Vladimir Potanin’s Interros, together with the Hermitage, is launching a project to issue NFTs for art objects, according to a joint press release from the museum, Interros and the company Atomize. The project was presented at the Eastern Economic Forum.

In Russia they will test the release of NFT for art objects

The company is starting the creation and release of digital financial assets (DFA) in NFT format, which will reflect the process of restoring art objects. The proceeds from its sale will be used for the restoration of new works in the Hermitage collection.

The first objects from which the DFA was published were the frescoes from Raphael’s workshop and school from the Hermitage collection “Venus and Cupid on the Dolphins”, “Venus and Adonis” and also “Venus removing a thorn”.

The project is called “Digital Art”, its partners are the tokenization platform “Atomize” and “Rosbank”. Atomize will be responsible for the placement and circulation of the created products, and the identification of users will be carried out on Rosbank resources.

According to the director of the State Hermitage, Mikhail Piotrovsky, the project will allow the intermediate states of the frescoes to be recorded. They appear only during the restoration stages and then disappear.

He clarified that in the process of working with these frescoes it was discovered that the paintings had previously been altered to adapt them to the tastes of previous times. Thus, later records hid the frescoes of Raphael’s students.

“This is the meaning of NFT: to make something unique, something that has never happened and will never happen again,” Piotrovsky concluded.

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“Digital Art” is the first domestic NFT project without the participation of foreign blockchain platforms and crypto exchanges.

Previously, the Hermitage collaborated with foreign platforms in the field of selling NFT products. In 2021, the museum held an auction on Binance, where it sold NFT works featuring digital copies of Leonardo da Vinci, Vincent Van Gogh, Wassily Kandinsky, and Claude Monet.


Natalia Gormaleva

Source: RB

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