The Hermitage Museum in Saint Petersburg is considering issuing NFTs for works of art from its rich collection and is holding talks with Binance on the matter. The museum’s management expects the tokens to bring extra funding, provided Russian authorities exempt NFTs from current digital assets regulations.
Hermitage Museum in Talks With Binance for Artwork NFTs
The world-renowned State Hermitage Museum in Russia is negotiating with leading cryptocurrency exchange, Binance, on the issuance and sale of non-fungible tokens (NFTs) of artwork. On June 24, Binance launched its NFT marketplace which features various forms of digital artwork and collectibles. The coin trading platform also announced its “100 Creators” program presenting NFT content from local talent around the world.
For the Hermitage to issue its tokens, Russia’s