Typically when there is a painting, only one buyer gets to own it.
NFTs are actually not the art itself, but more of digital certificates of ownership.
The ownership of the digital NFT art gets transferred to whomever is holding the NFT in their digital wallet.
Gorodenkoff - stock.adobe.com
Think of it this way.
The Rolling Stone Culture Councilis an invitation-only community for Influencers, Innovators and Creatives.Do I qualify?
That would involve lawyers and other professionals who would charge fees.
What these RWA tokens allow is fractional ownership of a physical artwork.
There can be as many depending on how the legal entity issues the tokens.
In the future, this scheme might become popular as a means to trade artworks.
Then the art market becomes very liquid as there are many buyers and sellers.
This article does not offer financial advice.
The author does not have an investment in any of the items mentioned in this article.
