ARTIFEST AND NFT??
NFTs and the confused expression that comes with it, yea?, What if i talked about an NFT marketplace?
Here is a broken down explanation.
Non-fungible tokens are unique cryptographic tokens that exist on a block chain and cannot be replicated. NFTs can be used to represent real-world items like artwork and real-estate and can be associated with reproducible digital files such as photos, videos, and audio.
Ownership of the NFT is often associated with a license to use the underlying digital asset, but generally does not confer copyright to the buyer; some agreements only grant a license for personal, non-commercial use, while other licenses also allow commercial use of the underlying digital asset.
NFTs can be used to represent Digital art was an early use case for NFTs, because of the block chain’s ability to assure the unique signature and ownership of NFTs. Block chain technology has also been used to publicly register and authenticate preexisting physical artworks to differentiate them from forgeries and verify their ownership via physical trackers or label. Newer ideas are making their ways to this exciting world and changing the fabric of the industry. This is where Artifest comes in.
Artifest is taking NFTs to the next level b y introducing the only platform which aims to get real world valuable artifacts on block chain. At Artifest we aim to get the valuable articles like Diamond jewelries, Antiques, Sculptures, Paintings, collectibles across all segments, on our platform. This will help all the rare and unique assets to get access to mass audience. Artifest is a platform where NFTs will be minted. People having unique items will be able to use this platform to sell them at an NFT price decided by them. Investors looking for a good item to invest in can buy authentic items and be assured that they have the real, physical piece.
Here’s how it works, A seller brings in his/her item put in a request stating all the relevant information about the item, they will travel to the relevant location and check whether the information provided is correct or not, this checkups are just to authenticate the item rarity. When Artifest receives a request for an item to be put up, a team is dispatched to check the authenticity. We check the item personally and will authenticate it accordingly. Once this is done, the item will be posted on the Artifest platform where it will be made available to prospective investors.
Apart from just buying and selling of NFTs, users can use our unique escrow feature to deposit their physical NFTs bought at Artifest and take loan against their assets from the community. This will give a great liquidity option for your NFTs.
Now you have this much information, hop on and join the train!
Website: https://artifest.io/
Twitter: https://twitter.com/Artifest_io
Telegram: https://t.me/Artifest_io
Telegram Announcement: https://t.me/ArtifestAnnouncement