Chainwire

CoinMarketCap Releases Analysis on APENFT’s Pioneering Efforts to Register Real-Word Masterpieces On-Chain

Chainwire · Feb. 14, 2024 at 1:26 pm UTC · 1 min read
CoinMarketCap Releases Analysis on APENFT’s Pioneering Efforts to Register Real-Word Masterpieces On-Chain

Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more ›

Dubai, UAE, February 14th, 2024, Chainwire – CoinMarketCap Research’s latest analysis examines APENFT and its mission to bridge physical fine art and NFT technology. The report explains how APENFT registers renowned traditional artworks on-chain as non-fungible tokens (NFTs). By converting famous paintings into NFTs, the project demonstrates expanded use cases for NFTs beyond digital collectibles.

The report reveals how this process creates new avenues for artists to engage collectors by tokenizing their physical masterpieces. Unlike most NFT projects focused solely on digital artwork, APENFT takes this approach to pioneer new models of connecting real-world art with Web3 infrastructure. These on-chain versions also enable reliable tracking of an artwork’s provenance and exhibition history via immutable blockchain records.

APENFT represents a future where the gap between physical fine art and crypto continues closing through tokenization.

Users can find the full analysis here:

https://coinmarketcap.com/academy/article/all-you-need-to-know-about-apenft

About CoinMarketCap

CoinMarketCap is โ€˜Home Of Cryptoโ€™, the world’s most trusted cryptocurrency data authority. Its mission is to accelerate the crypto revolution by organizing the worldโ€™s crypto intelligence and making it easily accessible to all.

 

Contact

CMC Research
Alice Liu
CoinMarketCap
[email protected]

Share

Press Release Syndication

Chainwire x CryptoSlate

Broadcast your project news with guaranteed coverage on industry-leading publications like CryptoSlate.

CryptoSlate has partnered with Chainwire to deliver press releases distributed across numerous crypto media sites, including Cointelegraph, Decrypt and The Defiant.

Chainwire has been used by over 800 brands and PR agencies worldwide.

Get Started with Chainwire
Latest Press Releases

Disclaimer: This is a sponsored press release. CryptoSlate is not responsible or liable for any content, accuracy, quality, advertising, products or other materials associated with this press release. Readers and consumers should conduct their own research prior to taking any actions related to the company. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content, goods and/or services included in the press release. Please read our full dislaimer/disclosure statement here.