Blockchain: Fractional Art

Some ventures, such as Maecenas, have proposed fractional ownership of artwork via blockchain tokenization. Instead of buying a piece of art, you’d … um … buy a piece of a piece of art. The mysterious artist Banksy took fractionalization a step further by using a shredder hidden in the picture frame to partly shred his own art work immediately after it was sold for $1.2M at a Sotheby’s auction. He posted a video of the shredding on his Instagram account. There was some speculation whether the work is worth more in pieces, and it was unclear whether the auction sale will stand.

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