https://ift.tt/rbsV0Sn Family Will Continue Producing NFTs

Marina Picasso – granddaughter of the renowned painter and sculptor Pablo Picasso – said she and her son Florian will continue launching NFT collections depicting the artist’s work. The digital collectibles caused disputes among the family as some members did not agree with the initiative.

Picasso’s NFTs Received Green Light

Earlier this year, Picasso’s great-grandson – Florian – hopped on the NFT bandwagon by releasing a collection featuring some of the painter’s renowned artwork. The 30-year-old initially launched 1,000 non-fungible tokens in collaboration with the musician John Legend. Shortly after, though, certain members of the family opposed the project.

In a recent interview, Marina Picasso – granddaughter of the legendary painter – revealed that she and her son will continue producing such assets. She also praised NFTs as a “modern technology that allows us to connect with art.”

“It really appealed to me. And it’s in this way that I decided with my son to create our fist NFT collection.”

Picasso’s granddaughter affirmed there was indeed miscommunication in the family regarding the project. However, after discussing the issue, the collection was supported by the painter’s son Claudio:

“I have the support of my uncle, Claudio Picasso… he’s dedicated his life to protecting the legacy of my grandfather, his father.”

The non-fungible token collection is called “Man and the Beat.” It consists of five limited-edition sets of 200 NFTs each. They embody Picasso’s 20th-century art through both traditional and digital forms. The price of a single collectible is $5,812.

Justin Sun Bought a Picasso Painting for $20 Million

In April last year, TRON’s Founder and the CEO of BitTorrent – Justin Sun – purchased Picasso’s “Femme nue couchée au collier” for $20 million. The auction house Christie’s said this is the highest-priced artwork of the 20th century at evening auctions.

Shortly after, he released it on the JUST NFT Fund. By doing so, Sun wanted to increase the number of actively engaged users within the non-fungible token universe.

“I firmly believe that in the next ten years, 50% of the world’s top 100 artists and artworks will be NFTized. The JUST NFT Fund will embrace and strengthen this trend,” he commented.

In addition to that, the Chinese bought “Three self-portraits” by Andy Warhol for $2 million and added it to the fund.

Featured Image Courtesy of Most Famous Paintings