The project exhibits promise according to the deck, yet it also raises many questions.
Potential value of the project:
- Fractionalizing famous physical artworks through NFTs. Unlike buying fragments of various PFPs valued 10-20 times more expensive in 2021-2022 and no one wants them nowadays, investing in a portion of a well-known physical painting could be a sensible long-term art investment.
Potential issues/problems:
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No Go-To-Market strategy demonstrated at all. Neither in the deck nor in the social activity of the project is it clear how exactly 10101 ART is going to attract retail, taking into account the strongly declining interest in the NFT sector as art (proofs - check Superrare/Foundation particularly and overall NFT market narrative).
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Lack of showing the protocol's technical features.. The emphasis on a "DeFi protocol" is puzzling, if no DeFi mechanisms are planned to be used, based on the Roadmap. It is crucial for investors/users to know what is the technical advantage (e.g.not explained why there will be lower fees, check Blur/OS Pro).
An in-depth product positioning would help to assess the team's vision and long-term viability. Show Less