Media Bricks has built and developed a new concept of digital walls using non fungible bricks(NFBs) — an interesting succession to non fungible tokens(NFTs), that enable multiple investors to co-own a single piece of artwork.
These NFBs differ from regular NFTs in that they use bricks in a digital wall to fractionalise the artwork into a specific number of shares predetermined by the owner, who initially sets the NFB price.
These NFBs provide a fun and interactive platform for investors who plan on owning valuable artwork or supporting new artists.
Fractional NFBs spread the cost of the artwork ownership over a wide range of paticipants, making it possible for an artist to sell their work to a group of investors.
Robbie Jebb, CEO of the of Media Bricks group of global NFB platforms — explained that NFBs “encourage more people to enjoy the benefits of asset ownership for a small amount of upfront capital, creating more inclusivity for those who would otherwise miss out. No matter whether you are an artist, a benefactor, or a collector, with non fungible bricks, you can now easily co-own a piece of an artwork. Fractional ownership of artwork using ArtNFBs is a wonderful concept, building a platform to support artists and allow co-owning of exciting artworks. NFBs are creating a new and inspiring era of the internet.”
The ArtNFB platform has been created to provide artists with a pathway for easy, visible, and fun fractional ownership of their artwork for the general public to browse, admire, and purchase.
Sellers and artists post an image of their product on a digital wall of non fungible bricks(NFBs). Buyers can purchase one or several NFBs in the wall, becoming fractional owners.
All items for sale are fully insured, with proof of ownership, and accurate description and condition declarations.
Each NFB owner holds a fraction of the asset, and ownership rights and responsibilities are shared among the NFB owners. These fractions can easily be bought and sold on the ArtNFB platform. This arrangement allows individuals to access and profit from assets they might not be able to afford on their own, while also sharing the costs and responsibilities.
Cost Sharing – Fractional ownership allows individuals to share the initial purchase cost, ongoing insurance fees, and other associated expenses, making it more affordable than sole ownership.
Diversification – Fractional ownership enables investors to diversify their portfolios by investing in multiple assets.
Lower Risk – The financial burden is shared among multiple owners, reducing the risk for each individual.
Worldwide platform – These digital walls provide a gallery window to reach investors and benefactors from across the world.
Costs – Listing costs are comparative to galleries and auction rooms.
Massive market – Fractional ownership widens the market, allowing unique Christmas and birthday gifts to be made.
Corporate gifts – Companies can purchase whole digital walls, with a view to giftimg individual NFBs to employees. The purchased artwork can be displayed at the company premises if required.
Fractional ownership with NFBs will massively increase the size of the art market and encourage accessibility to a wider audience, helping them to invest in the asset class in a much simpler and easier way
Brick owners enter into a legal agreement that outline their rights and responsibilities.
Owners can sell their NFBs to other interested parties, within the NFB platforms network of potential buyers. The value of a share might fluctuate based on factors like market demand, and the asset’s condition.
Fractional ownership arrangements might be subject to various legal and regulatory considerations, depending on the jurisdiction and the type of asset. Potential buyers must thoroughly research and understand the terms of any NFB ownership arrangement before purchasing, as the specific details can vary significantly based on the asset, management structure, and the agreements in place.
Fun, visible way to buy, sell, gift, collect, trade, and invest in assets.
Buying as a gift? Get them to create an account and use the enclosed unique code to transfer the NFB to their account.
Individual, established, and upcoming artists can post an image(s) of their own artwork onto an Art NFB wall, subdivided into bricks(NFBs) with a price for the first brick. They can choose dynamic pricing or static pricing. Artists must submit proof of insurance for the sum of the whole wall. Once all the NFBs have been sold the artist can choose to retain the artwork(insured and safely stored), or courier it to us for safekeeping, insurance, and management.
Artists can sell original artwork, or the digital image(just like a print of an original)
Dealers and galleries can can post an image(s) of original artworks by individual, established, and upcoming artists onto an Art NFB wall, subdivided into bricks(NFBs) with a price for the first brick. They can choose dynamic pricing or static pricing. Artists must submit proof of insurance for the sum of the whole wall. Once all the NFBs have been sold the dealer can choose to retain the artwork(insured and safely stored), or courier it to us for safekeeping, insurance, and management.
1. ID including address
2. Proof of ownership declaration
3. Credit card(for ID purposes)
4. Insurance for whole sum, (we can provide that insurance)
5. Ownership transfer security declaration.
1.FREE listing
2. Asset Insurance to the value of the wall(we can provide that insurance).
3. Platform fees of 20% plus VAT commission on all receipts.
4. Credit card(for ID purposes).
5. Ownership transfer security declaration.