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❕NEWS Crypto investors can buy shares of a Picasso painting

ElPaule

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A swiss digital asset bank, Sygnum announced to sell a Picasso paining tokenized. This will be realized together with the art investment company Artemundi. The paining, "Fillete au Beret" is valued at $4.2 million. It is the very first time in art history that the ownership rights on an artwork are shared on public block chain by a regulated bank. The minimum invest for a Picasso share will be around $5k.
Do you think in this way can not just sold existing old artworks but maybe also fund new future work for artists?
 
I don't get it... So we buy a share on painting but not actually gonna own anything? Like shared ownership but you won't get anything out of it..
 
is it that the crypto currency users can buy the Picasso with only çrypto currency or with normal flat currency , because this actually looks way confusing and not understandable for me , but I really love the development the platform is adopting to grow the development of nft and others
 
They can buy the authors drawing from the online marketplace sootheby after their grandkids listed them on the platform and the website accepts crypto So that is an buying option where users or buyers are interested to use it ; the things that are developing could further have improvement will the websites like open rare coming up as well to compete .
 
They can buy the authors drawing from the online marketplace sootheby after their grandkids listed them on the platform and the website accepts crypto So that is an buying option where users or buyers are interested to use it ; the things that are developing could further have improvement will the websites like open rare coming up as well to compete .
if the crypto currency users can buy the paints with cryptocurrency is a a good attributes to çrypto currency investment ,it would variably show the high infulence and capabilities cryptocurrency have in it's domain ,well let's all see how things would be taken into place and be laid into consideration at the moment too I think
 
is it that the crypto currency users can buy the Picasso with only çrypto currency or with normal flat currency , because this actually looks way confusing and not understandable for me , but I really love the development the platform is adopting to grow the development of nft and others

As far as I know, NFTs could be utilised to purchase physical items and goods. There have been many people who have sold expensive items for NFTs. However, I have read somewhere that this painting was sold using the "Idoneus Token". I have never heard about this token before until I read about it in the news.
 

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