Artrade, the first art tokenization marketplace on Solana, has reached a significant milestone by digitizing an original Picasso artwork. With a market capitalization of $180 million and over 6,000 active users, the platform is transforming the art market with its ATR token.
Artrade: A Marketplace Innovating Digital Art
Artrade, the platform enabling artists to convert their physical creations into Real World Assets (RWA) on the Solana blockchain, has set a groundbreaking precedent by announcing the first tokenization of an original work by Pablo Picasso.
Since its initial fundraising round of $7 million in 2021, Artrade has built a functional marketplace with more than 6,000 regular users, reaching a market capitalization of $180 million in January 2024.
Artrade’s technology is anchored in its REAL protocol and the use of NFC chips, which enable the seamless conversion of physical artworks into digital assets while ensuring fail-proof traceability between the physical piece and its digital representation.