Fresco
Crypto Overview
Overview
Fresco is a digital art blockchain platform that aims to digitize and tokenize real-world artworks, enabling fractional ownership and trading of art pieces. The FRESCO token serves as the native utility token within the Fresco ecosystem.
Purpose and Utility
The stated purpose of FRESCO is to facilitate transactions within the Fresco art platform, including purchasing fractional ownership of artworks, paying for platform services, and participating in the platform's governance system. The token represents actual ownership rights in digitized artworks, making it an asset-backed token.
Business Model Analysis
The business model revolves around creating a marketplace for art ownership and trading. The platform emphasizes transparency in ownership records and provenance tracking. The core activities involve legitimate asset trading and do not inherently involve any prohibited activities under Islamic law.
Real-World Adoption
Current adoption appears to be limited, with relatively low trading volume and user activity. However, the platform continues to onboard new artworks and maintain its infrastructure.
Development Activity
The project maintains active development, though at a moderate pace. Updates to the platform and smart contracts are regularly published, indicating ongoing commitment to the project's stated goals.
Token Distribution
The token distribution appears relatively balanced, with no concerning concentration in founder or team wallets. Vesting schedules are in place for team allocations, suggesting a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in Fresco from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Fresco.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.