We have a Rembrandt!
We are again a real Rembrandt richer! The Netherlands will become the owner of the canvas ‘the standard bearer’ for 175 million. It is paid by the government for the most part from the reserves (by you and myself). In addition to collective pride in owning one of the world’s most coveted paintings, however, I also got another thought. How nice it would be if we, taxpayers, could all benefit from this undoubtedly good investment. A bonus around the holidays at the end of the year in this already difficult time. What do Non-Fungible Tokens have to do with this?
Today, technology allows us to digitize a painting and also tokenize it. With this we give everyone an exclusive virtual piece of the painting in his or her wallet. Nice to collect, nice for later, or maybe interesting to do something with it. We use blockchain technology to make Non-Fungible Tokens (NFTs) for the painting. These are non-exchangeable digital certificates of an object that is registered in a blockchain database. Anyone can see the registrations. They are transparent, verifiable and immutably recorded.
With the purchase of our Rembrandt, the government becomes the new owner. How could we possibly earn something from it? The painting is royalty-free, but that doesn’t mean you can use every photo of the painting. The creator of the photo has copyright. What if the government (thanks to its citizens) makes a special digital print of the canvas and starts publishing it with NFTs? We, Rembrandt Token Holders, will then have the exclusive right to use this digital copy. We can then do something with it. Compare it to the exclusive broadcasting rights of a football match. Only the broadcaster that has the rights may broadcast the images. Those rights therefore have a financial value. This is also the case with our Rembrandt Tokens. We receive a digital certificate, a signed copy with a limited edition of approximately 17 million pieces. Like you can have a signed copy of a biography. But now completely in the digital world and with additional information and agreements, stated on your NFT certificate. With NFT technology, we can create scarcity while building a new value system. The emergence of NFT technology creates new potential revenue models for everyone. Why not start with our national pride? After all, it belongs to all of us!
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