NFT and Art: Andy Warhol’s works land on Ethereum


When art becomes a link in the blockchain – NFTs, a new form of contemporary art ? It is now difficult to deny it, as this technology demonstrates its ability to bring communities together every day. A formidable vector of dissemination and communication which more and more artists are taking advantage of. Even the famous Andy Warhol gets started.

Andy Warhol invites his Marilyn into the NFT sector

Freeport is a platform for collectors to invest in art through NFTs. And this one has just launched a collection of four pieces NFT from the paintings of the famous artist Andy Warhol. Among them, some well-known paintings: “Marilyn” (1967), “Double Mickey” (nineteen eighty one), “Mick Jagger” (1975) and “Rebel Without a Cause (James Dean)” (1985). The advantage of this NFT campaign? Open these works to a greater number of enthusiasts.

Andy Warhol’s works soon in NFT on the blockchain

And the concept is particular: the buyers will hold a portion of the work. Indeed, each painting will be available in 1,000 copies. The advantage? A much more affordable entry ticket: $250 to $860which is still a sum.

To do this, Freeport has hired the services of Vertaloa tool that will make it possible to tokenize these works in order to make them available in the DeFi universe (decentralized finance) and NFT. Vertalo has also recently clarified all the technical points concerning this tokenization of works of art with the American regulator. In other words, the DRY (Securities Exchange Commission) who gave his approval for the paintings of Andy Warhol to find a second youth on the ethereum blockchain.

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NFT art: a trend that’s here to stay?

Colin JohnsonCEO and co-founder of the Freeport platform, spoke on this subject and on the NFT art boom in general in recent years:

“As more and more value migrates onto the blockchain, split art is gradually being sought after by a younger and less financially flexible class of investors. Our platform goes beyond just slicing NFT artwork. We have built an immersive and interactive platform with a community centered around art and seeking to redefine the concept of ownership around fractional art. »

In other words, with theblockchain art foray, owning something on the internet takes on a whole new dimension. Caution should be observed, however, because this new mode of ownership is still under development. Will holding one of Andy Warhol’s NFTs be subject to various utilities? Invitation to events, paper printing of the work? This is currently not specified.

Behind an NFT hides the beauty of the artistic work, the feeling of being part of a community and sometimes also many utilities. This new vector of property carried by blockchain technology is developing at breakneck speed and is attracting the interest of many fashion brands and artists who wish to try out this technology, but who also see it, do not be hide it, a new windfall of pecuniary gains.

Real estate, intellectual property, art… “crypto” now extends well beyond just cryptocurrencies. On your side, take the train while there is still time and go register on AscendEX! Your trading fees will be reduced by 10% (commercial link, see conditions on site).



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