The State Hermitage Museum is preparing an exhibition of artworks created in NFT format. The museum’s press service reports.
The exhibition will run under the Hermitage 20/21 project until the end of 2021. It is being developed by the museum’s Department of Contemporary Art.
“The project will be the first in Russia to explore NFT-token art and its use in the artistic sphere,” the Hermitage said.
The project’s strategic partner will be the Aksenov Family Foundation.
Descendants of renowned artists have also taken an interest in NFTs. The grandson of the Russian avant-garde master Vladimir Baranov-Rossine put ten of his paintings up for digital auction on Mintable along with their corresponding NFTs, Decrypt reports.
The most notable is the 1925 work Abstract Composition. Its price is currently $13,450.
1/3 — As part of the historic https://t.co/fVNFVRBqb2 #NFT sale happening right now on @mcuban-backed @mintable_app, we will be inviting the winner of the main auction to meet the family of the artist to discuss the collection and discover the archive. pic.twitter.com/iXYkR2pQUl
— Wladimir Baranoff-Rossine (@wladimirbr) March 25, 2021
Mintable backs billionaire Mark Cuban.
The marketplace will send the auction winner the insured Baranov-Rossine painting and the NFT proving ownership of the artwork. The buyer will also have the opportunity to meet the artist’s family, who were contemporaries of Wassily Kandinsky and Marc Chagall.
Read more about NFTs in ForkLog’s card:
In March, digital artist Mike Winkelmann, known by the pseudonym Beeple, sold the work Everydays: The First 5000 Days for $69.3 million. The painting is a collage of thousands of works by the artist published on the Internet since 2007.
Later, another Winkelmann work, Ocean Front, in NFT form was purchased for $6 million.
Follow ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analysis.