The world’s first NFT museum in Seattle aims to ‘pull back the curtain’ on blockchain art

The world’s first permanent NFT art museum has opened its doors in Seattle, aiming to “pull back the curtain” on blockchain-based digital art.

The token is not replaceable (NFTs) are a type of digital asset that has exploded in popularity recently, with NFT artworks selling for millions of dollars. NFT exists on a blockchain, a record of transactions kept on networked computers.

The museum opened its doors on January 14 and has provided an outlet for artists, creators and collectors to exhibit their NFTs in a real-world setting, while also aiming to educate the public. about this relatively new digital art market.

“We really recognized the impact of being able to see this art form in such a way that you actually slow down, you see it,” said Jennifer Wong, co-founder and curator at the Seattle NFT Museum. all the details”.

Local digital artist Maksim Surgical attended the opening of the museum’s ‘Climate Conversations’ exhibition on April 16, which featured his designs sold as NFTs online , but can also be printed in physical form.

“Previously, if you created a piece of digital art or physical artwork, there would be a lot of restrictions on who could see the artwork or how they could own it,” said surgeon who works in Seattle’s tech industry and ventures into crypto-based art. year and a half ago.

According to a March report from Ireland-based Markets and Research firm, the global NFT market is expected to grow to over $21 billion (approximately Rs 1,606.98) by 2022.

Peter Hamilton, co-founder of the museum, said: “An NFT is really just a contract representing ownership of some property. “These tokens… are basically a contract saying this serial number belongs to this piece of art and if you own this token, you are the rightful owner.”

The museum has scheduled programs throughout the year.

“I cannot stress enough how important the educational part of this museum is,” says Hamilton. “We’re trying to reach people and help them see what the value of NFT is and help people pull back the curtain a little bit on what blockchain is and what its utility is.”

© Thomson Reuters 2022

Cryptocurrency is an unregulated digital currency that is not a legal tender and is subject to market risk. The information provided in the article is not intended and does not constitute financial advice, trading advice or any other advice or recommendation of any kind provided or endorsed by NDTV. NDTV will not be liable for any loss arising from any investment based on any recommendations, forecasts or any other information contained in the article.

Source link


News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button