"Fractionalizing the work in 10,000 NFTs allows a much wider audience to be part of a collecting experience," the man behind the audacious project says.
Love Is In The Air — created back in 2005 — depicts a masked man throwing a bouquet of flowers instead of a bomb.
Loic Gouzer has established a company called Particle that is powered by the Avalanche blockchain and aims to "change the way people own, collect, experience and enjoy fine art."
Speaking to the newspaper, Gouzer said:
"When I was a kid and I was looking at auctions and catalogs, I always felt it was impossible to participate financially and that I was by definition excluded. Fractionalizing the work in 10,000 NFTs allows a much wider audience to be part of a collecting experience."
Now you may be wondering, what's the point in owning a tiny fraction of a piece of art — not least because it can't take pride of place in your home? He explained:
"Of course you can enjoy art when you go to a museum, but the enjoyment from art comes also with owning it. That’s why people collect."
An Exciting Development
Given how the art is based on a white background, some of these "particles" might not be all that inspiring — but it nonetheless reflects a minority stake. The newspaper reports that a collector's card will allow investors to pinpoint the exact location of their particle, and admire the artwork as a whole too.
Success could also start a trend that could threaten millionaires attempting to get their hands on coveted masterpieces — not least because they'll have to contend with an army of retail investors.
ConstitutionDAO is now in the process of disbanding, and some donors have been left with a bitter taste after their ETH refunds were considerably eroded by gas fees.