The Largest Art Museum in the World Partners With Binance to Auction Leonardo Da Vinci, Claude Monet NFTs

The Largest Art Museum in the World Partners With Binance to Auction Leonardo Da Vinci, Claude Monet NFTs

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05/10/2021 by Koinal
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The non-fungible token (NFT) platform Binance announced that it launched a premium NFT collection that the State Hermitage Museum in Russia supports.
The Largest Art Museum in the World Partners With Binance to Auction Leonardo Da Vinci, Claude Monet NFTs

The public NFT sale is held between August 31 and September 7, 2021. In the public NFT sale, NFT paintings are presented by famous worldwide artists such as Claude Monet, Vincent Van Gogh and Leonardo da Vinci.

Collaboration between Binance and State Hermitage Museum to Sell Worldwide Famous Art in NFT!

It is not bold to say that 2021 is the year of NFTs as we witness many collectibles and artworks are sold in non-fungible token forms for tens of millions of dollars. So far, the most expensive NFT ever sold is “Everyday: The First 5000 Days” by Beeple; it was sold for $69.3 million. Cryptopunk #7523 is another costly NFT sale as it was bought for $11.8 million in ethereum currency. In addition, Bitcoin.com News has been covering an immeasurable amount of NFT actions for tens of millions, such as the Weird Whales and Bored Ape Yacht Club (BAYC) NFT assortments.

The NFT platform Binance announced at the end of last month that the “Binance NFT Marketplace” (the company’s NFT market) intends to manage NFT collectibles from a couple of the worldwide known artists. Binance NFT Marketplace has been in collaboration with the famous Saint Petersburg-based State Hermitage Museum. The massive artwork collection in the museum was started by the Russian Empress Catherine the Great in 1764. The State Hermitage Museum is known as the most significant artwork museum globally, and it hosts some of the globally famous masterpieces.

The Russia-based museum announced the NFT collection and their collaboration with Binance NFT Marketplace on July 26.

The State Hermitage Museum mentioned it as such:

“The NFT collection consists of works such as the 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).”

The curators of the artwork museum further added:

“Each digital copy is personally signed by Mikhail Piotrovsky, General Director of the State Hermitage. In doing so, he confirmed the authenticity of a restricted collection of works. He created an unbiased mural by using his signature, the date and the actual time of signing, thereby giving it absolute uniqueness, perpetuated in the blockchain. Furthermore, the place of signing – the Hermitage museum itself – can also be saved in the metadata.”

The joint director of the State Hermitage Museum, Mikhail Borisovich Piotrovsky, stated:

“New technologies, in particular the blockchain, have opened up 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.”

What are your opinions about collaborating between the Binance NFT Marketplace and the State Hermitage Museum to offer NFTs by famous worldwide artists? Let us know!

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