lot more people understand art.”

According to Artfi Chief Executive Officer (CEO) Asif Kamal, every human should have access to any piece of fine art irrespective of their geographical location. Furthermore, blockchain technology has enabled global transactions without the need for third parties through the internet.

“Something that has value as good as money should be offered to the masses,” Kamal noted. 

Founded in 2022, Artfi anticipates attracting millions of art collectors and NFT enthusiasts from all over the world. Mind you, the company has a native token on the Ethereum ecosystem through the Polygon network dubbed $ARTFI, which is used in revenue sharing.