The company Particle, which has strong ties to both the art and technology worlds, is pleased to reveal the functionality built into their Particle NFTs, starting with the very first piece of art to be included, Banksy's iconic 2005 piece "Love is in the Air"
About Love Is In Ther Air NFT
The Particle Foundation, a nonprofit organization whose mission is to preserve, maintain, and tour the collection internationally for the exclusive enjoyment of all Particle collectors, will receive the actual paintings as well as the majority of their rights. A "collector's card" that represents digital ownership of the works will be a de minimis, minority ownership in the painting and will not have any claim to the actual painting.
Particles stand for both digital ownership and a pass to engage in the art world at a level that has historically only been open to a select group of people. This ticket offers unprecedented control over the most priceless cultural artifacts left by humanity, as well as access to physical spaces like museums and digital metaverse spaces.
What Is LIITA Collection?
A painting is divided into a 100x100 grid as part of the unique partialization procedure, producing 10,000 unique particles that are later converted into NFTs. Each Particle is distinct and gives the holder a sense of personal ownership over the piece of artown. portion of this famous work of art thanks to Particle, which is dividing "Love is in the Air" into 10,000 Particles and selling the Particles as NFTs.
Owners of Particles will be granted a non-exclusive, unrestricted license to use, view, and display their Particles anywhere in the world. The artist retains all copyright in the painting's actual image.
The Particle Foundation will receive the physical painting of "Love is in the Air," and Particle will also donate 1% of its profits to the Foundation.
Summary
The goal of Love is in ther Air is to fundamentally alter how people acquire, collect, perceive, and appreciate works of art. The decentralization of the art ownership and collecting experience is made possible by NFT technology and the distinctive Particle process.
