Russia’s Hermitage to Sell Digital Copies of Art as NFTs

The museum will sell digital copies of works by da Vinci, Giorgione, Kandinsky, van Gogh and Monet on Binance NFT

The Hermitage Museum in St. Petersburg, Russia, which houses one of the world’s major art collections, will auction virtual copies of five of its most famous masterpieces in August on the Binance NFT marketplace, the museum said in a press release. The museum will sell digital copies of “Madonna Litta” by Leonardo da Vinci, “Judith” by Giorgione, “Lilac Bush” by Vincent Van Gogh, “Composition VI” by Wassily Kandinsky and “Corner of the Garden at Montgeron” by Claude Monet. It didn’t specify the exact date of the sale.

The initiative with non-fungible tokens (NFTs) will help the museum “provide better availability of the Hermitage’s collection” and demonstrate “the importance of the digitalization in art collecting,” the announcement said.  Each NFT will be issued in two copies, one held by the Hermitage itself and the other going to the buyer. The metadata of the NFTs will include Hermitage director Mikhail Piotrovsky’s signature, the time of the signing and certification that it was signed in the Hermitage.

https://www.coindesk.com/

Alibaba launches NFT marketplace for copyright trading

Alibaba has launched a new marketplace allowing trademark holders to sell NFTs representing licenses to their copyright

Chinese multinational e-commerce firm Alibaba Group Holding has launched a new nonfungible token (NFT) marketplace allowing trademark holders to sell tokenized licenses to their intellectual property.

The new NFT marketplace, dubbed “Blockchain Digital Copyright and Asset-Trade,” can be accessed via Alibaba’s Auction platform. NFTs launched via the platform will be issued on the “New Copyright Blockchain” — a distributed ledger technology platform centrally operated by the Sichuan Blockchain Association Copyright Committee.

According to a Tuesday report from Alibaba-owned news publication South China Morning Post (SCMP), the marketplace hopes to target writers, musicians, artists and game developers.

The marketplace is already live, hosting several NFTs that are set to be auctioned next month. Bidders must post a deposit of 500 yuan (roughly $77) to participate in auctions. Each upcoming auction has set a reserve price of $15 each.

https://cointelegraph.com/

The web’s source code is being auctioned as an NFT by inventor Tim Berners-Lee

NFT (Non Fungible Token) is a type of digital asset designed to show that someone has ownership of a unique virtual item

British computer scientist and inventor Tim Berners-Lee is auctioning the original code for the World Wide Web as a nonfungible token.The auction for the World Wide Web NFT — titled “This Changed Everything” — will be run by Sotheby’s in London from June 23-30, with bidding starting at $1,000. The proceeds of the auction will benefit initiatives that Berners-Lee and his wife support, Sotheby’s said.

NFTs are a type of digital asset designed to show that someone has ownership of a unique virtual item, such as online pictures and videos, or even sports trading cards.

The NFT includes original time-stamped files containing the source code written by Berners-Lee, an animated visualization of the code, a letter written by Berners-Lee on the code and its creation, and a digital “poster” of the full code. They will all be digitally signed by Berners-Lee. It will be the first time Berners-Lee has been able to capitalize financially on what is widely viewed as one of the greatest inventions of our time.

https://www.cnbc.com/