Russia’s Famous Hermitage Museum Aims to Raise Funds With NFTs
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....
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The NFT exhibition will be part of the “Hermitage 20/21” project. Russia’s State Hermitage Museum, the second-largest art museum in the world, is preparing to host a digital art exhibition involving non-fungible tokens.Scheduled to take place in 2021, the Hermitage’s NFT project will be Russia’s first exhibition in the field of NFT art, the museum officially announced Thursday.The Hermitage’s contemporary art department is organizing the exhibition, which will be part of its “Hermitage 20/21” project. The announcement read:“Non-fungible tokens have become a new form of securing rights to....
The head of the contemporary art department at the State Hermitage reveals his vision of the future of NFT art. Eventually, all museums will build their digital copy in the metaverse, according to Dmitry Ozerkov, the head of the contemporary art department at the State Hermitage Museum. Ozerkov is currently developing the “Celestial Hermitage”, a digital version of the iconic Russian museum, which will be exhibiting nonfungible (NFT) art. "We are all moving into the digital era and our digital twin will be following us everywhere", Ozerkov told Cointelegraph in an exclusive interview. The....
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....
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....
The art museum in the Eastern Ukrainian city of Kharkiv has partnered with cryptocurrency exchange Binance to offer non-fungible tokens (NFTs) of some of its most valuable artworks. Proceeds from the auction will be used to restore the museum’s activities and support its staff.
Ukrainian Museum to Sell 15 Works of Art as Digital Collectibles on Binance NFT
The NFT marketplace of the world’s largest crypto exchange by trading volume, Binance NFT, has announced the launch of tokens representing over a dozen of Kharkiv Art Museum’s works. The cultural....