Art tokens, often known as "art shares," are digital shares of artwork. Tokenization involves dividing ownership of a piece of art into various independent portions, allowing different investors to individually acquire a portion. Token sales are recorded on their own blockchains. As with other industries where tokenization has proven disruptive, the art sphere has traditionally been characterized by high levels of asset illiquidity, cliquey marketplaces, and difficulties in acquiring financing on the side of artists and galleries. All three of these issues are addressed through art tokenization.
