Artfi’s Platform Draws Over 25,000 Enthusiasts Ahead of Tokenized Art Launch

Artfi, an avant-garde art tech startup, announced on October 11 that it has made its Genesis Pass whitelist available for public access in light of its impending official launch.

Those in possession of the Genesis Pass non-fungible token (NFT) – a tally of 10,000 individuals – will soon be able to obtain fractionalized pieces of artwork via Artfi. This innovative endeavor kicks off with the distinguished ‘The Six Elements’ series crafted by the illustrious Sacha Jafri, as reported to Finbold by the company.

The excitement surrounding Artfi’s inaugural offering is palpable, with a staggering 25,000 plus registrants vying for the whitelist. This debut, which features Jafri’s art, will underscore Artfi’s capability to render tokenized art pieces attainable to a broader spectrum of enthusiasts.

The core principle of fractionating artwork into shared portions is to amplify ownership and liquidity, democratizing the realm of prized art for more aficionados.

Interestingly, ‘The Six Elements’ by Jafri is a compilation of six tangible, not digital, paintings. While Sacha Jafri did collaborate with Rolls Royce on the Phantom cars, it was his individual artistic vision that birthed the Six Elements series. These paintings echo themes of Earth, Air, Fire, Water, Wind, and Humanity as the pivotal sixth component.

Owners of the Genesis Pass are set to receive one of the 10,000 pieces from “The Six Elements”. Beyond this, they will be granted access to subsequent fractionalized art sales via Artfi and will be beneficiaries of a complimentary token airdrop.

Jafri’s association with Artfi stems from the platform’s aspiration to widen art access through fractional ownership. His ambition is that Artfi serves as a conduit for the masses to revel in and possess fragments of his artistic creations.

Jafri expressed, “‘The Six Elements’ is my first fractionalized collection. It’s a really cool opportunity to be part of the elements that make up our world and all humanity. Artfi doing this, through the democratization of art, opens up the opportunity for those who otherwise wouldn’t have had one. There’s a real chance that one creation, one moment, one part of my soul can now be owned by thousands of people. That’s a beautiful thing.”

Jafri’s prowess in the art domain is further evidenced by the fact that one of his pieces stands third in the record of the loftiest prices fetched for art by a living artist. His monumental ‘Journey of Humanity’ canvas, which holds the distinction for the world’s largest canvas, was auctioned off at a staggering $62 million in 2021 after a meticulous seven-month crafting period.