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June 2024 rare-string instrument intelligence

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14 headlines

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Category: Rare-string instruments

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Galaxy Digital tokenizes Yat Siu's 300-year-old $9M Stradivarious violin

inkl.com

The article discusses Galaxy Digital tokenizing a Stradivarious violin made in 1708, owned by Animoca Brands co-founder Yat Siu, valued around $9 million. The tokenization is described as using the instrument as collateral for financing via Galaxy's Global Market business, with comments from Galaxy Digital CEO Michael Novogratz about potential impacts on real-world assets in the digital economy.

Galaxy Digital tokenizes 316-year-old violin to back loan

markets.businessinsider.com

The Markets Insider article reports that Galaxy Digital tokenized an 18th-century Stradivarius violin dating to 1708, once owned by Catherine the Great, to back a multimillion-dollar loan. The tokenization creates a fungible NFT version of the instrument as collateral, with Yat Siu of Animoca Brands involved in the acquisition of the violin and Michael Novogratz as Galaxy’s CEO quoted on developing digital asset markets.

Stradivarius violin secures $9 million NFT loan from Galaxy Digital

vancelian.com

The article discusses Galaxy Digital granting a multimillion-dollar loan to Yat Siu, co-founder of Animoca Brands, secured by a tokenized 1708 Stradivarius violin and its NFT. The physical violin will be stored in Hong Kong, with the NFT facilitating the loan process; the piece has a historic provenance including ownership by Catherine the Great.

Vienna’s Artis Quartet to disband after 45 years

theviolinchannel.com

The Violin Channel reports that the Artis Quartet, founded in 1980 and known for its unchanged lineup for over four decades, will disband at the end of 2025. The quartet consists of violinists Peter Schuhmayer and Johannes Meissl, violist Herbert Kefer, and cellist Othmar Müller, and has performed at major venues and festivals while recording extensively.

A historic 316-year-old violin becomes an NFT

theviolinchannel.com

The 1708 Stradivarius known as the Empress Caterina, once owned by Catherine the Great, is tokenized as an NFT to back a multimillion-dollar loan from Galaxy Digital to Yat Siu, co-founder of Animoca Brands. The physical violin will be stored by a Hong Kong custodian and reclaimed after loan repayment, marking a first in blending high-value historical instruments with digital asset technology.

Osmium-ART announces sale of world’s most expensive modern violin as a phygital asset on Rarible powered by OwnerChip

greatreporter.com

Osmium-ART, with OwnerChip and Rarible, announces the sale of the world’s most expensive modern violin as a phygital asset. The OSmium Violin will be listed for 6.32 million USD with a digital twin on the blockchain and on-chain ownership, purchasable in $MATIC on the Polygon network. The violin is handcrafted by Edgar Russ and features 298 diamonds, sapphires, rubies, and osmium inlays.

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