Speaking Of Crypto
037. Tokenizing Securities in Art with Richard McBeath
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:53:32
- More information
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Synopsis
“When we talk about securities tokens, that you openly can talk about a financial return because you’re investing in a product or a business with the expectation of financial return. When we talk about utility tokens and utility token sales, we’re talking about purchasing tokens in order to access or use a product or service so there shouldn’t be any expectation for financial return.” Richard McBeath, VP of Marketing for Masterworks shares his story and the innovative project he’s working on involving tokenizing securities, specifically artwork, on a blockchain. Have you ever wondered what’s it must be like to own a Picasso or a Monet or an Andy Warhol painting? Up till now, only the wealthiest people in the world have been able to afford the kind of artworks created by the masters. But with blockchain technology taking the securities world by storm, all that’s about to change. Masterworks is tokenizing artworks. So, if you’ve ever dreamed of owning a piece of history, a famous work of art or a painting by a