Marina Picasso, granddaughter of famous painter and sculptor Pablo Picasso, released a statement on Youtube today in response to her and her adopted son Florian Ethereum NFT collection after a family disagreement becomes public. In the video, she expressed her support for NFT technology and shared that her uncle, Claude Picasso, now approves of the project. Going forward, Marina said she and Florian “will continue to produce NFTs.”
NFTs are unique tokens that exist on blockchain networks, like Ethereum or Solana, and demonstrate ownership of a digital or physical asset. In the case of these Marina and Florian Picasso NFTs, each token indicates ownership of an .mp4 file of art inspired by one of Pablo Picasso’s famous bowls.
“I have a 30-year-old son who is passionate about NFTs,” Marina said in the video through a translator. “It appealed to me, so I looked into it, and I find that it’s a modern technology that allows you to connect with art. I really liked it. And that’s how I decided with my son to create our first NFT collection,” she says.
Their NFT collection, titled “Man and the Beat,” has struggled to sell at its hefty price tag of 2 ETH each (approximately $5,800) since reports surfaced that Claude Picasso, chief administrative officer Picasso, did not initially approve of NFTs. Despite celebrities like the singer john legend promoting the project, few have actually sold, since the collection launched nearly three weeks ago.
The Origin Protocol decentralized marketplace still hosts the collection through a personalized website. To date, not much has changed since Decrypt first reported last week that only 10% of the collection had been sold.
“Unfortunately, our ideas weren’t communicated the way they should have been, and compared to some members of my family who already had a difference of opinion, there really was a misunderstanding that didn’t matter. good to no one,” Marina said in the video. “I have the support of my uncle, Claude Picasso…he dedicated his life to protecting the legacy of my grandfather, his father,” she said.
Marina added that Claude has now “approved” of the NFT collection, and that the family will “continue to produce NFTs”.
A lawyer for the Picasso administration told the Associated Press in January that only Claude could approve the NFT project as the official NFT project of Pablo Picasso.
Now, it looks like that possibility is back on the table.