Freeport, the soon-to-be-launched blockchain-based platform for investing in fine art, will exclusively offer four works by Andy Warhol as security tokens (digital securities).
According to a press release, the four pieces were “partially acquired” from prominent art collectors. The four works are Warhol’s representative works “Marilyn” (1967), “Double Mickey” (1981), “Mick Jagger” (1975), “Rebel Without a Cause (James Dean)” (1985). , divided into 1000 tokens each and provided.
Dave Hendricks, co-founder and CEO of digital asset management tool Vertalo, said Freeport will use Vertalo to tokenize works of art so they can be bought and sold on DeFi (decentralized finance) platforms. Freeport cleared US Securities and Exchange Commission (SEC) regulations on March 29, allowing high-end works of art to be offered as security tokens on the Ethereum blockchain.
The collection is set to launch in May, and a waiting list has already been prepared. The starting price for each tokenized lot will range from $250 to $860, according to the website.
“As more value moves on-chain, segmented works of art are increasingly sought after by young but financially strapped investors.” More than just dividing works into security tokens, we are building a fully immersive and interactive platform that develops art-centric communities and redefines the ownership experience around divided works of art.” said Freeport co-founder and CEO Colin Johnson.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: Andry Warhol/Freeport
｜Original: Andy Warhol Artworks to Be Offered as Tokenized Investments on Ethereum