Source | Museum Next
NFTs have been making big news this week with the sale of a digital only artwork by the artist Beeple for $69m
NFTs or Non-Fungible Tokens
designate ownership of a digital good, a certificate of sorts that is minted on a blockchain
Artists are now selling NFTs as a way of showing that one person “owns” a digital artwork, and the high prices that some are making has created a boom market.
While fortunes are being made in NFT auctions many art museums stand closed because of the Covid pandemic.
The past year has seen a rapid acceleration in the way in which our cultural institutions use technology, but they have struggled to increase revenues online.
So I was interested to see the Birmingham Museums Trust collection available on a NFT auction website, alongside those of Rijksmuseum, Cleveland Museum of Art and Art Institute of Chicago.
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