Maecenas, an art investment platform, has teamed up with Ethershift to tokenize an unspecified painting by Pablo Picasso on Ethereum.
An auction for tokenized partial-ownership of the painting will take place near the end of 2018 and follows Maecenas’ successful tokenization of an Andy Warhol painting just two months ago.
The tokenization of real-world assets has recently experienced significant implementation.
Now, those benefits have reached a Picasso painting, which will be tokenized on Ethereum.
Ownership of the classic painting will be fractionalized, where each token holder will represent a portion of the painting’s ownership.
The team behind the project includes blockchain-based art investment platform Maecenas, ERC20 exchange Ethershift.
Be aware: this project involves John Mcaffee.
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