Heirs of Pablo Picasso are vaulting into 21st-century commerce by selling 1010 digital art pieces of one of his ceramic works.
, which have netted millions for far-less-known artists and been criticised by some as environmentally costly get-rich schemes.Loading
Cross this notion with cryptocurrency technology known as the blockchain and you get NFTs. They are effectively digital certificates of authenticity that can be attached to digital art or, well, pretty much anything else that comes in digital form – audio files, video clips, animated stickers, even a news article read online.
Cyril Noterman, a longtime manager for Florian Picasso, and Kathryn Frazier, a publicist for the project, said Sotheby’s would host an auction in March that will include a unique NFT as well as the actual ceramic bowl.
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