Frequently Asked Questions
Why should I use the PhAN
UNIVERSAL CERTIFICATE – The full digitalization of physical art is highly beneficial for art producers and traders as the blockchain offers a universal certificate of art entries and transactions verifiable by anyone.
DIGITAL ARCHIVE – The full digitalization of physical art will create an endless online archive of artworks with detailed data for its preservation in human cultural memory of decades to come.
ACCESSIBILITY – Accessible and tradable in a big range of platforms from the gallery space, mobile app, website, virtual gallery and meta.
EXPOSURE – The full digitalization of physical art offers much bigger exposure, being present in both physical and online markets.
GROWING DIGITAL ART SCENE – Because in the coming years current digital users, platforms and visual worlds will expand further where physical art has a strong role to play.
MARKET – Tokenized art facilitates and enriches the selling, bidding and buying process.
NFT MARKET CURATION – The overall quality of NFT art market lacks the strength that has been built over centuries around physical art. We believe on the benefits of bridging the two ecosystems.
FUTURE OF NFT – Due to the volatility of the NFT ecosystem, now is the time for solid propositions which aim to explore the digital opportunities of online art marketplaces.
How do PhANs work?
MINT YOUR NFT – We create a unique NFT in the blockchain for your Artwork.
YOUR E-WALLET – We guide you through the process of creating your e-wallet.
TRANSFER – The NFT is kept in your e-wallet for a unique physical art piece by means of images, characteristics of the art piece and descriptive data.
QR CODE – We provide a unique digital token that incorporate the QR codes. The QR code provided is attached to the art piece to provide the link between the piece and the NFT, giving access to online visualization of the piece, descriptive information and NFT information.
What is The PhAN?
The PhAN stands for The Physical Artwork NFTs and merges the gap between the physical and the digital work, taking your collection a step further into its full digitalisation.
The PhAN offers the service of producing NFT-based certificates of authenticity for physical pieces of art, transferring the tokens to the artwork’s owner, providing a physical link between the artwork and the NFT, and acting as a platform to monitor them.
What is an NFT?
NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise and monetise things like art, collectibles, even real estate. They can only have one official owner at a time and they’re secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.
NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties.
Why should I get an NFT for my artwork?
An NFT can only have one owner at a time. Ownership is managed through the uniqueID and metadata that no other token can replicate. NFTs are minted through smart contracts that assign ownership and manage the transferability of the NFT’s.
The above mentioned properties mean that NFTs can be used as a digital certificate of authenticity for your artwork, which offers significant advantages offer traditional certificates.
Minting digital assets (everything from art to music to articles) as an NFT is a way for artists to monetize their work. Of course, selling digital files isn’t new. But one of the more innovative uses for NFTs is the ability to guarantee yourself as the original creator.
How are NFTs better than original certificates of authenticity?
In the traditional world, you rely on the Gallery or the Artist to provide the artwork’s certificate of authenticity. This is loosely linked to the artwork and can be forged, lost, or copied.
NFTs provide:
- Provable Ownership – the details of the artwork and PhAC’s unique ID are forged into the NFT.
- Verifiability – every person can log into a blockchain scanner (e.g. Etherscan) and verify the authenticity and the ownership of the NFT at any time. The PhAC’s physical token, which is attached to the artwork provides the link between the artwork and the verifiable token.
- Provenance – the blockchain holds a complete history of transactions for the NFT. Everyone can review and see the provenance of the artwork, reviewing its history of ownership.
Why should I use ThePhAN and not someone else?
Despite the fact that there a lot of platforms for creating NFTs for digital pieces of art, The PhAN is the first platform that bridges the gap between the physical and the digital worlds.
Who is behind the PhAN?
The founders of The PhAN are from diverse backgrounds, with tens of years of experience in the Art sector, producing, curating, and selling Art, as well as in designing and building Blockchain based systems.