{"id":13616,"date":"2021-11-11T20:08:40","date_gmt":"2021-11-11T19:08:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=13616"},"modified":"2021-11-11T20:08:49","modified_gmt":"2021-11-11T19:08:49","slug":"worlds-largest-museum-launches-nft-art-exhibition","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/worlds-largest-museum-launches-nft-art-exhibition\/","title":{"rendered":"World\u2019s largest museum launches NFT art exhibition"},"content":{"rendered":"\n
The Russian State Hermitage Museum has debuted its first totally virtual exhibition of digital <\/a>art, continuing its foray into the nonfungible tokens (NFTs) business.<\/h5>\n\n\n\n
\"World\u2019s<\/figure>\n\n\n\n

The Hermitage is organizing a free exhibition of NFT\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> artworks that exist entirely in virtual space, the so-called “celestial hermitage,” or the museum's digital avatar, just a few months after generating over $400,000 via its inaugural NFT auction on Binance in September.<\/p>\n\n\n\n

The Hermitage's “Invisible Aether” exhibition<\/a>, which opened on November 10, is based on the metaverse idea, allowing people to create digital avatars and navigate the virtual site using PCs, cellphones, virtual reality glasses, and other devices. According to a senior curator of the project, the virtual site simulates the interiors of the local landmark Old Saint Petersburg Stock Exchange, although the real display has nothing to do with trade.<\/p>\n\n\n\n

\u201cThe exhibition\u2019s artworks are not for sale. We avoid all topics related to the price of these pieces in order to focus on showing what digital art really is, because the cost of art is secondary to its value,\u201d <\/p>Hermitage\u2019s director of contemporary art, Dimitri Ozerkov<\/cite><\/blockquote>\n\n\n\n

Following the exhibition's conclusion on Dec. 10, Ozerkov stated that the Hermitage will return all of the artworks to their original owners, including artists and collectors. “Further events are outside the museum's scope,” he added.<\/p>\n\n\n\n

At a press conference on Thursday, Ozerkov emphasized that Hermitage has \u201cno financial interest\u201d in conducting the free exhibition, noting that the museum is striving to find out the real value of NFTs. \u201cWe want to see what\u2019s left of the NFT <\/a>if you take away the money aspect,\u201d\u00a0he stated.<\/p>\n\n\n\n

Two curators, including Ozerkov and Anastasia Garnova, a member of the Hermitage contemporary art branch, chose the artists and works for the “Invisible Aether” show.<\/p>\n\n\n\n

\u201cWe believe that selection by curators is crucial for a museum exhibition, as it makes it more integral in terms of topics and chapters. The selection principle is based on the artworks\u2019 importance for understanding the essence of the NFT,\u201d says Garnova.<\/p>\n\n\n\n

\u201cArtists were not able to apply for participation in the exhibition,\u201d  she noted.<\/p>\n\n\n\n

The whole list of artworks may be seen on the exhibition's official website, which includes Schr\u00f6dinger's Cat by CryptoKitties, a famous Ethereum<\/a>-based blockchain game created by Canadian firm Dapper Labs. Darkzuu, a Saint Petersburg-based artist, has an artwork on the list as well.<\/p>\n\n\n\n

Snark.art, Masters digital, The Art <\/a>Exchange<\/a>, Rarible, Superrare, KnownOrigin, ArtBlocks, Alterhen.art, and OpenSea <\/a>are among the NFT platforms and prominent industry participants included in the event.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Russian State Hermitage Museum has debuted its first totally virtual exhibition of digital art, continuing its foray into the nonfungible tokens (NFTs) business. The Hermitage is organizing a free exhibition of NFT artworks that exist entirely in virtual space, the so-called “celestial hermitage,” or the museum’s digital avatar, just a few months after generating […]<\/p>\n","protected":false},"author":13,"featured_media":13617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,62],"tags":[1820,470],"class_list":["post-13616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-nft-news","tag-museum","tag-nfts"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/image-61.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/13616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=13616"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/13616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/13617"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=13616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=13616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=13616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}