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Currently, it is not uncommon to talk about tokenizing objects from the physical world. This is exactly what Stéphane Distinguin, CEO of the innovation company Fabernovel, proposes with the famous painting of the Mona Lisa at the Louvre in Paris.
In this case the representation of the work is also referred to as The Gioconda can be divided into portions or tokens. The idea was also endorsed by Albert Dessaint, consultant and analyst at Blockchain Partner. [Journal du geek]
Distinguin suggested this to Uzbek & Rica Magazine La Gioconda could be tokenized and sold for fundraisers that helps correct and Compensation for losses from the economic and health crisis caused by Covid-19 or corona virus. The CEO said:
“It would be like a great global subscription. Legally and technically, this solution would have many advantages: it would allow France and the Louvre to keep control of the painting.”
Tokenization of art and culture as a form of access
Although Distinguin’s proposal caused a stir among the French and art purists, who wouldn’t want to be “the owner” of a fragment of The Mona Lisa?
The reality is that only someone with a large fortune can afford to buy a work as valuable as La Gioconda, and just to see it live would in most cases require at least one plane ticket. For a long time, citizens were denied access to the so-called “high culture”.
So what’s most strikingThe way to symbolize the famous painting is that it would enable more people and entities thanks to blockchain technology, Choose a digital representation of the paintingwithout leaving your house. Just like a keychain or a souvenir with the photo of The Mona Lisa brought the work into pop culture.
On the other hand, the tokenization of art also allows The works or pieces can be checked;; That is, its validity can be ensured by the immutable registration offered by the technology from which it was born Bitcoin
BUY NOW or blockchain.
This is the case with Forever Rose, a unique rose registered in a smart contract by the network of ether BUY NOW and one of the most expensive “crypto works” in the world that has already been purchased by various collectors. Likewise, collectibles are one of the ways in which a work of art or another product can be represented as a single piece in the unchangeable register of a blockchain such as Ethereum.
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