Binance NFT marketplace and The State Hermitage Museum in Russia will make a joint effort to bring the works of world famous historical art pieces to the NFT metaverse. Auctions will take place at the end of August this year.
Museum Director believes in the future of NFTs
The Hermitage Museum of Art is the second largest art museum in the world – second only the Lourve in Paris. They feature works from many different time periods and eras including French Impressipionsim, the Italian Rennaissance, prehistoric art, and much more. Binance and The Hermitage Museum have partnered up to release historical works of art including Madonna Litta by Leonardo Da Vinci, Lilac Bush by Vincent Van Gogh, and Corner of the Garden at Montgeron by Claude Monet. The museum has expressed interest in tokenizing additional works of art and holding more auctions in the future. So, this is likely only the beginning of a historical moment in the world of fine art. All pieces at the auction will have two NFT editions – one for the Hermitage Museum and the other will be sold at an auction on Binance’s NFT marketplace.
The Director of the Hermitage Museum, Mikhail Piotrovsky, will personally sign each edition of art. The Director of registered the date and precise time of the signing. The location of the signature, the Hermitage Museum building, is also saved into the token. The Director and other museum officials hope this will provide a brand new availability to the museum’s broad and vast anthology of historical masterpieces. They believe that digitizing their collection will help to bring greater awareness and appreciation to the world of art.
This event is a genuinely unique demonstration in the history of art. It combines the state of the art technologies of non-fungible tokens with the genius of some of the greatest artists who ever lived. With the works of art being digitized on the NFT meta verse, the winners of the auctions will be the one and only owners of the first pieces of fine art ever released on the blockchain. An excerpt from the release on Binance.com said:
“The feeling that your personal token is directly related to the Hermitage, and the original of the work is kept in the greatest museum in the world – this is precisely what is emphasized in the title of the project “Your token is kept in the Hermitage.”
Considering that crypto currencies are not favored by government officials in Russia, this is fairly extraordinary. It goes to show how blockchain, NFTs, and crypto in general have infinite amount of potential to serve the world in many positive ways. And it’s a relief that although the Russian government does not favor blockchain and crypto, there are many people in Russia who do.
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Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.