The museum will begin selling digital works from a select collection, with the auction running until September 7th.
The State Hermitage Museum, one of the world’s largest art museums, has started selling its own NFT Tokens on the Binance exchange. The auction will begin On August 31 and On September 7. The Hermitage will sell digital works from a small digital collection based on pictures of objects in the museum’s collection.
NFT tokens are unique and not divisible. Such tokens are used to confirm ownership of an object; they cannot be replaced without the consent of the owner.
The series will contain digital copies of works of art such as Leonardo da Vinci’s “Madonna Litta,” Giorgione’s “Judith,” Vincent Van Gogh’s “Lilac Bush,” Wassily Kandinsky’s “Composition VI,” and Claude Monet’s “Corner of the Garden at Montgeron.”
All tokenized works will be made in two copies, one of which will be stored at the Hermitage and the other sold at auction.
Each token costs $10,000 in BUSD stablecoin upon launch. The State Hermitage Museum will receive 100% of the earnings from the auction. The auction winners will also receive a video in NFT format from the moment the museum’s general director, Mikhail Piotrovsky, signs the token they purchased. All Binance users are eligible to participate in the auction.
