Transferring a Provenir NFT

Sale or Transfer of NFT (Rights to the Asset)

SALE / PURCHASE / TRANSFER of Art Assets

To purchase Art on the platform, buyers will join the platform and specify their Ethereum address for transfer of the Provenir token. Buying of art on the Platform refers to buying the ‘Provenir Token’ linked to that art asset, since the tokens represent the ownership rights of the underlying art asset. A buyer will be able to purchase any Art that has a ‘For Sale’ status assigned by the current art owner. After the buy request is initiated by a buyer and accepted by the owner, the buyer will transfer either ARISTON or ETH to the owner’s account (ARISTON will have special offers and bonuses attached to encourage their use). Upon successful payment, the PROVENIR token will be transferred to the buyer’s account. The entire process, including payment and the transfer of PROVENIR to the new owner will be permanently saved to blockchain utilizing a smart contract.

The buyer can also order additional provenance while purchasing the PROVENIR. Both the buyer and seller can have agreements regarding payment for additional provenance.

· The artist / photographer can set the price with the help of the expert community.

· To determine the price of the art asset, it may be necessary to pay ARISTON tokens for the work of experts.

· Experts compare the price of the asset to prices of existing assets in a category, and establish the price.