An early 20th century master with a permanent installation at the Museum of Modern Art is in the process of breathing new life into the blockchain.
In collaboration with the NFT marketplace Mintable, the family of Vladimir Baranoff-Rossine will publish a collection of the works of the respected Cubo-Futurist. There will be a number of paintings digitized as drops of 1000 prints, three digitized NFT piece auctions and one NFT / physical painting hybrid auction to offer the highest bidder both an original Baranoff-Rossine physical painting and an NFT image of the Job.
On the podcast of crypto market data provider Brave New Coin, Zack Burks, CEO of NFT marketplace Mintable, stated that the upcoming auction could be the best-known example of the tokenization of a physical fine art painting.
“It’s historical, we’ve never had anything like it in the NFT ecosystem,” said Burks. “NFTs have been around for three years, at least on Ethereum, and there has never been an artwork that has been tokenized.” It has always been something we have talked about in the NFT ecosystem, but it has never been achieved, and especially not by someone with such a legacy as Vladimir Baranoff-Rossine. ”
Baranoff-Rossine’s grandson, also known as Vladimir, said the physical art / blockchain mashup fits in well with the Russian’s legacy. Baranoff-Rossine was an inventor as well as a sculptor and painter and known for avant-garde experiments and pieces that combined sound, color and technology, such as the “octophone piano”.
Burks and Baranoff-Rossine’s grandson noted that Mintable awaits interest from art collectors, newly wealthy Ethereum whales, and casual collectors. However, given the absurd $ 69 million Beeple’s “Everydays: The First 5000 Days” recently received at Christie’s auction house, Burks believes the offer will amount to a war between an NFT collector and an art collector if you consider how attractive the mashup can be on both worlds:
“For me, of course, I run an NFT marketplace, I like NFTs that I collect and when I see that I want to buy it. I want to hang this on my wall, I want to have a piece of historical art in my house AND have the NFT. That’s the beauty behind this drop. “
Critics became collectors
Many in the art world have been picky about the recent incursion of crypto, grumbling that the work that digital and NFT artists have spawned is childish or otherwise under their attention. It is an answer that shows significant historical parallels, including to Baranoff-Rossine: While critics and press doubted his work at the time, one of his sculptures is now part of the permanent collection at MoMA.
When asked if Baranoff-Rossine would be part of the current NFT art revolution if he were still alive today, his grandson replied enthusiastically.
“Absolutely. It’s something he’s done all his career, so yeah, absolutely, I think that’s what’s exciting about blockchain,” he said. “The other thing is that as an artist, the most important thing is that the People will see that you are working whether you are dead or alive. So the entire art scene in blockchain technology and in the NFT space is putting a lot more eyes on the collection. ”
The drop will contain a variety of pieces with different price ranges. The main auction will be the physical painting linked to the NFT (the painting will be sent to the winner) as well as three other auctions for digitized works and six “open editions” – 1,000 digitized fixed price items.
Other experiments, like a burned Banksy artwork revived as an NFT on the chain, included destroying the physical part or finding ways to connect the physical and digital works, for example with a microchip. However, Burks believes that simply creating the NFT loosely attached to the physical part has benefits in terms of reducing paperwork and source bookkeeping.
Hybrid physical labor and NFT releases also seem to be on the rise: last week, Cointelegraph first reported that legendary British artist Damien Hirst was about to release an NFT project called “The Currency”.
It seems that the people who criticize the new technology will collect it soon enough.