Thu 03 February 2022:
In the United States, a museum dedicated to NFTs — the blockchain-based creations that have taken the art world by storm — has opened its doors.
The Seattle NFT Museum is designed to help visitors understand the new world of Non-Fungible Tokens by displaying unique artworks alongside explanations of the technology behind them.
“The point of a physical space is to make it easier for anyone to access,” museum co-founder Peter Hamilton told AFP.
“You can walk in here, and depending on how much you know or don’t know about digital art, about NFTs, it doesn’t really matter, because you can see the art in a large format display, in a way that would remind you, or be familiar, of a museum exhibition.”
NFTs are one-of-a-kind digital entities with ownership rights.
While their content is easily copied, the NFT is “the original,” similar to how there are numerous prints of Leonardo da Vinci’s “Mona Lisa,” but only the Louvre museum holds the original.
In recent months, investors and affluent collectors have flocked to the latest digital fad, which is based on the same blockchain technology that underpins cryptocurrency.
NFTs have fetched record prices at recent auctions, including $69.3 million for a digital sculpture by artist Beeple at Christie’s.
They, like all new technology, have their detractors; some see them as a passing fad, or worse, as the Emperor’s New Clothes.
Visitors to the museum, on the other hand, reported feeling something real.
“It’s hard to say where this technology is going to lead us, this is really just the beginning,” Hamilton said.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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