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Bitcoin and Basquiat, they both made certain people a lot of money.
But for the investment-minded who might be interested in both, its not just about a well-rounded portfolio.
The world oftokenizationof different asset classes is on its way here, he declared.
But how might that work in the art world, and how might that be a good thing?
Investor, socialite, Artsyco-founder(andrumoredChinese spy) Wendi Deng Murdoch was there as an attendee.
Art on display also includedRichard Princes Instagram girlsand aCryptoKittyposter by Simon Denny.
I took a Warholian view of this whole thing, he says about new blockchain startups.
Like, lets make it happen and just go for it.
I mean, art is already a cryptocurrency at this point.
Not everyone at the conference was enthusiastic about fractional art ownership.
Im leaning towards no.
Blockchain technology has the potential to change how art is traded in other ways.
But still some artists are wary.
I guess part of me is a bit scared to see a securitization of art, says Denny.
Is that something we want to accelerate into?
Denny doesnt see fractionalized art ownership affecting emerging artists like him and is skeptical of utopian narratives around blockchains.
Weve been talking about art-meets-blockchain for about five years now, says Pierce.
Ive invested in a couple of different blockchain [companies].
Some tokens, some ICOs, an art protocol, he told me.
Actually I did this [conference] in part to invest in more.
But its not only up to investors.
