MANILA, Philippines --UBX, the leading open finance platform in the Philippines, has signed a memorandum of understanding (MOU) with Unit 256 Ventures Inc. to co-develop Artifract.io, a platform that democratizes Fine Arts ownership by fractionalizing them as non-fungible tokens (NFTs). Artifract.io aims to make art more accessible to collectors and enthusiasts, as well as ordinary individuals who are interested in Fine Arts. Through the platform, art institutes that hold exclusive collections can showcase these by making their NFT versions available for purchase in tiles -- staying true to art democratization. Fractionalizing is the process of breaking an NFT into small...
Keep on reading: UBX, Unit 256 partner to future-proof Fine Arts in the Philippines via NFTs
from INQUIRER.net https://ift.tt/3P9uGfm
Keep on reading: UBX, Unit 256 partner to future-proof Fine Arts in the Philippines via NFTs
from INQUIRER.net https://ift.tt/3P9uGfm
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