NFT Art Shares
London Trade Art aims to remain at the forefront of digital change in the art world by applying new, cutting-edge technology to the art market. With this goal in mind, we have developed a novel Pooling Investment service that allows you, for the first time, to buy art shares with NFTs, and thus, obtain fractional ownership of an artwork.
We’ve worked closely with international law firm Withersworldwide, which has developed the regulatory framework and contractual aspects of this model, in order to provide all fractional owners with an art certificate guaranteeing ownership of the shares purchased.
Lapo Simeoni's cutting-edge project, '25.000 euro', is a perfect visual representation of the bridge between art and finance. The market value of the artwork is £25,000, which has been split into 100 individual art shares of £250 each. The artwork consists of a transparent bag placed within a Plexiglas case. It contains a total of €25,000 in €20 bills, which were chopped by the Bundesbank before being collected by the artist.
Each art share has been linked to an NFT using blockchain technology, which will automatically be issued to the buyer once the payment is finalised.