Master-pieces: Swiss bank issuing NFT shares in Picasso painting for $6K each
Swiss digital asset bank Sygnum is issuing NFTs representing fractionalized ownership in a Picasso painting. Digital asset-focused Swiss Bank, Sygnum, has teamed up with art investment firm Artemundi to offer fractionalized ownership shares in a Pablo Picasso painting for $6,000 each.Shares representing ownership over $3.68 million Picasso painting, “Fillette au béret,” will be tokenized and issued via blockchain technology, allowing a wide variety of investors to gain exposure to the artwork.The nonfungible tokens (NFTs) can be exclusively purchased by sophisticated and institutional....
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