Paris based but regulated in Malta, Monart has launched a blockchain-based marketplace to tokenize art. Monart recently held an opening event in Paris at the offices of Beaux-Arts Magazine.
According to a company release, Monart is targeting a market estimated at $67 billion annually. After several years of research and development, Monart is live and selling shares of art for “major international artists as well as emerging ones.” Monart describes itself as the “First stock exchange of art.”
Monart is positioning itself as the “safest and most exciting art market system” by using blockchain with its model of “selling parts of premium selections of works of art to participate in the growth of the art market. contemporary art.”
The first “collection” is live now on Monart called the “Monart Wave” seeking €500,000 from investors at €100 per part. Additional individual items of art are available for investment as well.
The trading portion of the site is expected to be live soon.
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