The crypto sector has had its fair share of disastrous crashes. FTX is arguably the biggest in recent memory, with a massive exchange going bankrupt overnight. Such events have caused new projects like Domini (DOMI) to enact solid value-addition measures for new users.
FTX founder Sam Bankman Fried (SBF) showcased all markers of excessive power concentration and poor corporate governance. The best cryptocurrency structure involves decentralized governance to prevent such events. However, some centralized exchanges threw this concept out the window, with users paying the price.
Domini launches with these realities in mind. It is a platform that digitizes art ownership through popular NFTs. Domini is conducting a presale to onboard more investors and grow a vibrant community, with tokens retailing for $0.0021. This project looks to become one of the best cryptocurrency breakout stories of the year.
SBF faces more charges
The notoriety of the FTX collapse continues to become more apparent. SBF went from industry darling as a successful crypto entrepreneur to becoming the face of power abuse. His arrest in late 2022 came after the spectacular collapse of the once-powerful crypto exchange.
On 11th August 2023, an American judge revoked SBF’s bail over allegations of witness tampering. He had obtained a colossal 250-million dollar bond release earlier this year when he faced several fraud charges. The court found probable cause for two cases of witness tampering, which increases the weight of charges against Bankman-Fried.
The charge meant that SBF’s bail was revoked and he returned to jail. His case represents everything wrong with centralized concentration of power within crypto. Projects like Domini will have the mantle to restore the best cryptocurrency ideals back to a tainted industry.
Domini brings art to the people
The high-end art market is typically exclusive to the ultra wealthy. These assets present an alternative channel to store value long term. Accordingly, rare art has become a collector’s item and out of reach for ordinary people.
Non Fungible Tokens (NFTs) can bring a profitable shift to the art investment market. Domini seeks to elevate popular NFT concepts and create structure and accessibility for art ownership.
Domini takes care of the sourcing and storage of physical art for investors. The process commences with the identification and purchase of blue-chip art. Domini then stores the art items in insured vaults and digitizes ownership to allow various investors to buy into the digitized art collection.
Therefore, smaller investors without access to millions of dollars can still purchase blue-chip art. This form of investment creates fractional ownership possibilities for high-value items. Blockchain art can transform the high art sector by opening it up to millions of ordinary investors who want a piece of the pie. Domini is at the forefront of this movement and looks to bring the best of blockchain community values to this industry.
Conclusion
Fractional art ownership is making a name for itself thanks to Domini. NFTs have stagnated in the past few months because investors want to see real value behind the NFTs. Domini ensures such interest is secure by having insured art items with physical proof of storage.
Domini has launched its presale to bring this vision to life. The project is heading towards launch as investors continue to stream into the project. Domini looks to become one of the best crypto startups this year, even as the project grows. The high-end art sector looks set to experience an exciting revolution.
