Sm-ART NFT, which we assume is a play on words for Smart NFT, is a platform that offers fractional NFTs, or fractional ownerships of physical art pieces. Some of these physical assets are luxury items such as the Patek Phillipe Nautilus watch. Don’t have the capital? That’s okay, because Sm-Art NFT’s fractional concept is one that lowers the threshold of access to magnificent jewelry, artwork, and more.
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What is Sm-Art NFT?
Let’s take a deeper dive into what Sm-Art NFT is, or was. While there is still a Twitter and Instagram account up for the platform, it’s been a while since there has been activity on either and the website seems to be defunct.
The addition of the Patek Phillipe Nautilus watch to the platform’s inventory has a real-world price tag of around $100,000! Sm-Art NFT will take a 3% fee for every physical piece they handle for the cost of insurance and security, and of course, the business itself.
Sm-Art NFT is one of the first platforms of its kind, utilizing the security and anonymity of blockchain technology, it brings previously out-of-reach art pieces into reality for many investors.
How Does SM-Art NFT Work?
Buying fractional NFTs on SM-Art NFT works similarly to other types of fractionals. Transactions abide by the ERC20 protocols and the fractions that investors buy work like full NFTs and can be sold and bought on secondary markets such as OpenSea.
However, last time we checked, there aren’t a lot of resold pieces on marketplaces like OpenSea for SM-Art NFT’s fractions.
The rest of the process also works like regular whole NFTs. Your transaction will be written on the blockchain for each fractional share you purchase – with proof. Sm-Art NFT supports various types of cryptocurrencies and all assets are compliant with ERC20 standards.
Assets Offered on SM-Art NFT
Aside from the luxurious Patek Phillipe Nautilus, other high-value pieces offered on the platform include photography NFTs from Gabriel Dean Roberts, a multidisciplinary NFT artist who is also a fine art photographer based in NYC.
SM-Art NFT also has masterpieces by abstract artist Pasquale Cuppari, an Italian contemporary painter. Cuppari had exhibited with big names such as Warhol and De Kooning.
In the words of Danny Sangha, who is the co-founder and Chief Technology Officer of SM-Art NFT, “owning high-value items outright is a dream for many people.” He and his team sought to find a solution to this and bring this dream into reality with Sm-Art NFT.
The focus of the platform is not only to own these amazing visual masterpieces but to also appreciate their value in a niche where art interpretation is highly subjective.
Sm-Art NFT is a platform that launched in September of 2021, and while it has integrated valuable pieces of physical art from artists and the Patek Phillipe Nautilus, the website is not operational as of the time of writing. However, the Instagram and Twitter accounts are still up, the Telegram account still exists, and the Facebook page displays a “coming soon” message. We hope the platform has great things planned down the line.