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Painting from Leonardo da Vinci and Vincent van Gogh to be sold as NFT

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Shivangi Mujumdar Follow


Jul, 30 2021

Jul, 30 2021

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Masterpieces from Leonardo da Vinci, Vincent van Gogh, Giorgione will be tokenized by Binance NFT by next month. The latest announcement by Binance NFT marketplace on July 27 has come up with an intension to sell the masterpiece.

Binance partnered with the State Hermitage Museum for the issuing of non-Fungible tokens. The tokenize artwork from Hermitage Museaum will be launched at the time of auction. All the copies of pictures by the famous artist will be sold as NFT.

It is being decided to avail two NFT copies of each masterpiece. One of the tokens will be auctioned by the Binance NFT marketplace. The second one will be stored at the museum. The date and the signature on each NFT copy will be done by Hermitage director Mikhail Piotrovsky.

According to the blog post, the project should offer a new level of accessibility to the Hermitage collection. This will emphasize the democratic nature of the museum. On the other side, the token will highlight the importance of digitalization in this era.  The new stage of collecting artworks will be depicted.

The director of Hermitage welcomes new technology and blockchain in the development of the art market. The guaranteed ownership with Binance will drastically improve the market. Blockchain technology can be recognized as one of the largest technologies of global digitalization.

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Shivangi Mujumdar

CBW - External Analyst


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