- The ownership of the artwork is digital fractionalized, which enables widespread public involvement in cultural and economic value.
- This effort carries the Renaissance Art On-chain by using the Gleec blockchain technology for safe and following digital asset management.
Tokenized Piece “Recto: Study for the Milvian Bridge battle,” created by Renaissance Artist Raffaello, was launched by Raphael Coin (Raph), a blockchain project that provides fractional ownership of fine art. Gleec's Blockchain technology activates the project, and Raph can now be purchased at Mandala exchange and Gleec BTC Exchange.
This effort carries the Renaissance Art On-chain by using the Gleec blockchain technology for safe and following digital asset management. Ownership of artwork is digital fractionalized, which enables widespread public involvement in the value of culture and economic and establishing a long-term paradigm for the management of art and care. Rafaello's study for his well -known series of frescoes for the Stanze Vaticane, four spacious rooms now part of the Vatican Museum, “Recto: Studying for the Milvian Bridge battle” has been rediscovered and proven by the European Auction House Dorotheum.
Gleec led the Raphael Coin Project, which uses blockchain technology, legal expertise, and general infrastructure to support the maintenance and accessibility of important cultural and heritage artifacts. The delay in accommodation of work evidence (dpow) used by the Gleec blockchain facilitates the safe and transparent administration of the digital owner of the artwork. Gleec plans to expand in future art projects and look at opportunities involving a wider variety of artists and artistic Eras.
Aliyyah Koloc, the project ambassador said:
“It's fun to support the Raphael Coin and see how the blockchain can play an affecting cultural care role. Gleec's involvement makes it possible to open doors for more people to engage directly with significant history ownership in a significant way.”
The Raphael Coin is not a conceptual art drop or an NFT collection. It provides a part of the economic owner supported by a tangible art work that is safely custodied. In addition to encouraging more public participation, token holders have access to financial value, proven, and potential returns from licensing and other efforts.
The Raphael Coin offers an open, following alternative as private collections become more exclusive and the museums face financial restraints. It gives the general public a stake in cultural possession and establishes a standard for shared models of future care models.
The “Recto: Study for the Milvian Bridge Battle” is available for fractional ownership by Raphael Coin. The initiative is the first to token a work of well-known Renaissance Artist using Gleec blockchain technology. A wider audience can now invest in important cultural works that were previously used in private collectors thanks to the creative concept that democracy in accessing expensive arts. By offering a safe, liquid, and easily accessible avenue for investing in fine art, the Raphael Coin aims to bridge the gap between conventional art markets and the contemporary digital economy using cutting technology solutions and an open investment framework.
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