What is kosmoART™?
KOSMOART™ facilitates a unique fractionalisation of digital artworks..
What is an NFT?
A KOSMOART™ Non-Fungible Token (NFT) is a digital art collectable tied to blockchain technology
What is a blockchain?
KOSMOART™ has created a purpose built platform for digital art collectables tied to blockchain technology.
What is Tokenisation?
The KOSMOART™ platform tokenises, or digitises ownership rights, to unique assets or fractions of an asset.
The 'Tokenised Asset' is the process of issuing a 'Blockchain Token' that digitally represents a real tradable asset. These
tokens act as a store of value and carry the ownership rights of the assets they represent.
What are Fractionalised NFTs?
NFTs of high value collectable artworks remain exclusive, expensive and remain out of reach for the average art lover.
The KOSMOART™ platform fractionalises tokenised assets with each fraction representing partial ownership.
What is fungibility?
The term 'fungibility' refers to the property of an asset whose individual units are basically identical and
interchangeable with one another. All fiat currencies are fungible. Thus 'Non-Fungible' refers to a unique asset that cannot be interchanged with another.
Is an NFT a cryptocurrency?
A Non-Fungible Token (NFT) is not a cryptocurrency. An NFT is a unique asset that cannot be exchanged equally for another in-kind asset.
Where do you store an NFT?
A Non-Fungible Token (NFT) is assigned to an asset (or a fraction of an asset) which is then stored in the owner's digital wallet.
How do cryptocurrency wallets work?
A cryptocurrency wallet is a software program that contains public and private keys that are unique to the owner of the particular wallet.
How do you transact an NFT?
A Non-Fungible Token (NFT) stored in the owner's digital wallet can then be transferred to a new owner'd digital wallet.
What is minting an NFT?
KOSMOART™ mints (creates) the NFTs and then either sells or assigns them to the appropriate digital wallets.
Where do I buy an NFT?
KOSMOART™ Non-Fungible Tokens (NFTs) can be bought directly from this site with your digital wallet.
The purchased NFTs can then be taken to an NFT Marketplace where it can be sold or ownership can be transferred to another digital wallet.
Why use kosmoART™?
KOSMOART™ utilises unique technology to create digitalised artworks.
What are Smart Contracts?
KOSMOART™ creates sophisticated smart contracts within a blockchain (a digital ledger), as proof of digital ownership.
What is stored on Blockchains?
Blockchain technology has enabled a new breed of smart contracts with immutable storage of agreement terms, cryptographic
authorisation, and integrated transfers of value. The KOSMOART™ Blockchain stores the token information that acts as a store of value
and carries the rights of the artworks.
Why is cryptography used?
Cryptography is utilised within the KOSMOART™ platform to secure the identity of the transacting party
and to ensure that each hashed blockchain record cannot be altered.
What problems is kosmoART™ solving?
KOSMOART™ digitises the original physical artwork, tokenises it and then creates a fractionalised asset for many
art lovers to own a small piece of an original unique artwork. Each unique quality collectable artworks can now be owned, and traded, by may collectors.