Russia’s Hermitage to sell digital art as NFT tokens

Russia’s Hermitage to sell digital art as NFT tokens

Russia’s Hermitage Museum, the largest art collection in the world, announced Tuesday it will sell several masterpieces, including a work of Leonardo da Vinci, in the form of non-fungible tokens (NFT). The Saint Petersburg-based museum in partnership with the Binance NFT marketplace will run the auction starting Tuesday and until September 7, the Hermitage said in a statement. An NFT is a digital object with a certificate of authenticity created by blockchain technology that underlies cryptocurrency. It cannot be forged or otherwise manipulated. In recent years, NFTs have been sought after by art collectors, with some selling for millions of dollars. The Hermitage will bring out a limited series of NFTs, including a digital copy of Leonardo da Vinci’s “Madonna Litta”, as well as works by Vincent Van Gogh, Claude Monet and Wassily Kandinsky. The starting price for each lot has been set at 10,000 BUSD, a
Russia’s Hermitage Museum, the largest art collection in the world, announced Tuesday it will sell several masterpieces, including a work of Leonardo da Vinci, in the form of non-fungible tokens (NFT). The Saint Petersburg-based museum in partnership with the Binance NFT marketplace will run the auction starting Tuesday and until September 7, the Hermitage said in a statement. An NFT is a digital object with a certificate of authenticity created by blockchain technology that underlies cryptocurrency. It cannot be forged or otherwise manipulated. In recent years, NFTs have been sought after by art collectors, with some selling for millions of dollars. The Hermitage will bring out a limited series of NFTs, including a digital copy of Leonardo da Vinci’s “Madonna Litta”, as well as works by Vincent Van Gogh, Claude Monet and Wassily Kandinsky. The starting price for each lot has been set at 10,000 BUSD, a