Fundacion Sanso, the non-profit organization that preserves the legacy of master painter Juvenal Sansó is set to partner with Unit 256 Ventures Inc. under Artifract. Know more:
MANILA, Philippines — Fundacion Sanso, the non-profit organization that preserves the legacy of master painter Juvenal Sansó is set to partner with Unit 256 Ventures Inc. under Artifract.
The partnership aims to ensure the integrity and safety of all pieces of Fundacion Sanso for its future preservation. “Using this technology is very much aligned with our commitment to safeguard and promote the legacy of Presidential Medal of Merit Awardee, Master Juvenal Sanso. Blockchain and NFT will help us ensure authenticity and provenance, and in the process, work against forgery.
This project also answers the big gap in the art space when it comes to artists’ and estates’ rights to their pieces. According to Artifract’s legal counsel, AJA Law , “for the artists and the estates, the project allows for trackable royalties that are cryptographically secure. The nature of NFTs allow instant authentication and an ability to track the provenance and value even through subsequent transfers or sale of the asset in the digital marketplace.
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