Russian State Hermitage raises $440K via Binance NFT auction
Da Vinci’s artwork has received the highest bid at 150,500 BUSD in the Hermitage’s first NFT auction on Binance. Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs.The Russian State Hermitage Museum, the largest museum in the world, has finished its first auction on the NFT platform by Binance — the world's largest crypto exchange — selling five tokenized collectibles depicting masterpieces from....
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The Binance NFT Marketplace announced today that the non-fungible token (NFT) platform will launch a premium NFT collection backed by the State Hermitage Museum in Saint Petersburg, Russia. The NFT auction will begin on August 31 and run until September 7, 2021. The NFT auction will feature NFT artwork by the world-renowned artists’ Vincent Van Gogh, Claude Monet, and Leonardo da Vinci.
State Hermitage Museum and Binance Collaborate to Sell World-Renowned Art in NFT Form
It seems that 2021 is the year of non-fungible token (NFT) collections, as NFT collectibles and....
The Hermitage Museum in Saint Petersburg is considering issuing NFTs for works of art from its rich collection and is holding talks with Binance on the matter. The museum’s management expects the tokens to bring extra funding, provided Russian authorities exempt NFTs from current digital assets regulations. Hermitage Museum in Talks With Binance for Artwork NFTs The world-renowned State Hermitage Museum in Russia is negotiating with leading cryptocurrency exchange, Binance, on the issuance and sale of non-fungible tokens (NFTs) of artwork. On June 24, Binance launched its NFT....
Van Gogh, Leonardo Da Vinci, Claude Monet, and Giorgine’s world-renowned artworks will be tokenized for an auction facilitated by the Binance NFT platform. Binance Marketplace to Auction Famous Paintings of Renowned Artists Binance’s NFT marketplace has announced a collaboration with the Hermitage Museum in Saint Petersburg to create tokenized collectibles depicting the works of renowned […]
After raising $440,000 selling NFTs on Binance, the Hermitage is now curious if NFTs are about the art, or rather just the money. The Russian State Hermitage Museum continues diving in the nonfungible tokens (NFTs) industry by debuting its first fully-virtual exhibition of digital art.Shortly after raising over $400,000 via its first NFT auction on Binance in September, the Hermitage is now hosting a free exhibition of NFT artworks existing exclusively in the virtual space, the so-called “celestial hermitage,” or the museum’s digital avatar.Launched on Nov. 10, the Hermitage’s exhibition....
Masterpieces from Leonardo da Vinci, Vincent van Gogh, Claude Monet, and Giorgione will be tokenized for auction via Binance’s NFT marketplace next month. Binance’s NFT marketplace has announced it is teaming up with the Saint Petersburg-based State Hermitage Museum to issue tokenized collectibles depicting the works of renowned artists including Leonardo da Vinci and Vincent van Gogh.On July 27, Binance revealed it is partnering with the museum to create and issue the nonfungible tokens at the end of August. All Binance users will be able to participate in the auction.The blog post....