Marina Picasso, the granddaughter of Pablo Picasso, has posted a statement on YouTube today to respond to her and Florian's Ethereum NFT collection following a family dispute that went public. She expressed her support for NFT technology in the video and said that her uncle, Claude Picasso now supports the project. Marina stated that she and Florian would "continue to make NFTs" going forward.
NFTs, which are unique tokens, can be found on blockchain networks like Ethereum and Solana. They show ownership over a physical or digital asset. These NFTs Marina and Florian Picasso show ownership of a.mp4 file of art that was inspired by one Pablo Picasso's famous bowls.
Marina, through a translator, said that her 30-year-old son is passionate about NFTs. It appealed to my, so I researched the subject. I found that it is a modern technology that allows for us to connect with art. It appealed to my heart. It was in this spirit that I and my son decided to create our first NFT-based collection," she explained.
The NFT collection, titled Man and the Beat, has not been able to sell at the high price of 2 ETH (roughly $5,000.00) since it was reported that Claude Picasso, the Picasso Administration's head, initially did not approve of the NFTs. Few have sold since the collection's launch almost three weeks ago, despite the promotion by celebrities such as John Legend .
The collection is still hosted by the decentralized marketplace Origin Protocol via a customized website. As of today, Decrypt reported that only 10% had been sold since last week's first report.
Marina stated in the video that "Unfortunately, our thoughts weren't communicated properly and in relation to some members of my family who already had a differing opinion, there was really an understanding that didn't help anyone." She said, "I have the support and love of my uncle, Claude Picasso... he has dedicated his life to the preservation of the legacy of his grandfather, my father."
Marina stated that Claude had "endorsed" the NFT Collection, and that the family will continue to produce NFTs.
In January, a lawyer representing the Picasso Administration informed the Associated Press that only Claude could approve the NFT Project as an official Pablo Picasso NFT Project.
It seems that this possibility is back on the table.