By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Luxury Crypto: Knightsbridge NFT Division Enters the World of Fine Art
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Lifestyle > Art > Luxury Crypto: Knightsbridge NFT Division Enters the World of Fine Art
2022

Luxury Crypto: Knightsbridge NFT Division Enters the World of Fine Art

Paul Ebeling
Last updated: March 13, 2022 6:00 pm
Paul Ebeling
Share
5 Min Read
SHARE

#art #artists #knightsbridge #luxury #crypto #digital #assets #NFT #mint #blockchain #DiFi

“For millennia artists sold their work to museums, galleries, or individual collectors, then the artist would get an agreed value for their work, which was often kept in private vaults and displayed to the public intermittently” –Paul Ebeling

Now, with the advent of NFTs artists are able to offer their works for sale as a digital collectibles. Through these blockchain-enabled digital assets, the artist can in certain instances maintain ownership of a piece of their art plus receive royalties from sales made in the secondary market.

NFTs have changed the art scene as artists no longer have to rely on galleries and museums as their sole medium through which they can sell their work. Having realized this was coming about 4 yrs ago we here at Knightsbridge moved to facilitate this shift in perspective to allow for greater freedom and choice in the artists’ work, while bringing in new audiences/buyers and artists to NFTs.

NFTs are changing the world and the art world is increasingly looking toward crypto. But, it is not a get-rich-quick scheme that is portrayed by the main stream media.

While contemporary art is often augmented with technology, we believe that there will always be a place for traditional artwork in galleries and auction houses.

But, a Key aspect of NFTs is that they offer an opportunity for new artists to get a market for their art, especially for artists who are not able to enroll in prestigious fine art graduate programs. On Knightsbridge’s platform, selected artists can sell their work directly to collectors and without the need for intermediaries. They no longer have to worry about geographical, financial and educational barriers.

This is the future of contemporary art and in selected instances fine and the finest fine art works.

Editor’s Notes: NFTs are non-fungible blockchain assets. By contrast, when you exchange one Bitcoin for another, you are essentially retaining the same asset just as you would if you exchanged one dollar bill for another dollar bill. Since these assets are fungible, they can be traded 1-1 without losing any value or changing the nature of the asset.

NFTs are different, they are unique works that are codified on a blockchain and cannot be modified or replicated. Since no 2 NFTs are the same, they cannot be traded on a 1-1 basis like fungible tokens or bank notes. Authors of artwork or other digital documents mint NFTs, which become the only verifiably original version of the work, with all other copies being just that: copies.

What started as a fringe hobby among blockchain enthusiasts is now a full-fledged industry powered mostly by speculative art buyers looking to turn a profit on their investments. And Knightsbridge is bringing NFTs to market in original and very lucrative ways, as this technology paves the way for decentralized, peer-to-peer transactions without the intervention of an intermediary. It is a revolution that goes far beyond the art market.

The blockchain is not just a solution at the consumer’s end. It is a solution to fine art’s great verification problem.

The Big Q: Once an artist has passed away, how can one differentiate between an original and a very sophisticated fake?

The Big A: Fully digitizing the works, and keeping a ledger, is an option for an industry which estimates that up to 50% of artwork in circulation could be forged.

With very fine art traditionally a pursuit of the ultra-wealthy, the ability to purchase fractions of artwork brings the market to a broader consumer base, plus there are significant benefits to those who trade fine art as an asset class, with competitive brokerage fees.

Have a healthy, prosperous week, Keep the Faith!

You Might Also Like

Understanding the Dow Jones Industrial Average

Saudi Arabia’s Digital Revolution

De-Dollarization Is Inevitable

US Bombs Iran: Escalation and Implications

Bitcoin Dip Is Your Opportunity

TAGGED:artartistsassetsBitcoinblockchaincryptoDeFiDiFidigitalknightsbridgeluxurymintNFTrevolution

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   
Previous Article Sharing My Passion for Real Food Made at Home
Next Article Health: Nutrients for Improving Eye Health


Latest News

USA Bombs Iran
America Gold Headline News Middle East Opinion Politics Shayne Heffernan Shayne Heffernan June 21, 2025
Eight Killed in Brazil Hot Air Balloon Crash
Headline News Travel June 21, 2025
Iran Rocked by 5.1-Magnitude Earthquake
Headline News June 20, 2025
Israel vs. Iran: Missiles, Military Hardware, and Personnel
Headline News Politics Shayne Heffernan June 20, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?