Demonstrating the potential for DeFi innovation in the RWA market, the company is pioneering a market worth 1 trillion won.
LiveArt, a real-asset finance protocol, announced yesterday that it has successfully tokenized and acquired Andy Warhol's "Superman." This achievement is being hailed as a breakthrough for RWA finance in the $9 billion (KRW 12.537 trillion) pop art market.LiveArt is a real asset finance (RWAfi) protocol that leverages AI technology to tokenize assets in the art and luxury goods markets. It focuses on increasing access to investment-grade assets for retail investors through a piece ownership system, instant liquidity provision, and programmable DeFi functionality.
The core of this "Superman" project is that it combines the advantages of virtual assets while maintaining existing market value. Investors can participate with as little as $10 and access a variety of financial services, including Live Art (ART) token rewards based on platform activity, 24-hour trading, and RWA-collateralized loans and swaps.
Live Art stated, "Based on this success, we plan to accelerate innovation in the $10 trillion (KRW 13,928 trillion) art and luxury goods market. Our goal is to tokenize assets from museums, private collections, and institutional vaults to create a new financial ecosystem that can be traded 24 hours a day in the global market."
Joohoon Choi joohoon@blockstreet.co.kr