Because it’s more than just a revenue stream to make money. In fact, if museums just think of museums in terms of dollars and cents , then they will most likely fail to make a real and lasting impact.
Last year, the British Museum in London converted Japanese painter Hokusai's famous works into NFTs. And recently, the museum announced that it is extending its partnership with LaCollection to digitizeThe idea is that users get to purchase these digital tokens, which represent the artwork. These can then be displayed on digital walls as an NFT.
According to the museum's website, the initiative is a call to action for artists, technologists, and other cultural producers to consider how they might work together to create new structures for supporting the production, dissemination, and collection of art in the digital age. But there's more they can do than just upgrade a visitor's virtual experience. For example, the world's first-ever full-time NFT museum, the Seattle NFT Museum, opened its doors early this year, intending to explore the potential of this technology.
Fundraising through NFTs makes sense on many fronts. For one, it allows museums to generate income without selling any of their assets. Likewise, it also allows them to engage with a new and growing community of art collectors and enthusiasts.a new platform for marketing their collections to a wider audience. With the help of blockchain technology, these NFTs can be authenticated and tracked.
And much more beneficial for money laundering
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