Nikolas Sargeant
Art technology company Artfi announced on Wednesday, October 11th, that it has opened its Genesis Pass whitelist to the public ahead of its official launch.
In a press release shared with Cryptowisser, the team said ten thousand holders of the Genesis Pass NFT would be eligible to acquire fractionalized art released through the Artfi platform, starting with Sacha Jafri’s iconic ‘The Six Elements’ collection.
At the moment, over 25,000 people have signed up for the whitelist for the first Artfi release. Sacha Jafri’s debut fractionalized art collection is set to display Artfi’s ability to bring tokenized art to the mass market. By splitting an artwork into fractions, it’s possible to increase ownership and liquidity, placing collectible art within reach of all collectors.
Sacha Jafri collaborated with Rolls Royce on the creation of six unique, one-of-a-kind Phantom Rolls Royce cars. As a part of his creative process, Sacha Jafri created the six paintings which encompass his Six Elements collection. The paintings are inspired by the elements. As such, they are called: Earth, Air, Fire, Water and Wind. The final element is the one that Jafri believes is the most important and the one often forgotten, Humanity. This project resulted in the creation of six paintings connected to the elements Earth, Air, Fire, Water, and Wind, with Humanity forming the sixth element.
Furthermore, ‘The Six Elements’ collection has been divided into 10,000 fractions, which will be distributed to Genesis Pass holders. Holders will also be eligible for a free token airdrop and the ability to participate in future fractionalized art sales hosted on the Artfi platform.
Jafri chose to use Artfi to launch his first fractionalized collection as he was intrigued by the company’s mission to democratize art. The artist believes that making the collection available through Artfi will allow as many people as possible to appreciate and own a piece of his art.
Jafri commented that,
“‘The Six Elements’ is my first fractionalized collection. It’s a really cool opportunity to be part of the elements that make up our world and all humanity. Artfi doing this, through the democratization of art, opens up the opportunity for those who otherwise wouldn’t have had one. There’s a real chance that one creation, one moment, one part of my soul can now be owned by thousands of people. That’s a beautiful thing.”
He currently holds the distinction of the third highest price ever paid for a work of art by a living artist. Jafri’s ‘Journey of Humanity’ canvas piece previously fetched $62M in 2021 and holds the record for the world’s largest canvas, created over a time span of seven months.
Artfi is an art technology company on a mission to democratize the $1.7 trillion fine art market. By harnessing the power of NFTs and blockchain technology, Artfi allows collectors to own a stake in sought-after works of art. Collectors who own Artfi NFTs gain access to the exclusive blue-chip fine art market and diversify their portfolios – all through the speed, security, and comfort of the Polygon blockchain.
