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Four of the pop art pioneer's SEC Reg A-approved Freeport collections will be sold through a new regulated blockchain platform.
The Freeport Collection includes reproductionsAndy Warhol's works "Marilyn", "Double Mickey", "Mick Jagger" and "Rebel Without a Cause". Each of the four reproductions is produced in a limited edition of 1000 lots. Waitlist members receive priority access to these digital works of art. For others, sales will begin on May 10.
As the media learned, despite the fact that inThe trade offer involves works of art; in terms of their internal content, tokenized assets are not NFTs, but ERC tokens. They are effectively fractional shares and the acquisition process is tantamount to a mini-IPO.
Reg A is a type of SEC approvalUS Securities and Exchange Commission (SEC), which allows companies to sell ERC tokens as if they were simple fractional shares. Previously, the regulator granted the Freeport art platform the appropriate permission.
In September 2021, the Russian Hermitage launched
selling tokenized works of art on the Binance exchange. The St. Petersburg Museum sold five NFTs and received 32 million rubles for them.
