"Utilizing the unique technology platform developed by Maecenas, you can now own a piece of history".
"We're making history. This Warhol is the first artwork of many more to come", Casil added.The auction will be conducted on the Ethereumblockchain, and a smart contract will determine the final price for Warhol's painting. Going beyond its usage in financial and industrial sectors, the ethereum blockchain will be used in June 2018 to carry out the auction of Andy Warhol's 1980 artwork, 12 Small Electric Chairs for cryptocurrencies.
According to Maecenas, Dadiani Syndicate, a crypto-friendly art gallery in the United Kingdom, will be auctioning fractional ownership of the pieces on June 20.
It is the first time that an artwork from an internationally renowned artist will be sold using blockchain technology. "The higher the values get, the more incentive there will be for the market to be properly financialized".
Legendary American pop artist Andy Warhol's artwork "14 Small electric chairs" now valued at $5.6 million is set to be sold using the Ethereum blockchain.
Days Gone release date set for February 2019 Not only that, R.I.P. members or Rippers as they call themselves, even dress as Freakers and will kill any non-Ripper human being. Alkai Turner ( Jonathan Joss ) is then an arms dealer at Hotsprings, and Ada Tucker ( DeeDee Rescher ) is a former prison matron.
Trump upbeat about meeting with Kim The G7 leaders also discussed the issue of uncontrolled migration and the threat it poses to national security. Recent World Trade Organization data shows that America's average tariff for imported goods is 2.4%.
Buyers will be able to purchase digital certificates on the blockchain representing fractional ownership in the work, which is now valued at £4.2m ($5.6m). He envisages a large-scale trading platform on which investment banks and hedge funds will be able to trade fractions of art in digital currency.
"We aim to render the future of fine art investments to global reach".
Even though this is not the first time an art piece is bought via cryptocurrency, it is regarded to be the most expensive and most high profile. Also, the auction house has asked all participants to comply with local regulations to prevent money laundering.
The dimensions for 14 Small Electric Chairs are 202.5 x 81.8 cm. The work is accompanied by a certificate of authenticity from the Andy Warhol Art Authentication Board in NY. Along with Warhol's works Campbell's Tomato Soup Can, Dollar Bill, Marilyn Monroe and Green Coca-Cola, Electric Chair is considered to be an icon and an all-American emblem. The piece also features a finger swipe that Warhol's own hand supposedly made.
Additionally, blockchain technology will completely change the way in which art is transacted. Investors can undertake transactions through a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
The glorious moment came after Indian women's team defeated Sri Lanka in the ongoing Women's Asia Cup T20 in Malaysia. International Cricket Council (ICC) took note of Raj's milestone and congratulated her on Twitter.
I can reiterate that in our last telephone conversation he expressed his concern about the threat of a new round of the arms race. The presidents of China, Russia and Mongolia pledged to strengthen trilateral cooperation during their meeting here on Saturday.
A cousin of hers had been shot in the head earlier in the day during clashes with Israeli soldiers, her lawyers have said. A video of the aftermath of the incident was provided by Mohammad Attalah Tamimi (Warning: graphic footage).
Later, according to the lawsuit , Cohen texted that the "wise men" decided it wasn't "smart for her to do any interviews". "Mr. "Being an adult film star does not make you a liar", Kelly said during her show "Megyn Kelly Today" on Thursday.
EA's Live Show might not be open to the public, but it's hosting a Player Fan Fest at the Hollywood Palladium on June 9-11. Apart from the new Jedi: Fallen Order , the new Star Wars Battlefront 2 will be featuring the Clone Wars .
Earlier this week, he also commuted the life sentence of a woman whose cause was championed by Kim Kardashian West. He was stripped of his heavyweight championship titles and boxing licenses, and convicted of draft evasion.
Divided on immigration, House Republicans are huddling privately as leaders try pushing them toward consensus on the issue. The biggest hang-up remained what to do with people brought to the USA illegally as children, known as Dreamers.
French President Emmanuel Macron , whose country will host next year's summit in Biarritz, said work would continue. In a statement, The Associated Press reported, a spokesman for Trudeau did not address Trump's tweeted insults.
Fury has been linked with a clash against former WBC cruiserweight champion Tony Bellew, who is roughly the same size as Seferi. Fury coasted to victory over Seferi who was pulled out of the contest at the end of the fourth round.
While Clinton admitted the interview was "not his finest hour", he doubled down on what he had said at the book tour event. Clinton has been under scrutiny over his recent remarks about Monica Lewinsky and the #MeToo movement.
The French prosecutor confirmed that he died by suicide while staying at the Le Chambard Hotel in the old part of Kaysersberg. The last photo Anthony shared of his mother was one from his childhood which also featured his brother Christopher.
Region's jobless rate up for second straight month
The agency goes on to say that employment for men and women in the core working ages of 25 to 54 both fell by about 19,000 in May. In accommodation and food services, employment rose by 18,000 in May, driven by growth in British Columbia.
Womens Asia Cup T20: Bangladesh stun India for maiden victory
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Comey tweets support for Canada after Trump attacks Trudeau
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Power leads crowded St Jude Classic as Johnson lurks
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Anderson Talisca completes loan move to Guangzhou Evergrande
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Photo of Merkel, Trump captures G7 tensions
Vice President Mike Pence told Trudeau he would have to agree to that before Trump would agree to meet him. Trudeau added that he had not agreed to a new North American Free Trade Agreement with a sunset clause.
Oil down as Opec's bearish spin raises supply worries
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Became known date of presentation of the Xiaomi Redmi 6
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