The Art Exchange lists an artwork on the platform and once the art piece goes live, any person can register their interest in purchasing its fraction. To set a bid, a user has to indicate the share they want to buy and the highest price they want to pay for it. For example, a user can state that they want to purchase 10% of painting for not more than $1,500 and the platform will freeze the necessary balance on the user’s account. If the purchase is jointly funded, each user will get their respective share in the form of tokens, otherwise, the users are refunded. If users overbid the value of a painting, they may pay less for the share they indicated.