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Justin Sun announced that the JUST NFT Fund has officially NFTized Pablo Picasso’s “Femme nue couchée au collier (Marie-Thérèse)” and this artwork was purchased last March 23rd at Christie’s in London during their modern and contemporary evening art sale.

JUST NFT Fund also purchased Andy Warhol’s ‘Three Self Portraits’ for 2 Million USD on the same evening art sale and it would be possibly the next in line to be digitally registered on the blockchain via a process known as tokenization.


How did they NFTized Pablo Picasso’s Artwork?

JUST NFT Fund’s purchased artwork proceeded into a process called tokenization which is very common in the NFT industry.

As stated by JUST NFT Fund, they mentioned that the ownerships of the Pablo Picasso artwork have been mapped on the TRON public chain according to the TRC721 standard and it will permanently preserve the artwork on the TRON Blockchain and BTFS decentralized storage system.

Expect to see JUST NFT Fund purchasing more world-class artworks from world-class artists and it is just a matter of time that their artwork will be added to the TRON Blockchain.


What is JUST NFT Fund?

JUST NFT Fund was established by Justin Sun which focuses on acquisitions of blue-chip art and artworks from top NFT artists in the industry. It is the NFTization and transfer of the world’s top artworks to the blockchain.

Asides from the Warhol and Picasso artworks, Justin Sun recently purchased a carbon-neutral digital art made by Beeple for 6 Million USD and able to outbid everyone on CarbonDrop, the three-day auction of non-fungible tokens (NFT) artworks.

The JUST NFT Fund will only accept NFT art pieces that have a price tag of at least 1 Million USD and a median price of around 10 Million USD.

The said fund aims to build a bridge between top-notch artists and blockchain and to support the growth of native crypto NFT artists.

For more news and updates, see Tron Spark.


Jino Tokieda

Meet Jino Tokieda, a skateboarder for over two decades and a proud father of two. Jino is a unique individual, as he is a Japanese Filipino, and brings a unique perspective to his writing. With over 21 years of experience in the skateboarding world, Jino has a wealth of knowledge and experience to share with others. In addition to his skateboarding career, Jino has also worked as an account executive for a global photography company, giving him a diverse background and a unique perspective on the world. Since 2020, Jino has been writing articles for Tron Spark and has been involved with the TRON crypto community for a few years. With his vast knowledge and experience, Jino is sure to provide valuable insights and information to his readers.

JUST NFT Fund: Pablo Picasso's Artwork Officially NFTized