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Not buying unless it's a million US dollars! TRON NFT Foundation acquires Picasso and Andy Warhol's authentic works. What's the purpose?

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Not buying unless it

TRON founder Justin Sun announced the establishment of the TRON NFT Foundation three days ago, aiming to focus exclusively on artworks valued at over 1 million US dollars. On the evening of April 1st, Sun revealed that he had successfully bid on Picasso's "Femme nue couchée au collier" and three self-portraits by Andy Warhol at Christie's. Update 4/29: Sun has announced the ownership of "Femme nue couchée au collier" will be tokenized as an NFT on the TRON blockchain: Related link

What is Sun Yuchen's intention behind the bidding for the artwork?

Sun Yuchen stated: "This auction is a significant milestone for JUST NFT's entry into the top art industry. I believe that more world-class works by top artists will be added to JUST NFT's collection in the future, so stay tuned."

What is Sun Yuchen's purpose?

In a statement by TRON NFT, the fund bid $6 million on Beeple's NFT artwork "Ocean Front" on March 23, indicating that it will be mapped 1:1 on the TRON blockchain.

Moreover, TRON NFT also mentioned that they will tokenize more artists and artworks. It seems that the auctioned works of Picasso and Andy Warhol by Christie's will be the first steps.

Leshner, the founder of DeFi platform Compound, also took notice of this, stating:

This is an obvious early case of bringing offline assets onto the chain, insuring the purchase of assets and fragmenting them in the future.

"Fragmentation" has always been a topic of discussion in security token offerings, such as splitting the rights of high-value assets like paintings, real estate, and jewelry, allowing small investors to get involved, share profits through resale or rental. If Sun Yuchen's idea is to tokenize famous paintings and then issue tokens through fragmentation, distributing profits to token holders after the artwork is resold, it could be a direction worth considering.