ChilliSwap sells its first ever artist approved physical token “Ambition Man”

Chilli Swap had auctioned the AP-T/ NFT abstract painting by 33-year-old artist Abdullah Qandeel, following the launch of the NFT platform earlier this year. It represents a digital component, which is a one-minute video created to bring the beautiful painting to life. 

On a high level, NFT’s are part of the Ethereum blockchain. They are ownership certificates of a digital asset and attempt to connect NFT’s to real-world objects. NFT is a distinctive asset in the digital world that can be bought, sold, or exchanged for any other form of asset. The record-smashing NFT sale of Qandeel’s work resulted in $600,000 on ChilliSwap. 

PROP-TECH TALK – Gaurav Aidasani – The founder and CEO of Union Square House Real Estate Broker (USH) placed the highest and winning bid of 260 ETH (Approximately USD 600,000). The painting was auctioned at 243 ETH on the ChilliSwap platform.

“Whatever your feelings are about the NFT craze, the only certainty is that technology is the future of the real estate. Real estate is one of the oldest industries in the world, particularly in the UAE region, and it is not going away any time soon.

Real estate is something that will always be in demand. The fact that this NFT comes directly from the creator along with the physical 60×40 inches painting makes it more valuable, and many people especially in the real-estate sector prefer these collectibles.” said a proud owner of the AP-T NFT. 

So, how exactly does it work? AP-T/NFTs such as artwork, videos, and digital collectibles can be “tokenized” on the Chilliswap platform, where prospective buyers can purchase a digital certificate of ownership along with the oil canvas painting measuring 60 inches by 40 inches. 

About Abdallah Qandeel 

Abdullah Qandeel is a 33-year-old Saudi Arabian artist who creates abstract paintings with the bold use of color and lining. Qandeel exemplifies the fusion of Saudi traditional values with the Arab world’s rapidly changing cultural landscape. Qandeel is also a dedicated artist; he is ambitious, politically aware, and a culturally enlightened citizen of his country. 

About Gaurav Aidasani 

Gaurav Aidasani, founder and Managing Director of Union Square House Real Estate (USH) is a 38-year-old firm believer of innovation and technology, who strategically set up his real estate business in 2010 amidst the global financial crisis.

With his passion for becoming successful by defying the odds and providing clients with the best ROI they could ever have, he was instrumental in managing assets worth over AED 1 billion by the year 2020. Mr. Gaurav’s main focus is to build a system where everyone connected to the platform will achieve their goals and succeed in the coming decade. 

About ChilliSwap 

ChilliSwap is a DEX (Decentralised Exchange) platform and ecosystem for users to trade tokens, yield farm/stake, and is also a Fine Art NFT digital marketplace. It is the only AP-T and AD-T marketplace worldwide.

ChilliSwap enforces security rules by using Smart AI Tools such as the AI Auditor for Smart Contracts, Real-Time Fraud Detection, and Smart Contract Verification. Learn more at: https://nft.chilliswap.org/.

Disclaimer: This is a paid post and should not be treated as news/advice.