{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PT-PT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=NFT+news%3A+Picasso+piece+tokenised+and+up+for+public+auction&text=A+Picasso+piece+has+been+tokenised+and+shares+are+up+for+sale+in+the+first+public+auction+in+the+collective+art+world+-+at+a+digital+level.&text=Swiss+bank+Sygnum+has+partnered+with+art+investment+firm+Artemundi+to+offer+shared+tokenised+ownership+of+a+Pablo+Picasso+painting.%0A%0AAccording+to+a+Reuters+report%2C+%3Cem%3EFillette+au+b%C3%A9ret+-+%3C%2Fem%3Ethe+%243.68+million+Picasso+painting+-+will+be+tokenised+and+issued+on+the+blockchain%2C+allowing+a+number+of+investors+to+partly+own+the+digital+artwork.+As+a+non-fungible+token+%28NFT%29%2C+shared+of+the+Picasso+piece+will+be+exclusively+available+through+Sygnum+bank+to+certain+investors+-+both+retailers+and+institutional.+According+to+the+report%2C+the+purchase+will+take+place+on+the+bank%27s+trading+platform+SygnEx+and+trades+will+take+place+in+Swiss+Frances+using+Sygnum%27s+native+stablecoin%2C+DCHF.%0A%3Ch2%3EAccessibility%3A+Art+of+the+blockchain%3C%2Fh2%3E%0AJavier+Lumbreras%2C+co-owner+of+the+art+firm+Artemundi+highlighted+that+this+shift+towards+part-ownership+of+art+represented+on+the+blockchain+stands+as+a+huge+shift+towards+accessibility+in+the+industry.+Art%2C+which+has+been+traditionally+exclusive+to+high-end+collectors+and+investors%2C+will+open+up+as+a+result+of+digital+ownership%2C+he+stated%3A%0A%0A%22%3Cem%3EArtistic%2C+cultural+objects+of+universal+appeal%2C+once+reserved+for+an+elite+group+of+collectors+or+the+museums%2C+can+now+be+safely+and+directly+owned+without+the+burden+of+high+entry+barriers.+The+art+market+is+absurdly+opaque+and+inefficient%2C+but+these+traits+will+soon+be+relics+of+a+bygone+age.%22%3C%2Fem%3E%0A%3Cp+class%3D%22Text__text___3eVx1j+Text__dark-grey___AS2I_p+Text__regular___Bh17t-+Text__large___1i0u1F+Body__base___25kqPt+Body__large_body___3g04wK+ArticleBody__element___3UrnEs%22+data-testid%3D%22paragraph-2%22%3EBoth+the+art+firm+and+the+bank+noted+that+this+also+stands+as+the+first+time+that+part+ownership%2C+and+at+a+public+approach%2C+will+take+place%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp+class%3D%22Text__text___3eVx1j+Text__dark-grey___AS2I_p+Text__regular___Bh17t-+Text__large___1i0u1F+Body__base___25kqPt+Body__large_body___3g04wK+ArticleBody__element___3UrnEs%22+data-testid%3D%22paragraph-2%22%3E%22%3Cem%3EThis+marks+the+first+time+the+ownership+rights+in+a+Picasso%2C+or+any+artwork%2C+are+being+broadcast+onto+the+public+blockchain+by+a+regulated+bank.%3C%2Fem%3E%3C%2Fp%3E%0A%22%0A%3Ch2+data-testid%3D%22paragraph-2%22%3EPicasso+in+digital+form%3C%2Fh2%3E%0A%3Cp+data-testid%3D%22paragraph-2%22%3EThis+might+be+the+first+public+broadcast+of+a+Picasso%2C+but+it%27s+not+the+first+Picasso+to+have+talks+of+tokenisation.+Earlier+this+year%2C+Sotheby+%3Ca+href%3D%22https%3A%2F%2Fmashable.com%2Farticle%2Fpicasso-nft%22%3Eannounced%3C%2Fa%3E+plans+to+auction+%3Cem%3ELe+peintre+et+son+mod%C3%A8le+%3C%2Fem%3E%3C%2Fp%3E%0Aalong+with+the+piece+as+an+NFT.+the+project+ultimately+fell+through+and+only+the+physical+artwork%2C+without+a+digital+version%2C+was+sold.+Last+month%2C+however%2C+a+Picasso+print+was+burnt+to+launch+%22The+Burned+Picasso%22+as+a+NFT+minted+representing+the+brunt+piece.+It+is+worthwhile+noting+that+this+was+a+limited+edition+signed+print+and+not+the+original+artwork+that+went+up+in+flames.+The+art+collective+released+a+video+of+the+burning+of+the+print+and+the+resultant+artwork+that+followed.%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3EWe+burned+a+Picasso+and+turned+it+into+an+NFT...%3C%2Fp%3E%0A%0AWatch+%3Ca+href%3D%22https%3A%2F%2Ft.co%2FzyMZyjdVC8%22%3Ehttps%3A%2F%2Ft.co%2FzyMZyjdVC8%3C%2Fa%3E+-+The+Burned+Picasso+%28%40burnedpicasso%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fburnedpicasso%2Fstatus%2F1415797400258629633%3Fref_src%3Dtwsrc%255Etfw%22%3EJuly+15%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async%3D%22%22+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E","timeout":15}