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What is Artfi (ARTFI)?

Artfi basic info

Name:Artfi
Ticker:
ARTFIBuy now
Introduction:

What is Artfi (ARTFI)?

Artfi (ARTFI) is a pioneering investment platform designed to revolutionize the traditional art world by merging it with the innovative Web3 infrastructure. Its mission is to democratize the $1.5 trillion fine art and collectibles market and allow nearly anyone to enjoy the financial benefits of investing in iconic blue-chip artworks by world-famous artists. By harnessing the power of blockchain technology and NFTs, Artfi makes it possible for retail investors, family offices, fraction traders, and art enthusiasts to collectively own million-dollar works of art and gain access to an alternative asset class for portfolio diversification.

Who Created Artfi (ARTFI)?

Artfi was founded by Asif Kamal, a renowned art connoisseur and collector. Kamal is also the founder of Alturaash Art, an international art house based in Dubai and Delhi. His deep understanding of the art world has been crucial in shaping Artfi’s vision.

Co-founder and COO, Aly Raza Beig, brings a wealth of experience in Web3 technologies. He is also the founder of BoredPuma, a leading creative agency in the Middle East focused on Crypto, NFTs, and Blockchain Development.

The team is supported by Francis Gurry, an internationally recognized expert in intellectual property. Gurry served as the Director General of the World Intellectual Property Organization (WIPO) from 2008 to 2020.

Raza Beig, an avid art collector and CEO of the Splash fashion brand, adds his expertise in art, fashion, and creativity to the team.

Her Highness Sheikha Hend Faisal Al Qassemi, an accomplished architect, artist, and entrepreneur, is also part of the team. She is the CEO of Paris London New York Events Publishing (PLNY), which includes Velvet Magazine, House of Hend fashion house, and The Flower Cafe.

Sameh Sadaqa, the Lead Blockchain Engineer, brings his skills in building smart contracts and developing NFT marketplaces to Artfi.

What VCs Back Artfi (ARTFI)?

Artfi is backed by notable venture capital firms, including Sui and DWF Ventures. Their support has been instrumental in bringing Artfi’s vision to life, providing the necessary resources to develop and expand the platform.

How Artfi (ARTFI) Works

Artfi’s process can be broken down into several key steps: Selection, Acquisition, Fractionalization, Trade or Hold, Sale, and Royalties.

Selection

Artfi’s world-class art experts carefully select distinguished works of art for acquisition. Only artworks with impeccable provenance are considered, ensuring that the pieces in the Artfi collection are of the highest quality.

Acquisition

Artfi acquires artworks on consignment from sellers. This means that Artfi does not purchase the artworks outright but rather holds them on behalf of the sellers. This approach ensures that only authentic and high-quality pieces are included in the collection.

Fractionalization

Once an artwork is acquired, it is fractionalized into multiple NFTs. Each NFT represents a fraction of the artwork, allowing multiple people to own a piece of it. The Artfi team determines the number of fractions for each artwork, which directly affects the price of each NFT. The physical artwork is displayed in the Artfi museum in Dubai once all NFTs are sold.

Trade or Hold

Artfi NFTs are liquid, meaning they can be traded on the Artfi marketplace at any time. Investors have the option to hold onto their NFTs or sell them to others. Additionally, users can stake their NFTs to receive a portion of royalties from secondary market trades.

Sale

After a period of time, when market conditions are favorable, Artfi may approach the community for permission to sell an artwork. If the community agrees, the artwork is sold, and each NFT holder can redeem their NFT for their share of the revenue generated from the sale.

Royalties

Every sale on the secondary market includes a percentage of royalties. These royalties are divided into three categories:

● Community Royalties: A portion goes to the community of Artfi NFT holders.

● Minter Royalties: A portion goes to the minter who originally bought the Artfi NFT during the primary sale.

● Artist Collector Royalties: A portion goes to the artist or collector who consigned the artwork with Artfi.

ARTFI Goes Live on Bitget

ARTFI is the native token of Artfi. Trading ARTFI on Bitget offers a unique opportunity to engage with Artfi's innovative revenue-sharing model.

As a deflationary utility token on the Sui blockchain, ARTFI tokens facilitate NFT marketplace payments, reward stakers, and act as a store of value. With a buy-back and burn mechanism that allocates 30% of revenues from commission fees and artwork sales to burning tokens, the supply is continually reduced, potentially increasing value over time. Holding ARTFI tokens also provides benefits like early access to exclusive art offerings and participation in revenue distribution. As Artfi grows and generates higher revenues, the value of its tokens is expected to appreciate, reflecting the platform's success and offering long-term value to its holders.

So trade ARTFI on Bitget right now to get the first-mover advantage of a new art world!

How to Trade ARTFI on Bitget

Listing time: June 17, 2024

Step 1: Go to ARTFIUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

Trade ARTFI on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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Current price:
All-time high:$0.03968
All-time low:$0.008128

ARTFI supply and tokenomics

Circulating supply:130,368,000 ARTFI
Total supply:1,000,000,000 ARTFI
Max supply:1,000,000,000 ARTFI
Market cap:$2.07M
Fully diluted market cap:$15.85M

Links

Buy Artfi for $1Buy ARTFI now

What is the development prospect and future value of ARTFI?

The market value of ARTFI currently stands at $2.07M, and its market ranking is #1627. The value of ARTFI is not widely recognized by the market. When the bull market comes, the market value of ARTFI may have great growth potential.

As a new type of currency with innovative technology and unique use cases, ARTFI has broad market potential and significant room for development. The distinctiveness and appeal of ARTFI may attract the interest of specific groups, thereby driving up its market value.

What will the price of ARTFI be in 2025?
Based on ARTFI's historical price performance prediction model, the price of ARTFI is projected to reach $0.01941 in 2025.
What will the price of ARTFI be in 2030?
In 2030, the ARTFI price is expected to change by -6.00%. By the end of 2030, the ARTFI price is projected to reach $0.03467, with a cumulative ROI of +119.92%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ARTFI and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is ARTFI worth investing or holding? How to buy ARTFI from a crypto exchange?

If you want to buy ARTFI, the following information may be helpful for your investment decisions:
In the last 7 days, the price of ARTFI has fallen by -36.36%, leading to negative returns for most ARTFI investors. The market is currently pessimistic about the price trend of ARTFI.
It is important to note that the current price of ARTFI has retreated by -60.06% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether ARTFI is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ARTFI or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of ARTFI, if you want to buy or sell ARTFI, you can consider Bitget for your trading needs. The best place to buy ARTFI is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Artfi has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Artfi. Here's a step-by-step guide on how to buy Artfi on Bitget.

How to get Artfi through other methods?

Using cash to buy Artfi is not the only way to obtain Artfi. If you have the time to spare, you can get Artfi for free.
Learn how to earn Artfi for free through the Learn2Earn promotion.
Earn free Artfi by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Artfi airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Artfi through Bitget Convert, Bitget Swap, or spot trading.

What is Artfi used for and how to use Artfi?

The use case of Artfi may expand as the crypto market and the project itself develop. Currently, you can use ARTFI to achieve the following goals:
Arbitrage by trading ARTFI: Since ARTFI is a frequently traded cryptocurrency, the price of ARTFI is always fluctuating. Earn more ARTFI by buying low and selling high on the exchange. Bitget spot market provides a variety of ARTFI trading pairs to fully meet your needs.
Earn by staking ARTFI: You can also generate income through financial management methods such as staking ARTFI or lending ARTFI. Bitget Earn offers a variety of financial products designed to help you earn more income from your ARTFI.
Send or pay ARTFI: If you want to give ARTFI to your friends, a charity, or a fundraiser, or you want to pay someone with ARTFI, you can quickly and easily send ARTFI to the recipient through their payment address.
You can also go to the official website of the Artfi project to learn more about the use cases of ARTFI. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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