Binance’s NFT Market announced that it will collaborate with the State Hermitage Museum in St. Petersburg to issue tokenized collections that depict Leonardo da Vinci and Vincent Van Gogh.
The blog post owes the idea of art tokenization to The Hermitage, and the auction will launch a limited edition copy of Da Vinci’s NFT Madonna Rita, Van Gogh’s Lilac bush, Claude Monet A corner of Montgeron garden, And Giorgione Judith.
Each masterpiece will create two copies of the NFT, one of which will be auctioned through the Binance NFT market, and the second token will be stored in the museum. Each copy of the NFT will be signed and dated by Mikhail Piotrovsky, the director of Hermitage.
The blog post described the project as providing “a new level of access to the Hermitage collection” and emphasized the “democratic nature of the museum.” These tokens also help to emphasize the “importance of digitization as a new stage in the world of collecting art”.
Piotrovsky pointed out that Hermitage intends to further use NFT and other digital technologies to move forward, noting:
“New technologies, especially blockchain, have opened a new chapter in the development of the art market, dominated by ownership and the guarantee of ownership.”
“The recognition of blockchain technology and NFT by one of the largest museums in the world is another step towards global digitization,” said Helen Hai, head of Binance NFT. “We are very grateful for the opportunity to work with The State Hermitage; we make history together.”
All proceeds from this auction will be donated to the National Hermitage Museum. The tokenized copy will also be exhibited at Hermitage’s upcoming NFT art exhibition, which is currently scheduled to be held at the museum this fall.