Stock Groups

How Minting NFTs Could Protect Cuban Artist’s Legacy from the Government -Breaking


How Minting NFTs Could Protect Cuban Artist’s Legacy from the Government

Amelia Peláez Del Casal (1896-1968) is considered one of the greatest Cuban artists. Her modernist paintings strongly defined Cuba and reflected the generations of artists that were repressed by Castro’s communist regime.

When Peláez passed away, there was an expectation to have her house turned into a historical art hub for Cuban artists to learn from her legacy and become inspired by her life and work.

However, as soon as she died, the government put a security guard outside of Peláez’s house and confiscated all her artwork, as well as her furniture and other personal belongings. The artist’s collection was distributed among several of Havana’s cultural institutions that are a part of the dictatorship, including the famous Museo de Bellas Artes.

To liberate Peláez’s art, The Amelia Peláez Foundation led by her family members is launching AmeliasNFT.

“The Amelia Pelaez Foundation’s NFT drop is about the power of Cuban artists that have been fighting for freedom for generations.”
The goal is to create compilations of Peláez’s work, “which will effectively wipe fake Amelia paintings off the market, shutting off a financial resource for the most cynical in the dictatorship’s art market,” wrote Carmen Peláez, a relative of the belated artist and the head of The Amelia Peláez Foundation.

NFTs by their nature go against centralized entities and corruption and will certify proof of ownership, quite the opposite of what the Cuban government does by seizing art without an artist’s or their heirs’ permission.

AmeliasNFTs will open a blind drop on December 8th, 2021 at 6 p.m. EST. Each buyer will get a randomly selected piece. Amelias will come at 0.1 ETH, plus the price of gas. There will also be a secondary market for OpenSea after the drop.

One physical print can be bought per NFT by the foundation’s partnership with an art printer shop. The prints will be stamped by the Amelia Pelaez Foundation and recognized in the Catalogue Raisonné. Buyers will also get access to Carmen Peláez’s award-winning play, “Rum and Coke,” which tells Amelia’s art journey.

Flipside

  • Do NFTs have the power to liberate an artist’s legacy and protect artwork?

EMAIL NEWSLETTER

You can also join the crypto-verse

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7 404 "Not Found"]
With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses caused by the data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.