The work of visible artwork pioneer Andy Warhol is being fragmented into 961 NFTs. The piece in query is named ‘Portraits of the Artist 1.7,’ which is a compilation of 10 multi-coloured polyurethane cube-style portrait prints which have been compiled collectively horizontally.
In buying a Portraits of the Artist 1.7 NFT, homeowners will change into the recipients of an 1/961 NFT model of the bodily piece. Authenticity in possession is paramount, which is why every NFT will likely be accompanied by signed launch rights from Mexican artwork collectors Cubic, who’re the present homeowners and sellers of the bodily piece.
Every of the fragmented 961NFTs value round $55 to mint, which means if all items are bought, round $53,000 in income will likely be generated.
The undertaking is an instance of how blockchain tech is democratising the thrill of proudly owning bodily masterpieces. That is one thing Cubic alluded to when saying the undertaking, as an organization spokesperson had this to say: “{Collecting} artwork is not a privilege of the choose few. Blockchain has formed the course of artwork historical past and its market. By becoming a member of Cubic, you change into a part of a community that can permit the decentralization of conventional practices of artwork”.
A launch date for the undertaking remains to be TBA, nonetheless you cans signal as much as the whitelist here.
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