FACT (OTC: FCTI), a global leader of fine art and collectible authentication technology, today announced that it has begun development to integrate non-fungible tokens (“NFTs”) within its blockchain technology platform. The upgrade will allow users to create and trade NFTs for physical assets. NFTs are digital tokens that prove the authenticity and ownership of a digital asset and enable a next-generation method of buying, selling and collecting assets. While the NFT craze has been limited to digital assets, FACT’s innovative technology creates the immutable link needed to tokenize physical assets to NFTs. “Our mission to secure collections is driven by our desire to confidently share them with the world,” said FACT CEO, Patricia Trompeter, in the news release. “NFTs offer true utility for each record and never before seen liquidity for collectors. With our technology, we can now make NFTs for the art on your wall as easily as those we’ve seen of digital assets. As an example, we have the technology to link the NFT of a Warhol with the physical painting.”
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About FACT Inc.
FACT (Forensic Asset Certification Technology) is a global organization that is revolutionizing security for the art and collectibles market. FACT utilizes ballistics technology, currently employed by global law enforcement agencies, to authenticate and analyze fine art and collectibles. FACT offers a suite of robust collection management products that includes authentication, condition reporting, GPS tracking, and provenance data – all stored securely on the blockchain and accessible in real time to the consumer. The FACT software application is applicable to various channels within the fine art and collectible industry including secured lending, insurance, dealers, auction houses, grading companies, and private collectors. FACT is headquartered in Toronto, Ontario. For additional information, visit www.FACTSecured.com.
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