Thursday, April 25, 2024
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Russian State Hermitage raises $440K via Binance NFT auction

Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs.The Russian State Hermitage Museum, the largest museum in the world, has finished its first auction

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Russia’s Hermitage Museum to Host Digital Art Exhibition Involving NFTs

Russia’s Hermitage Museum has confirmed that its 2021 digital art exhibition will involve non-fungible tokens (NFTs). It further acknowledged that NFTs will become a new form of securing rights to artwork using blockchain technology.The NFT frenzy continues with the world’s second-largest museum getting in on the action. In a recent

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