Russia’s State Hermitage Museum to Host NFT Art Exhibition

Source | Decrypt

The State Hermitage Museum in St Petersburg—the second-largest art museum in the world—has jumped on the NFT bandwagon

Describing non-fungible tokens (NFTs) as the “most urgent agenda in the field of contemporary art today,” the museum’s announcement revealed that the exhibition will form part of its ongoing emphasis on new forms of art, which began in 2018 with exhibitions detailing innovation as an artistic technique. In 2019, the museum explored the area of artificial intelligence and cross-cultural dialogue.

The project’s strategic partner, per the announcement, will be the Askenov Family Foundation, a foundation that focuses on cultural and social innovation. “We are engaged in permanent research of the scope and boundaries of the culture sector and in the elaboration of systems to evaluate the special social contribution of contemporary art and culture,” the foundation’s website reads.

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