The days of Shiba Inu ($SHIB) being a top altcoin are long gone. Its prices haven’t been able to keep up with Domini.art’s ($DOMI) presale growth despite the launch of its Shibarium mainnet a few weeks ago. Some analysts are already calling $DOMI one of the best cryptocurrencies to buy in 2023. The presale’s structure offers 440% growth to those who join the action early.
Domini.art might be one of the newest altcoins in the cryptocurrency space, but the solutions it provides allow regular people to buy portions of high-end art through fractionalization. It offers a new way for cryptocurrency investors to diversify their portfolios and enjoy the profits that come along with art investments.
What you'll learn 👉
Analysts dub Domini.art a top altcoin thanks to its innovative approach to art investments
Most people don’t spend much time thinking about art investments since the practice is typically reserved for the world’s elite. High-end art sells for millions of dollars and the most prestigious pieces can demand as high as $500 million.
These investments are out of the reach of 99% of the world’s population, but Domini.art has figured out a way to navigate around that problem. Art investments are an excellent way for any investor to diversify and stabilize their portfolios. The value of art isn’t dependent on financial markets or significantly impacted by inflation. Art offers investors 7.6% returns on average yearly, outperforming the S&P 500 and FTSE 100 for the past two decades.
Domini.art uses fractionalized ERC20 coins and smart contracts to create a way for those who don’t have a few million dollars lying around to invest in blue-chip art.
The process
Domini.art sends its team of art experts out to curate high-end artworks with a strong history of price appreciation. The best pieces from various styles and periods are purchased and transported to an insured vault for storage.
A non-fungible token (NFT) is created for each work of art stored in one of these vaults to serve as its digital version. Smart contracts and blockchain technology make it easy to verify the authenticity of any of these tokens.
Unlike most of the popular NFTs in the cryptocurrency space, the value of these tokens isn’t based on speculation. Instead, they are based on the value of the original work stored in the vault. This stabilizes their value and the NFTs appreciate as the original work does.
Investors can browse through the ERC20 token list on the marketplace and purchase tokens they like with $DOMI. Full control of tokens is awarded once sales are done and investors can track their growth through their Domini.art account. These tokens can be traded or sold at any time in the marketplace.
Shibarium launch fails to boost Shiba Inu (SHIB) prices
The Aug. 16 launch of the Shibarium mainnet didn’t help $SHIB prices much as the newst was overwhelmed by strong bearish markets in the cryptocurrency space. Prices have fallen by over 15% since the launch, also impacting other tokens on the Shiba Inu network.
$SHIB’s massive 589 trillion supply dampens any long-term success the project might hope to see in the future. Developers have made some moves to reduce the supply of tokens with burn wallets, burning over 6 billion tokens already. But the meme coin platform will still need to burn over trillions of tokens to have any real effect on prices..
Poor tokenomics has been a major issue with meme coins since many of these projects were created to ride a hype wave, with little thought placed on structuring their networks for long-term success.
Summary
Domini.art has pulled ahead of meme coins like Shiba Inu during its presale by providing an efficient way for crypto investors and regular people to diversify their portfolios with art. The project uses fractionalization and smart contracts to allow regular people to buy fractions of prestigious art that cost millions of dollars.
For Info about $DOMI, visit the Domini.art presale or Join the Community
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
