Ukrainian art museum to preserve art and cultural heritage through NFT auction

As the Web3 abstraction expands, nonfungible token (NFT) usage cases proceed to make past the hyped days of stagnant integer creation collections. However, adjacent wrong the creation realm, NFT inferior is being reinvented, arsenic is the lawsuit with a Ukrainian creation museum.

The Kharkiv Art Museum announced connected Oct. 13 its “Art without Borders” NFT postulation is present disposable connected the Binance NFT marketplace.

It includes 15 pieces of creation from the museum’s collection, with proceeds going backmost to concern the depository and “save the taste practice of Ukraine,” arsenic stated by the authoritative announcement.

The depository is 1 of the oldest successful Ukraine, with astir 25,000 works of good creation by artists from Ukraine and astir the world. Artwork by Albrecht Dürer, Georg Jacob Johann van Os, Ivan Aivazovsky, Simon de Vlieger and others is featured successful the NFT collection.

Binance NFT caput Lisa He told Cointelegraph that successful a clip of conflict, erstwhile donors are looking for a unafraid and definite mode to springiness funds, NFTs connection reassurance

“[NFTs] connection bid of caput and information for donors due to the fact that each transactions are registered connected blockchain technology. All donations to causes via NFTs are tracked and can’t beryllium altered oregon deleted."

The Binance exec continued to accidental that the transparency of the blockchain besides allows donors to cognize erstwhile and if funds reached their desired destination.

Related: Museums successful the metaverse: How Web3 exertion tin assistance humanities sites

Museums person utilized NFTs arsenic a means to digitalize creation successful the past specified arsenic the Royal Museum of Fine Arts Antwerp which tokenized a piece successful its postulation worthy millions of euros.

Art has adjacent been NFT-ized successful metaverse museums; similar erstwhile Frida Khalo’s household brought a never-before-seen piece from their backstage postulation into Decentraland.

Meanwhile, the metropolis of Kharkiv has been taxable to aggravated warring successful the ongoing struggle betwixt Ukraine and Russia. Therefore, this collection’s inferior tin sphere civilization presently astatine hazard of being destroyed, which was the lawsuit successful the infamous looting of the National Museum of Iraq successful Baghdad successful 2003.

Lisa He says the operation of  “nascent NFT exertion and the long-standing Ukraine civilization practice successful the NFT volition enactment rebuilding civilization and past successful existent life."

Already NFTs person been utilized arsenic an enactment of assistance and absorption successful Ukraine during these turbulent times. Proceeds from an NFT auction were used to assistance reconstruct carnal monuments which person taken harm from the conflict.

The Ministry of Digital Transformation successful Ukraine adjacent launched its ain integer NFT museum successful bid to papers and sphere a timeline of large events successful the conflict.

Lisa He said Binance volition proceed to enactment NFT projects that make applicable and scalable solutions for assorted societal problems, "including the preservation of Ukraine’s taste heritage."