A Picasso artwork was just sold for cryptocurrency

When Pablo Picasso drew “Danse du ventre devant homme impassible” in 1971, he probably never imagined it would get sold for crypto.

A Pablo Picasso artwork, Danse du ventre devant homme impassible, has been sold for cryptocurrency—the first time an entire, original work by the world famous artist has been sold in this way.

The artwork, translated as Belly dance before impassive man, was bought from a private seller by a Swiss company called Idoneus, which made the announcement on Tuesday. It states its aim as expanding the value of the luxury asset market.

“According to the research we have done, this is indeed the first time full ownership of an original artwork by Pablo Picasso has been transferred formally with payment in cryptocurrency,” Idoneus CEO Jarrett Preston told Decrypt.

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