Own world class photography at a fraction of the cost.
FOTO ARE FRACTIONAL NFT VAULTS THAT HOLD 1 OF 1 ARTWORKS FROM WORLD RENOWNED PHOTOGRAPHERS
What is FOTO?
FOTO and FOTOV2 are fractional tokens backed by art as the asset. Each vault has twelve one of one artworks by four renowned photographers. The group of photographers have collectively a following of over 2 million people and have sold NFT artwork to a total value of more than 600 ETH.
Surrounding FOTO is a vibrant community of photographers, artists and technologists who are all striving to push the boundaries of innovation and creativity.
How does it work?
A fractional vault is as it sounds. It is a vault that holds assets in this case NFT’s on the Ethereum Blockchain, that are represented by a token, through a smart contract, that allows people to buy a percentage of the value of the asset or a fraction of it.
The total number of available tokens in the FOTO pool is: 100,000 tokens. Once the token is live it is able to be traded in the public market on Uniswap or the Fractional website. This value then changes (increases and decreases) in value as the value of the underlying asset changes when the tokens are live in the open marketplace.
Why Fractionalise Art?
The value of unique one of one artwork can be high. Fractionalising these assets in this way opens up access to to anyone in the marketplace to participate in ownership without a high upfront investment cost and or the risks associated with a higher investment.
In the case of FOTO the vault is made up by a number of well known high end artists in the NFT community, offering the market a way to gain exposure to a whole market segment in one investment. Fractionalising is about lowering the bar of entry, without compromising on the art.
What is the token value?
The base value of the collection reflects the current market value of what it would cost to purchase a one of one artwork from each artist then multiplied by the number of pieces in the vault. FOTO Vaults have 12 unique artworks in each vault.
The total number of available tokens in the FOTO pool is: 100,000 tokens. Once the token is live it is able to be traded in the public market on Uniswap or the Fractional website. This value then changes (increases and decreases) in value as the value of the underlying asset changes when the tokens are live in the open marketplace.
