Why the world’s largest museum is embracing NFT technology

Ozerkov is at present growing the “Celestial Hermitage”, a digital model of the long-lasting Russian museum, which might be exhibiting nonfungible (NFT) artwork.

“We’re all transferring into the digital period and our digital twin might be following us all over the place”, Ozerkov instructed Cointelegraph in an unique interview.

The State Hermitage in Saint Peterburg, Russia, is the biggest museum on the planet by gallery area with round 3 million artworks.

In September 2021, the museum took its first steps within the NFT world by promoting 5 digital reproductions of its most well-known masterpieces within the type of NFTs elevating nearly $450,000.

In November, the Hermitage launched its first solely digital exhibition, titled ‘The Ethereal Aether,” the place 38 NFTs are showcased inside a digital reconstruction of the museum.

In contrast to the bodily Hermitage, the place guests can solely have a look at the works on show, the digital exhibition permits guests to work together with the NFTs on show.

“You possibly can move via these doorways with out touching something, whereas within the digital world, you are able to do something: you may play with artworks, you can also make them interactive, you may add knowledge to it”, defined Ozerkov.

The exhibition may be visited on-line free of charge till December tenth.

As identified by Ozerkov, the curiosity of the Hermitage in NFTs transcend market dynamics and seeks to research the inventive worth that NFT can deliver into the up to date artwork world.

“My concept was to take a number of current works out of the market and to place them into the museum and to take a look: what stays in them as artwork? Is there any artwork there or we like, what we worth in them is barely cash?”.

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