The journey of 10101.art began in early 2023. Our founder, Irina Garasymiv, recognized the emerging interest in blockchain technologies and Real World Asset (RWA) tokenization not just as a passing trend, but as a foundation for a new chapter in how we engage with the art world, including redefining its path forward. She envisioned moving beyond the traditional, individual approach to art and toward a shared experience made both possible and secure through blockchain. This vision is built on blockchain and RWA tokenization’s unique ability to enable collective ownership seamlessly and securely. In the context of 10101.art, blockchain acts as a transparent digital ledger, recording every transaction. This means when you purchase a token representing part of an artwork, that transaction is permanently recorded. Your ownership of the art piece is secure and transparent, bringing a level of trust to collective ownership that was once hard to come by. Furthermore, our specific use of RWA tokenization divides a physical artwork into digital tokens, each representing a partial ownership of an original artwork itself. Smart contracts on the blockchain detail and automate the specifics of this ownership, clarifying and ensuring each token’s holder gets a fair deal. By integrating these technologies, 10101.art tears down the usual barriers to art ownership, such as high costs or the need for exclusive access. They make it possible for anyone to buy, sell, and own art collectively, securely, and transparently.
By joining 10101.art, people fulfill a vital social function: they help bring masterpieces out of private collections and into the public eye, turning them into a shared cultural treasure. – says Irina, and that is what 10101.art’s mission is all about.
For more detailed information about the history of 10101.art, you can explore the article in our blog.