FIMART is the first fintech ecosystem that revolutionizes the approach to the world's artistic heritage. FIMART allows galleries, museums, and collectors to monetize their artworks. It also empowers investors and the general public to diversify into one of the best asset classes in the world.
This is possible by creating a new financial market of artwork - Financial Market of ART - supported by a traceability and identification system, a certified database, and a proprietary methodology for analytical indices, market trends, and valuations.
✔ Today art is worth 1.75 trillion. In three years, it is estimated that its value will reach 2.2 trillion.
✔ Sales through online art marketplaces doubled from 2017 and reached a total of $6 billion in 2020.
✔ Art is an asset class with a current annual growth rate of 8.4%, including economic crisis.
✔The most critical artworks (blue-chip) delivered a 10.9% return vs. the 5.1% of S&P 500 Total Return.
✔ Today, thanks to blockchain technology, splitting an asset in total safety and through streamlined and economical procedures is possible.
✔ Competent authorities have already formally regulated the issuance and trading of new digital financial products in multiple jurisdictions.
Innovation and progress. These are the key pillars of FIMART, which has its origins in two cities that symbolize the artistic and technological renaissance: Mantua, the highest expression of Mantegna, and Seattle, home to significant hi-tech companies.
From this powerful crossover, the technological project conceived by Niccolò Filippo Venieri Savoia was born, in the continuity of Look Lateral, a brand and magazine founded by the well-known culture, fashion, and design journalist Maria Grazia Savoia.
FIMART wants to make the art market transparent, safe, and accessible to the general public, creating a global and digital meeting point that caters to the needs of all the players in the art world and beyond, generating new investors and liquidity.
FIMART is a digital financial market, a peer-to-peer blockchain platform that supports the issuance and exchange of security tokens linked to artworks.
FIMART has developed a protocol for creating digital financial products with an underlying artwork or property right connected to the artwork through smart contracts and NFTs.
FIMART supports trading with FIAT and crypto coins.
The provenance system is a continuously updated database in which the digital identity of the artwork is created through the creation of an NFT (Non Fungible Token). The database records and tracks the information and documents relating to the artwork in an immutable way, ultimately producing a "Provenance Score".
The signature tag is the identity document of the artwork, which is unique and immutable. It is a technological adhesive label, NFC device (Near Field Communication), which can be applied securely on the back of an artwork or onto the certificate of authenticity, allowing a unique correspondence between the physical artwork and the certified database.
This methodology considers sales data and qualitative characteristics of the artworks alongside relevant market conditions to create an index capable of tracing the historical trends of the market and the value of the artworks, limiting the manipulation of prices in the art market and subsequently increasing transparency.
The team, distributed across Europe and the United States, comprises experienced and international professionals, such as leaders in the finance, art, technology, management, and legal sectors.