The concept allows investors to take part in such investment opportunities with a much smaller stake. In the case of the newly acquired and discontinued Nautilus 5711/1A-010, asset token NFTs are available from $100 USD.
Blockchain ownership of assets is fractionalized using the Ethereum ERC20 protocol, which can then be traded on the Sm-ART NFT or other platforms such as OpenSea. These asset token NFTs can be purchased using a range cryptocurrencies.
Danny Sangha, co-founder and CTO of Sm-ART NFT, said: “We are delighted to have added this stunning Patek Phillipe watch to our collection of luxury assets,” said Danny Sangha, co-founder and CTO of Sm-ART NFT. “Owning high value items outright is a dream for many people, but with Sm-ART NFT, this can become a reality and allows those with an interest in fine art and luxury masterpieces the opportunity to not only make a beautiful investment in terms of financial appreciation, but also to co-own something that is visually spectacular.”
Sm-ART NFT, which offers a mix of NFT and physical fractional ownership assets, has attached a realistic $100,000 USD value to the watch and, as with any physical object they fractionalize and sell, takes a 3% stake as a business, which allows it to handle secure storage and insurance.
Other physical assets held by Sm-ART, which can be viewed on the company’s website, include photography by Gabriel Dean Roberts, a Ralph Steadman sketch and pieces by painter Pasquale Cuppari.
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