While the Russian government maintains an unfriendly stance on cryptocurrencies like Bitcoin (BTC), Russia’s leading museums are virtual by raising hundreds of thousands of dollars in non-fungible tokens (NFTs). Benefiting from the currency industry.
Russia’s Hermitage Museum, one of the largest museums in the world, is on the NFT platform of the major crypto exchange Binance.First auctionFinished. The auction auctioned tokenized collectives depicting masterpieces by artists such as Leonardo da Vinci and Vincent van Gogh.
auctionWorks such as Wassily Kandinsky’s “Composition VI”, Georgeone’s “Judith”, Da Vinci’s “Madonna and Children”, Monet’s “Corner of the Garden at Montjuron”, and Van Gogh’s “Lilac Bushes”. Includes NFT with artwork.
According to data from Binance’s NFT platform, the Hermitage auction totaled more than $ 444,000 in Binance’s US dollar-denominated stablecoin, Binance USD (BUSD).
The highest bid for the auction was Da Vinci’s “Madonna and Children” for 150,500 BUSD.Bid。
A spokeswoman for Hermitage told Cointelegraph that all proceeds from the NFT auction will go to the museum, “except for the costs agreed in the contract within the framework of this project.” “Hermitage does not operate in cryptocurrencies. All funds will be sent to Hermitage in the legal tender Russian rubles.”
This auction is planned for JulyAnnounced.. The Hermitage Museum, in collaboration with legal consulting firm LFCS, said it proceeded with the plan in a way that “fully complies with Russian law.”
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