Art lovers and members of the general public can become 'co-owners' of Carnaval de Binche by James Ensor. This allows the museum to strengthen its collection and gives everyone an opportunity to invest in art. The piece will be exhibited at the KMSKA after its grand reopening on 24 September 2022 so that it can be enjoyed by all.
Art Security Tokens or NFTs?
Because Art Security Tokens are so new, many people confuse them with Bitcoins or Non-Fungible Tokens (NFTs), which are non-interchangeable, irreplaceable digital property certificates. Art Security Tokens, however, operate in a regularised market, and are therefore very different. This means the issue of Art Security Tokens is bound by financial legislation. Investors in Art Security Tokens therefore enjoy the same legal protection as investors in, say, stocks, bonds or other securities. Bitcoins or NFTs do not yet have a clear legal framework. Art Security Tokens also represent the value of a product that exists in the physical world, in this case Carnaval de Binche, a unique, museum-quality and non-copyable painting.
