SmarterWorx Innovates Art Market with Fractionalized NFTs – ApeCoin and BAYC Holders Show Interest – Crypto Mode

Physical artwork often sells for extremely high prices. Some masterpieces sell for millions of dollars, like Banksy’s $25 million Love Is in the Bin artwork. In the digital art sector, collectibles sold for extremely high prices amid the NFT craze in 2021. For instance, Beeple’s Everydays: The First 5000 Days sold for $69 million. Owning such art pieces is limited to high-net-worth individuals only.
But the whole point of blockchain technology is to decentralize operations. With SmarterWorx, the long wait for decentralizing the art space is finally over. The protocol allows users to own art pieces through fractionalized NFTs collectively. This way, you don’t need to have millions to acquire a masterpiece from your favorite artist. And holders of other NFT assets like ApeCoin and BAYC are keenly observing SmarterWorx’s progress.
SmarterWorx is an Ethereum-built platform that deploys fractionalized NFTs for art ownership. The platform simplifies art investment by tokenizing physical pieces, like paintings, and issuing fractionalized NFTs (F-NFTs). These NFT denominations are more affordable to purchase. The investors earn revenue when the artwork and its connected NFTs are sold.
SmarterWorx holds a catalog of high-value art pieces purchased at a relatively low price. The platform acts as a value chain by tokenizing physical artwork to imprint its authenticity in the digital space. After value addition, the protocol sells the pieces and connected NFTs for mega profits. Half of this profit is disbursed to investors owning the fractionalized NFTs. The rest of the revenue is deployed to facilitate token deflation for SmarterWorx’s native $ARTX crypto.
Another way SmarterWorx funds its art purchases is through buy-and-sell tax fees. Transactions on SmarterWorx incur a 6% buy tax and a 10% sell tax, with 2% and 4% going to the treasury, respectively. The treasury funds are used to collect new artwork. So, the project is self-sustaining.
ApeCoin is a decentralized ecosystem governed by the ApeCoin DAO to power a decentralized governance ecosystem. The APE ecosystem is fueled by the $APE token, the platform’s native token. Holders can deploy $APP to vote on various proposals and influence the APE Foundation’s decision-making.
Compared to SmarterWorx, ApeCoin’s decentralization lags and is extremely limited. The platform hasn’t introduced fractionalized NFTs. $APE has plunged 90% from its $39.40 all-time high in March 2022.

Bored Ape Yacht Club (BAYC) is one of the most coveted NFT collections in the sector. The 10,000-piece Bored Ape collection has A-list celebrity ownership, including Justin Bieber, Snoop Dogg, Steph Curry, and Jimmy Fallon.
The BAYC collection is barely affordable for retail investors. Its current price floor is 67 ETH (about $90,000 as of December 2022). The ape owners also enjoy additional perks to access the Ape Club.
Art lovers are extremely limited from enjoying or owning the art they love. Conventionally, you require massive capital input to start owning artwork. Now, SmarterWorx simplifies art collection with fractionalized NFTs. At the right price, SmarterWorx can purchase a BAYC and issue fractionalized NFTs for the piece. Besides, investors earn revenue when the platform sells the artwork and NFT. Also, as a decentralized platform, you can participate in decision-making on SmarterWorx.
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