The Binance NFT Marketplace announced today that the Non-fungible Token (NFT) platform will launch a world-class NFT collection backed by the State Hermitage Museum in Saint Petersburg, Russia. The NFT auction starts on August 31st and runs until September 7th, 2021. The NFT auction will feature NFT artworks by world-famous artists Vincent Van Gogh, Claude Monet and Leonardo da Vinci.
State Hermitage Museum and Binance Partner to Sell World Renowned Art in NFT Form
It appears that 2021 will be the year of non-fungible token (NFT) collections, as NFT collectibles and artwork have sold for millions of dollars. So far, Beeple’s “Everydays: The First 5000 Days” NFT is the most expensive NFT ever sold as it was bought for $ 69.3 million. Another high profile NFT sale is Cryptopunk # 7523, which was acquired in Ethereum (ETH) for $ 11.8 million. Bitcoin.com News has reported on a wide variety of NFT projects that are grossing in the millions, such as the Bored Ape Yacht Club (BAYC) and the Weird Whales NFT collection.
On August 30, the Binance cryptocurrency exchange announced that the company’s NFT market, known as the “Binance NFT Marketplace,” plans to showcase non-fungible token collectibles from some of the world’s most famous artists. Binance NFT Marketplace has teamed up with the well-known State Hermitage Museum. The Saint Petersburg-based museum is the largest art museum in the world and features some of the best masterpieces in the world. The Russian Empress Catherine the Great founded the impressive art collection as early as 1764.
“Corner of the Garden of Montgeron” by Claude Monet.
The State Hermitage Museum unveiled the NFT collection and collaboration with Binance NFT Marketplace on July 26, 2021. “The NFT collection consists of works such as Madonna Litta (Leonardo da Vinci), Judith (Giorgione), Lilac Bush (Vincent van Gogh), Composition VI (Wassily Kandinsky) and Corner of the Garden at Montgeron (Claude Monet),” said the State Hermitage in July. In addition, the curators of the art museum added:
Each digital copy is personally signed by Mikhail Piotrovsky, Director General of the State Hermitage Museum. He not only confirmed the authenticity of a limited series of works, but also created an independent work of art with his signature, the date and the exact time of signing, giving it absolute uniqueness, immortalized in the blockchain. The place of signature – the Hermitage itself – is also stored in the metadata.
“New technologies, especially blockchain, have opened a new chapter in the development of the art market, led by ownership and the guarantee of that ownership. This is an important stage in the development of the relationship between a person and money, a person and a thing, ”said the Hermitage General Director Mikhail Borisovich Piotrovsky at the time.
“Composition VI” by Wassily Kandinsky.
Binance says at the beginning of the auction: “There are a total of 5 NFTs up for auction [and] each with a starting bid of 10,000 BUSD. ”The Binance NFT Marketplace was launched last June and the platform uses the Binance Smart Chain (BSC).
Binance’s NFT platform has a lot of competition from platforms like Opensea, Crypto.com, and Rarible. Additionally, popular crypto exchange FTX is also developing an NFT marketplace as it announced a partnership with entertainment giant Dolphin to launch the market.
What do you think of the Binance NFT Marketplace platform and the world’s largest art museum joining together to bring NFTs by Leonardo da Vinci and others to the market? Let us know what you think on this matter in the comments below.
Tags in this story
5 NFTs, Beeple, Binance, Binance NFT Marketplace, Claude Monet, Cryptopunk # 7523, Giorgione, Hermitage Museum, Leonardo da Vinci, Leonardo da Vinci art, Lilac Bush, Mikhail Borisovich Piotrovsky, NFT Artwork, NFT Auction, NFTs, Non-fungible Token, State Hermitage, Vincent van Gogh
Photo credit: Shutterstock, Pixabay, Wiki Commons, Claude Monet, Wassily Kandinsky, and Vincent van Gogh
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.