Some cryptocurrency analysts are already projecting the popular NFT project Domini ($DOMI) has similar growth potential to Ethereum ($ETH). The latter is the second most popular cryptocurrency  and one of the most functional, hosting many other successful blockchains like Polygon ($MATIC), Chainlink ($LINK).

Domini aims to follow suit, first by addressing some of the biggest challenges facing the art industry, such as low liquidity and small markets. It provides a solution that allows a wider range of people to invest in high-end artworks and enjoy profits  as the value of these pieces appreciates. .

The Domini project tokenizes real artwork with non-fungible tokens (NFTs) that are fractionalized so investors and art enthusiasts can own a small portion of them. The original copies of all art pieces tokenized on the Domini network are stored in a vault.

Analysts project Domini ($DOMI) has top ten cryptocurrency potential

Democratizing art ownership is at the centre of Domini’s use case. Taking high-end artworks and making them more affordable breaks down entry barriers, allowing investors from all walks of life to invest in prestigious artworks that they would otherwise never be able to afford. It opens up art markets to everyone with cryptocurrency wallets, creating a more diverse and inclusive art marketplace.

Traditional art markets are known to have limited flexibility and high costs. Domini challenges the status quo with fractionalized NFTs that represent real works of art that are stored in vaults controlled by the Domini project. The dedicated marketplace provides flexibility and liquidity, allowing investors to buy or sell NFTs whenever they choose.

Earning profits through art investments

Art investments are an effective way for investors to diversify their portfolios since art prices aren’t linked with financial markets. Art pieces also tend to hold their value against inflationary forces. 

Artworks have historically been profitable investments since renowned works typically appreciate over time. For example, Pablo Picasso’s Les Femmes d’Alger was purchased for $31.9 million in 1997 and sold for $179.4 million in 2015. That’s a 460% return on the original investment over 18 years.

The Domini project fractionalizes and tokenizes such prestigious artworks, so everyday people can own portions of them and earn profits from future growth. . Doing so significantly improves the liquidity of art markets as fractionalized artworks are traded on the NFT marketplace.

The Domini process

Domini’s team of art experts carefully curates a diverse selection of high-end blue-chip artworks from renowned artists. Artworks that have a history of value appreciation are selected and purchased by the art team. These works are stored in Domini’s secured vault to ensure their safety. .

Each artwork is then transformed into a unique NFT that serves as a digital representation of the original stored in the vault. The NFTs are broken up into smaller shares so investors can purchase them to represent proportional ownership. The process breaks down the value of artworks into more affordable, smaller units.

Ethereum (ETH) outgrows Bitcoin (BTC) in 2023

Ethereum prices have grown a little more than Bitcoin prices in 2023 and some analysts think its highly-improved functionality could someday make it the most popular cryptocurrency to buy. Domini’s price growth projections being compared to Ethereum is a major compliment.

Ethereum will likely see more growth before the year ends, but it won’t keep up with Domini’s ($DOMI) 2023 growth.

Summary

Domini is already generating lots of investor interest thanks to the solutions it provides by making high-end art pieces more affordable by tokenization. Prices are expected to rise substantially once the project is officially launched, making it one of the best cryptos to invest in to have on your radar this year.

For Info about $DOMI, visit the Domini presale or Join the Community