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Culture Club: Can tokenization unlock art’s hidden wealth?
Imagine a world where art is not confined to prestigious galleries or exclusive auctions but accessible to anyone, anywhere. That has now been made possible with the era of tokenization, a groundbreaking concept that is the key to unlocking art’s hidden wealth. Back in 2021, Sygnum, a digital asset bank, and Artemundi, an art investment pioneer, partnered to tokenize Picasso’s Fillette au béret painting. This marks the first time the ownership rights in a Picasso, or any artwork, are being broadcast onto the public blockchain by a regulated bank, enabling investors to purchase and trade…
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