Marina Picasso, granddaughter of Pablo Picasso, released a statement on YouTube today. This is in response to her and her adopted son Florian’s Ethereum NFT collection after a family feud became public.
She expressed support for NFT technology in the video. She also revealed that her uncle, Claude Picasso, had now endorsed the project. Marina and Florian plan to continue to produce NFTs in the future, according to Marina.
NFTs are one-of-a-kind tokens that exist on blockchain networks such as Ethereum or Solana to show ownership of a digital or real object. Each Marina and Florian Picasso NFT represents ownership of an .mp4 piece of art inspired by one of Pablo Picasso’s renowned bowls.
NFTs Big Names On Board
Marina remarked through a translator in the film, of her son’s obsession with NFTs. “It piqued my interest, so I did some research and discovered that it is a modern technology that allows us to interact with art.” This sparked her interest and resulted in both mother and son launching their own collection.
Since reports surfaced that Claude Picasso, president of the Picasso Administration, did not approve of the NFTs at first, their “Man and the Beat” series has struggled to sell at its high mint price of 2 ETH ($5,800). It has only sold a few times since its introduction about three weeks ago. Despite celebrity endorsements such as musician John Legend.
Origin Protocol, the decentralized marketplace that houses the collection, is still hosting it on a dedicated website. Only 10% of the collection sold since last week, and nothing changed as of today.
“Unfortunately, our thoughts weren’t articulated as well as they should have been, and there was a misunderstanding that didn’t help anyone,” Marina said in the video. From the video, you can derive that the family has come to an agreement and the legacy is to go on.
Claude has now “approved” the NFT collection, Marina noted, and the family will continue to produce NFTs.
Only Claude could accept the NFT proposal as an official Pablo Picasso NFT initiative. A lawyer for the Picasso Administration informed the Associated Press in January.
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