Will museums of the future just be giant NFT galleries?
NFTs have transformed the art world to make masterpieces more accessible to admirers. However, with the tokenization of entire collections comes questions about the future of ownership in museums. Museums, individuals and metaverse initiatives have used nonfungible tokens (NFTs) as a new means for reinventing themselves before their fans. The family of Frida Kahlo unveiled never-before-seen art and personal artifacts of the artist at an exclusive event in Decentraland for its art week in August.In Belgium, the Royal Museum of Fine Arts Antwerp became the first European museum to tokenize a....
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Apple published rules for NFT for the first time which included a 30% NFT “tax” and geo-limit exchanges. In this week’s newsletter, read about how Apple released its first-ever set of rules for nonfungible tokens (NFTs), including a 30% “tax” and limits on how NFTs can be bought and exchanged. Check out how NFTs have the potential to change museum experiences in the future and how OpenSea revised its NFT rarity ranking protocol after feedback from the community. In other news, find out how NFTs are used to democratize scheduled TV programming in the era of Web3. Last but not least, NFT....
With NFTs, the future of art is in the palm of your hand. Here is a look at the topmost famous artists getting into NFTs right now. For millennia, the world of art has remained unchanged for the most part. The tradition has always revolved around artists selling their work to museums, galleries, or individual collectors. In return, the artist would get a market value for their work which was often kept in private vaults and only displayed to the public ever so often.With the advent of NFTs, many artists are now able to take their work and offer it up for sale as a digital collectible.....
It’s no secret that art museums have seen better days. As far back as 2001, attendance at U.S. museums was already in stagnation, and the trend has only continued to deteriorate in the years since. In 2016, total visitors to art museums across Britain’s leading museums and galleries fell to just under 50 million—a 20 percent drop from the peak of 63 million in 1992. In the wake of covid-19 restrictions, the world’s busiest art museums saw the most significant drop set at 77%, from 203 million worldwide in 2019 to a paltry 54 million in 2020. And it’s not just....
Nine in-person NFT galleries and exhibitions have already opened or are set to open this year, and one could be near you. As restrictions seem to be easing for many, people who are looking to leave their houses and discover their region or country can ride the nonfungible token (NFT) wave with physical exhibitions and galleries that will be opening over the second half of 2021 — with some having opened their doors already.Will there be one opening soon in your area? Is there already one open? Are you looking to travel domestically or internationally and want to experience a medium of art....
Located in Union Square, the location will display NFTs on auction on high-res screens. Mainstream adoption of nonfungible tokens doesn’t seem to be slowing down anytime soon as the first-ever art gallery dedicated solely to NFT-backed art has opened in New York City. Superchief, an artist collective that operates galleries in New York and Los Angeles, announced the launch of the new gallery in the Union Square neighborhood. The gallery will display NFTs via a collaboration with Blackdove, a manufacturer of high-resolution digital art display screens. The first exhibition, titled “Season....