By Palak Malhotra
The Binance NFT platform has partnered with The Hermitage, one of the largest museums in the world, to symbolize the works of art preserved in the museum. Binance announced yesterday that NFTs will be auctioned on its native market at the end of August 2021. NFT’s collaborative project is called “Your Token is Kept at the Hermitage”, where the Hermitage will auction a limited edition NFT collection with digital copies. of masterpieces.
Democratic and Accessible
The NFT collection consists of works such as Madonna Litta (Leonardo da Vinci), Judith (Giorgione), Lilac Bush (Vincent van Gogh), Composition VI (Wassily Kandinsky), The Garden Corner at Montgeron (Claude Monet). By symbolizing some of the most profound works of art in the world, the Hermitage aims to provide exposure and accessibility, while highlighting the museum’s democratic and external approach. The Hermitage emphasized the importance of digitization today.
Additionally, the museum announced that each artwork will have two NFT copies. First, it will be stored at the Hermitage, while the second will be auctioned. All proceeds from the sale will be transferred to the State Hermitage Museum.
Maintaining the Singularity
Para preservar la singularidad de estas obras de arte, todas las copias digitales serán firmadas personalmente por Mikhail Piotrovsky. Además, el director del Hermitage ha creado una obra independiente aplicando su firma, fecha y hora exacta de firma, para subastar versiones únicas de las obras maestras. El lugar de la firma, el edificio del Hermitage en sí, también se guarda en los metadatos.
“Las nuevas tecnologías, en particular blockchain, han abierto un nuevo capítulo en el desarrollo del mercado del arte, liderado por la propiedad y la garantía de esta propiedad … Esta es una etapa importante en el desarrollo de la relación entre persona y dinero, persona y cosa. ”, – dijo el Director General del Hermitage Mikhail Borisovich Piotrovsky.
The NFT market is booming having amassed $ 2.5 billion in sales in the first two quarters of 2021. Major crypto exchanges including Binance, Huobi and several others have launched their respective NFT market in the wake of its increasing popularity. .