Home » John McAfee Helps Tokenize Picasso Painting

John McAfee Helps Tokenize Picasso Painting

Blockchain-based art investment platform Mae­ce­nasm has teamed up with security expert John McAfee and crypto exchange Ethershift.co to to­k­enize Pablo Pi­casso’s painting on Ethereum blockchain.
news - John McAfee Helps Tokenize Picasso Painting

Blockchain-based art investment platform Mae­ce­nasm has teamed up with security expert John McAfee and crypto exchange Ethershift.co to to­k­enize Pablo Pi­casso’s painting on Ethereum blockchain. 

The new digital asset will be represented as a single ERC721 token for the digitalized artwork.

“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,” the of­fi­cial blog an­nounce­ment states. 

The project is codenamed “Project Phoenix”. Unlike previous asset tokenizations performed by Maecenas, Project Phoenix will be a fully decentralized exercise, and the resulting unique tokens will be created on the public Ethereum blockchain.

The auction will take place around the year-end Holiday season.

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John McAfee commented on the news via twitter:

“I am helping to tokenize rare art objects – a groundbreaking Blockchain application. We will auction a tokenized Picasso at the end of December. This is our second tokenized painting. The first was a resounding success.”

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1 Comment

  1. Well written article!
    This has endorsed the blockchain application once again. Many more will follow.

    Reply

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