Investment app targets millennials with shares in trending items
Financial Services
Otis allows users to invest in a curated selection of artworks and other pricy items that include rare sneakers and comic books
Spotted: American cultural investment app Otis is offering art enthusiasts the opportunity to co-own trendy art pieces and other pricey items that appeal particularly to the millennial generation.
The platform allows users to invest in a curated selection of artworks and other desired items, including sneakers and even comic books, starting at $25 (€22.5) per share.
Otis acquires high-quality assets, divides them into smaller shares, and offers them as equity investments. Anyone who invests in an asset becomes a shareholder. Similar to a stock market, investors can buy and sell shares after a certain period of time.
Some of the app’s launch items included artworks by Kehinde Wiley, KAWS, Takashi Murakami, Supreme skateboard decks, Rolex Daytona watches, and Hermes Birkin Bags.
26th August 2019
Email: support@otiswealth.com
Website: withotis.com
