Fed by Origin Protocol, a decentralized network for the sale and distribution of virtual items, “Picasso Man & The Beat” is available in five limited-edition packages of 200 NFTs. The artwork was inspired by a never-before-seen original Picasso painting that is scheduled to be sold at Sotheby's in March and Picasso's granddaughter Marina and great-grandson Florian.
“This collection embraces 20th-century art in both traditional and digital forms,” said Origin Protocol co-founder Matthew Liu. "'Picasso Man and the Beat' is a mélange art form that binds the past and future together. It's depicting how traditional forms of art and their legacies are being transplanted to the burgeoning NFT industry.”
However, several other Picasso family members disputed the film's copyright and took issue with it. Florian's NFT, according to a lawyer for the Picasso Administration, was "his own creation, independent of any claim vis-a-vis Pablo Picasso and his works." The artist further argued that a connection with a Picasso work would violate his or her artistic monopoly.
"We do not see these new artworks as having any connection to Pablo Picasso and his works. We believe that they are infringing on our artistic monopoly," Marie-Line Ricard, a lawyer for the Picasso Administration, told CNN Business.
The artwork was created by Barcelona-based computational design studio Pegasi and features "an ominous, heavily tattooed figure with a cigarette dangling between his lips."
“Some family members are against the project and wish to conceal [Pablo Picasso's] name,” Florian remarked. The upcoming film "Picasso Man & the Beat" is being distributed through a special website built using Origin Protocol.