A Ukrainian Museum Converts Cultural Arts into NFTs

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Last Updated on October 14, 2022 by Bitfinsider

A few hours before the NFT collection premiere, the English artist Damien Heist revealed to the world that artworks might persist in digital form without necessarily keeping the physical artworks. In a theft, about $10 million worth of actual artwork was destroyed.

The Kharkiv Art Museum on October 13 issued a press release confirming the introduction of the “Art without Barriers” NFT collection, which will be exclusively accessible on the Binance NFT marketplace. 

The new NFT collection includes works by accomplished painters such as Albrecht Dürer, Georg Jacob Johann van Os, Ivan Aivazovsky, and Simon de Vlieger. The initial shipment will consist of fifteen items.

The auction earnings will be utilized to preserve the museum’s artwork and create new jobs. The auction will begin on October 13 and continue for one week. NFTs will be divided into three categories:

Gold – beginning at $1,000 BUSD for five artworks
Silver – Commencing at $750 BUSD for five artworks.
Bronze – consists of five works of art and begins at $500 BUSD.

When discussing the NFT project, Kharkiv Art Museum CEO Oleksandr Honcharov claimed that they were entering the digital age and dissolving borders. Using Web3 technology, the collection of the Kharkiv Art Museum is viewable anywhere in the digital globe. During these difficult times, the museum’s cared-for masterpieces will contribute to its growth.

Binance Puts NFTs Into Overdrive

More than 300,000 mystery boxes were sold on Binance NFT in its first month, helping to bring in over 25 million BUSD in income and attracting over 400 producers from all over the world. Since its inception, Binance NFT has raked in over 40 million BUSD through the sale of over a million mystery boxes.

Account systems on Binance and the NFT exchange which it is based are very similar. Trading in the NFT market is available to all Binance users, and can be done with the same Binance accounts.

A Brief Overview of the Kharkiv Art Museum

Among Ukraine‘s oldest and most prestigious art museums is the Kharkiv Art Museum, which dates back to the late 1800s. This museum features the works of such renowned artists as Durer, Hans Goltzius, Leonardo da Vinci, Pieter Bruegel the Elder, Anthony van Dyck, and Francois Boucher.

Over twenty-five thousand works of art from Western Europe, the Middle East, and Far East, as well as Ukraine, may be found at the museum today. In light of Russia’s invasion, which has recently focused on cultural resources, the new NFT project will safeguard Ukraine’s cultural heritage.

Organizers say they will use the money from the auction and collection to help the Kharkiv Museum keep running and hire new people.

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