FAL Features
Imagine a world where art ownership is secure, transparent, and efficient. The Fine Art Ledger works to make this a reality. Our blockchain and NFT-based platform streamlines art transactions, protects against forgery, and provides unparalleled provenance and opportunities for art promotion and learning – empowering collectors, galleries, artists and museums to focus on what matters most: the art.
The Fine Art Ledger aims to revolutionize the art industry by providing a secure, transparent, and efficient platform for art commerce and authentication.
Here's an overview:
Digital Certificates:
Unique immutable digital certificates are created for each artwork, containing essential information such as title, artist, materials, size, ownership and ownership history.
Blockchain and NFT-based Registry :
These certificates are generated from NFTs and the blockchain, ensuring their immutability and protected nature.
Verification:
Artworks are verified by scanning a QR code or NFC tag linked to the digital certificate. FAL also uses image recognition technology to identify artworks.
Sales and Transfer of Ownership:
When an artwork is sold or transferred, beneficial ownership in the artwork NFTs are transferred to the buyer's own FAL catalog and recorded on the blockchain, maintaining an accurate record of ownership.
Key Components
Authenticity:
Mobile phone verifiable ownership and provenance to combat forgery and reduce risk of buying counterfeit art.
Transparency :
Immutable record of artwork authenticity and artwork history easily accessible with a tap of a mobile phone. Choose permissions to keep information confidential.
Verification:
Artworks can be verified by scanning a QR code or NFC tag linked to the digital certificate.
Efficiency:
NFTs are used as ownership interests in the underlying physical or digital artworks providing for streamlined transactions supported by immutable NFT-generated digital certificates of authenticity and smart contract regulated transfer and payment.
Art Learning and Promotion:
Tell the art and artist's story by adding images, videos, links, buy-now buttons, audio clips, Augmented Reality and other rich content. Update content and reach buyers even after the work is sold or a prospect has left your gallery.
Ownership Control and Management:
Hold and manage all your art assets digitally with all your art information stored in the artwork itself. Inventory, track and access all your art info with the tap of a mobile phone.
Value Appreciation:
Enhanced art value through verified authenticity and provenance.
Benefits
Target Audience
By leveraging blockchain and NFT technology, the Fine Art Ledger provides a secure, decentralized, and transparent solution for art authentication and provenance, benefiting stakeholders across the art world.