Polygon-Powered Artfi Tips WIPO Chief in Art Democratization Push

Artfi has expanded its advisory board with an internationally renowned intellectual property advisor in its latest growth move.

Francis Gurry looking out for Artfi.
Created by Kornelija Poderskytė from DailyCoin
  • Artfi has expanded its advisory board.
  • The latest addition to the team boasts extensive experience with IP.
  • Artfi intends to leverage this experience to catalyze its art democratization push.

Fractionalized art ownership is quickly becoming one of the most favored long-term use cases for NFTs and blockchain technology. Amid the growing interest, Artfi, a Polygon-powered platform, has asserted its desire to lead this movement and democratize the $1.7 trillion fine art market.

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Following a partnership with one of the top five highest-selling living artists, Sacha Jafri, in November 2022, the firm has made a significant addition to its advisory board to bolster its efforts further.

Artfi Tips New Hire to Bolster Art Ownership on Polygon

In a recent press statement, Artfi revealed that International Intellectual Property expert Francis Gurry had joined its advisory board.

The 72-year-old served as the Director General of the World Intellectual Property Organization (WIPO) from October 2008 to September 2020. During his stint as director, Gurry is credited with growing the WIPO revenue by 50% to a whopping CHF 480 million (approximately $545 million at the time of writing). He is also credited with successfully overseeing the passing of three new IP treaties and partnerships that have left an indelible mark on the IP scene.

Outside the WIPO, Gurry has served as a strategic adviser for the IPH, an international intellectual property services group. He also holds the position of Honorary Dean of the Shanghai International College of Intellectual Property of Tongji University.

As Artfi CEO Asif Kamal highlighted, the platform intends to further leverage Gurry’s wealth of experience in the IP world to bolster its innovation efforts as art and IP remain forever intertwined.

"We are honored to welcome Francis Gurry to our advisory board. His unparalleled expertise and visionary leadership in intellectual property and innovation align perfectly with Artfi's mission to push the boundaries of fine art and technology. We are excited to leverage Gurry's insights as we continue to drive innovation in the ever-evolving Web3 landscape," Kamal noted.

On the Flipside

  • Artfi faces stiff competition from platforms like Zora, built on Optimism, which is quickly becoming a favorite for NFT mints.

Why This Matters

Art is one of the clearest examples of IP. Gurry’s input will significantly help Artfi navigate the IP landscape in its bid to democratize the ownership of art, allowing it to avoid legal tussles that could serve as bottlenecks efficiently.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Okoya David

David Okoya is a crypto news reporter at DailyCoin based in Nigeria. He covers various topics related to the cryptocurrency industry, including exchanges, regulations, and price movements, and strives to bring fresh angles to breaking news. With experience as a freelance crypto news writer, David upholds the highest journalistic standards, telling complete stories and answering lingering questions whenever possible.