8/26/2023 0 Comments Binance nft art![]() (The Hermitage’s NFT auction involved two digital copies of each painting only one was offered for sale while the other remains with the museum.) Jason Bailey, an early NFT collector and digital art advocate, recently wrote on his Artnome blog about the risk of “digital deaccession” if a museum mints and sells a replica of a physical collection object as a single-edition NFT-assigning exclusive ownership of the unique digital asset to the buyer. Meanwhile, the Hermitage’s lawyers are carefully studying the legal implications of NFTs when it comes to its permanent collection, Ozerkov says. The museum hopes to “define the place of NFTs within all of digital art”, according to Ozerkov, who sees the virtual exhibition as a sequel to past physical displays he has organised at the Hermitage, with works incorporating blockchain technology in 2018 and artificial intelligence in 2019. The Hermitage is in talks to show The Old Testament (2019) by Tommy Hartung in its virtual NFT exhibition Courtesy of the State Hermitage Museum Although there will be ways to access the show from the museum, for example by scanning QR codes, the Hermitage “will not materialise immaterial artworks”. It will also be “held in the virtual world”, Ozerkov says. The exhibition is due to launch on 10 November with around 50 digital works by Russian and international artists, some borrowed from private collectors and others coming directly from the artists. Drawing parallels with the advent of photography, cinema and television, which each prompted people to question “whether it is art or not”, he says: “We have no doubt art, but we want to discuss the specific possibilities of this medium.” Ozerkov describes the project, Ethereal Aether, as a “dialogue between the Hermitage as a museum and the NFT world” that will consider the booming blockchain-based movement as a new art form. We care about what it tells us, which questions arise, and how it influences society and shapes our future.” “My point is to distance the exhibition from the NFT market,” says Dimitri Ozerkov, the director of the Hermitage’s contemporary art department and the show’s curator. While the Hermitage benefits financially from the Binance sale, the virtual exhibition aims to explore the artistic, rather than commercial, possibilities of NFTs. ![]() In November, the museum will stage a fully virtual research exhibition of “born-digital” NFT art. It recently reaped $440,500 from an auction of tokenised digital copies of five historic masterpieces from its collection, from Leonardo da Vinci to Van Gogh, hosted on the Binance NFT Marketplace. Russia’s State Hermitage Museum, founded by Empress Catherine the Great in 1764, has hurtled into the 21st century with two projects built around NFTs.
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