Blockchain-based firm Maecenas has partnered with John McAfee & cryptocurrency exchange Ethershift, in order to digitalize and tokenize works of a Spanish painter — Pablo Ruiz Picasso, the official blog announcement says.
Maecenas is a blockchain art gallery emarket that is focused on democratizing access to fine art.
The announcement states:
“We are tokenizing a masterpiece, and making the painting perpetually inaccessible. Any eventual release date of the physical painting can only be decided via a voting process by token holders, after the minimum amount of time has passed well into the future.”
It’s also said that the digitalized artwork will be represented as a single ERC721 token. The auction will happen around the year-end Holiday.
The codename of the upcoming event is “Project Phoenix”.
Earlier, Dadiani Fine Art and Maecenas Read changed their business vision in favour of blockchain. Both art galleries became the first in the U.K. to accept seven different cryptocurrencies as payment.
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