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Russia’s Hermitage museum to host NFT artwork exhibition

Russia’s State Hermitage Museum, the second-largest artwork museum on this planet, is getting ready to host a digital artwork exhibition involving non-fungible tokens.

Scheduled to happen in 2021, the Hermitage’s NFT venture might be Russia’s first exhibition within the discipline of NFT artwork, the museum formally introduced Thursday.

The Hermitage’s up to date artwork division is organizing the exhibition, which might be a part of its “Hermitage 20/21” venture. The announcement learn:

“Non-fungible tokens have turn into a brand new type of securing rights to an art work utilizing blockchain know-how, which lets you set up unambiguous management over copyright and possession rights.”

The Aksenov Household Basis — an area cultural and social innovation fund — might be a strategic accomplice of the Hermitage’s NFT venture, which goals to check new types of viewers involvement in cultural practices.

Situated in Saint Petersburg, the Hermitage is a federal museum comprising three million objects. The Hermitage didn’t specify whether or not the museum is planning to conduct an NFT public sale sale as a part of its upcoming exhibition. The museum didn’t instantly reply to Cointelegraph’s request for remark.

As Cointelegraph beforehand reported, some artists whose work has been exhibited on the Hermitage — like Irish conceptual artist Kevin Abosch — have been closely concerned within the crypto business, experimenting with NFT know-how for digital artwork installations.