Nuwart, a platform for decentralized Art ownership

Nuwart has unveiled its platform, the one that enables users to join together in the collective purchase of artworks from renowned artists such as Warhol, Rodin, and Picasso.

(PRESS RELEASE) PARIS, 27-Dec-2022 — /EuropaWire/ — Nuwart, a Paris-based startup, has launched a platform that aims to democratize the art world and make fine art pieces more accessible to the masses. The platform allows users to participate in the collective purchase of artworks from well-known artists such as Warhol, Rodin, and Picasso, becoming real owners of the original pieces. Nuwart is a decentralized ecosystem for art that utilizes blockchain technology to list fine art pieces in crowdfunding campaigns, ensuring that even if Nuwart were to shut down, the legal rights of the owners would remain intact.

One of the most innovative aspects of Nuwart is that it allows users to buy collectively and hold a stake in a Decentralized Autonomous Organization (DAO). Each art piece is owned by a community of co-owners who can vote on what to do with it, making every individual participation backed by real value as it represents ownership of the physical artwork. Nuwart’s business model is fair and transparent, as the company only receives a commission after a sale is completed. If a presale is not fully funded, all investor funds will be returned automatically through a smart contract.

The founders of Nuwart, Arnaud Sarrade and Pedro Gallardo, bring a wealth of knowledge and experience to the platform. Sarrade has a background in the art world, while Gallardo has expertise in blockchain technology. Their shared vision is to make the art market more accessible, transparent, and fair through education and accessibility, with the goal of becoming the art blockchain leader.

In addition to featuring well-known artists, Nuwart also plans to promote up-and-coming talents such as Kosolapov, Jim Shaw, and Li Lihong. The platform will also offer the opportunity to purchase individual NFTs, starting with Li Lihong’s Mickey and Apple limited series. Buyers of individual NFTs will receive the purchased artwork at home, with NFT technology being used to track and transfer ownership.

Nuwart’s early launch has already garnered attention and excitement from art enthusiasts around the world. The platform plans to launch its first presale on January 1, 2023, and registrations for the waiting list are already open on www.nuw.art. This is a unique opportunity for art lovers to own a piece of fine art and have a say in its future, all while supporting the artist community. Nuwart’s innovative approach to the art market promises to bring the world of fine art closer to the people and make it more accessible and transparent for all.

Media contact:

Julia Hernández
PR Manager
https://nuw.art

Logo:

Nuwart logo

SOURCE: Nuwart