Is it now hard to dispute that NFTs are a new manifestation of modern art? This technology continually shows its power to unite communities, making it a potent tool for distribution and communication that more and more artists are embracing, including the legendary Andy Warhol.
The New NFT Collection Consists of 4 Famous Works of Andy Warhol
Freeport has recently launched a collection of four NFTs featuring paintings by the renowned artist Andy Warhol. The platform allows art collectors to invest in artwork through NFTs, providing access to a wider audience. The collection includes popular paintings such as “Marilyn” (1967), “Double Mickey” (1981), “Mick Jagger” (1975), and “Rebel Without a Cause (James Dean)” (1985). Each painting will have 1,000 copies available for purchase, with a price range of $250 to $860, making it more accessible to enthusiasts. To tokenize the works, Freeport has partnered with Vertalo, a tool that enables the artworks to be available in the DeFi and NFT universe. Vertalo has received approval from the SEC (Securities Exchange Commission), allowing the Warhol paintings to have a second life on the Ethereum blockchain.
Will NFT Art Stay With Us For A Long Time?
Colin Johnson, the CEO and co-founder of Freeport commented on the subject of NFT art and its surge in popularity over the past few years. He explained that as more value moves onto the blockchain, a younger and less financially secure group of investors is becoming interested in fractional ownership of art. Freeport’s platform not only allows for the fractional ownership of NFT art, but it also provides an immersive and interactive community centered around art that aims to redefine the concept of ownership. Owning something on the internet takes on a new dimension with art on the blockchain, but caution should still be exercised because this new form of ownership is still in development. It is unclear whether owning an Andy Warhol NFT will provide various utilities such as event invitations or paper printing of the work.