Andy Warhol Artworks to Be Offered as Tokenized Investments on Ethereum

Four of Warhol's famous works were "partially acquired" from well-known art collectors, and each work will be available as shares in the form of security tokens. Consensus 2023 Logo Daniel Alegre CEO Yuga Labs Hear from Yuga Labs new CEO in his first public appearance since assuming the position. Secure Your Seat Freeport, a soon-to-be-launched blockchain-based platform that allows people to invest in fine art, is offering an exclusive four-piece collection of prints from pop artist Andy Warhol. According to a press release, the four works were "partially acquired" from well-known art collectors, including Jane Holzer. The collection will include prints of some of Warhol's most famous works – including "Marilyn" (1967), "Double Mickey" (1981), "Mick Jagger" (1975), and "Rebel Without a Cause (James Dean)" (1985) – and will be limited to 1,000 tokenized lots each. Dave Hendricks, CEO and co-founder of digital asset management tool Vertalo, told CoinDesk that Freeport will utilize Vertalo to tokenize the artworks so they can be bought and sold on decentralized finance (DeFi) platforms. The platform cleared a regulatory hurdle with the U.S. Securities and Exchange Commission (SEC) on Wednesday, allowing it to fractionalize shares of fine artworks in the form of security tokens on the Ethereum blockchain.