We is perhaps in the midst of a crypto winter however that hasn’t stopped NFTs from going from energy to energy. One of many ways in which this has occurred is thru high museums world wide just like the Museum of Modern Art (MoMA) in New York Metropolis taking over extra NFT artwork for exhibition.
The museum has an ongoing partnership with Turkish American artist Refik Anadol and shall be debuting a brand new NFT assortment referred to as Refik Anadol: Unsupervised from November 19, 2022, to March 5, 2023.
The connection between the museum and Anadol began final 12 months after the artist used an AI to create NFTs from the hundreds of things within the MoMA archives. Not solely had been the items a monetary success, with some commanding a whole lot of hundreds of {dollars} however the museum additionally discovered a brand new revenue stream through secondary market royalties.
Given what number of museums, together with MoMa, had been laborious hit because of the pandemic and noticed a decline in attendance (and thus, income), this new-found NFT enterprise has been very useful. Chatting with the New York Occasions, Paola Antonelli, MoMA’s senior curator of structure and design, this is part of the museum embracing change.
“Being open to new expertise is a part of our accountability. We’re by no means leaping on new applied sciences, however relatively realizing that we have to preserve tempo with the world,” she says.
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