Binance partnered with the Russian Museum to Tokenize Da Vinci and Van Gogh Masterpieces

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Binance partnered with the Russian Museum to Tokenize Da Vinci and Van Gogh Masterpieces

The Binance NFT marketplace and the State Hermitage Museum in Saint Petersburg teamed up to manufacture and release a limited edition of non-fungible tokens containing digital copies of world-famous paintings. Works by Vincent van Gogh, Leonardo da Vinci, and others will be included in the collection.

NFT Copies of Famous Paintings

Binance, a cryptocurrency exchange, has announced a collaboration with the State Hermitage Museum, one of Russia’s largest museums, to issue NFTs of well-known works of art such as Vincent van Gogh’s Lilac Bush, Leonardo da Vinci’s Madonna Litta, Claude Monet’s Corner of the Garden at Montgeron, and Composition VI (Wassily Kandinsky).

The Binance auction will begin at the end of August 2021. The initial NFT copy of each artwork will be stored in the Saint-Petersburg Museum, while the second will be auctioned on the Binance NFT marketplace. The Hermitage will get all of the project’s earnings as part of the agreement.

The museum’s director, Mikhail Piotrovsky, will personally sign each copy, giving the limited edition piece credibility and individuality. The project’s goal is to highlight the State Hermitage’s democratic nature and demonstrate that digitalization will unavoidably be the next step in the field of art collecting.

“New technologies, particularly blockchain, have ushered in a new era in the evolution of the art market, driven by ownership and the assurance of that possession… This is a critical juncture in the evolution of the relationship between person and money, as well as person and thing,” Piotrovsky remarked.

Also Read: Following a supermajority decision, Bitcoin is now officially legal tender in El Salvador.

Helen Hai, the CEO of Binance NFT, had this to say about the collaboration:

“Another step toward global digitalization is the recognition of blockchain technology and NFTs by one of the world’s greatest museums. We are grateful for the chance to work with The State Hermitage; together, we are building history.”

The auction will be open to any platform user, according to the notice. Binance’s NFT marketplace will use the same account network as Binance.com, thus prospective consumers will first need to sign up for an account with the exchange.

The NFT Trend Continues: Golden Tickets for a Celebrity Poker Tournament

Virtue Poker, the world’s first fully regulated blockchain-based peer-to-peer poker network, teamed up with Binance NFT marketplace to create a one-of-a-kind non-fungible token, as CryptoPotato revealed last week.

The partnership, termed “The Phil Ivey Golden Ticket NFT,” will include the first and only Phil Ivey Binance Smart Chain based NFT, as well as an invitation to a Celebrity Poker Tournament featuring NBA Hall of Famer Paul Pierce, Ethereum Co-Founder Joe Lubin, Hollywood actor Vince Vaughn, and YouTube star Mr. Beast.

As previously stated, anyone interested in winning a seat at the poker table can bid in the auction tonight, July 27th, at 12 p.m. UTC.

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