PARIS: The closest most people get to owning a world-famous artwork is to buy a cheap poster from a gallery, but art dealers are determined to harness technology to draw in new collectors.
Each buyer gets an NFT , the unique digital tokens created and stored on the blockchain, the computer code that underpins cryptocurrencies. Collectors and artists are among the most eager experimenters with the technology, even if it means owning only a slice of a digital copy of a painting. The buyer gets a unique, high-resolution digital copy to project onto a screen and a certificate from the museum, which gets half the proceeds.
A spokesman for the ministry was quoted in several outlets last month as saying the issue was"complex and unregulated" and asked museums not to sign any new contracts around NFTs. But the firm's difficulties in Italy underline the mixed blessing of NFTs - they bring publicity but also suspicion.
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Source: asiaonecom - 🏆 10. / 59 Read more »