MAJOR MUSEUMS INTRODUCING NFT TECHNOLOGIES INTO WORK OF ART

Several Italian museums have decided to combine the very first and latest contemporary art movement by introducing NFT technologies into the works of the fathers of classical art Leonardo da Vinci, Caravaggio, Raphael and Modigliani.

The NFT exhibition will last until March 19!

NFT reproductions of famous paintings were featured in the exhibition “Perpetuating Art History: From Da Vinci to Modigliani” at the London Gallery on February 16th. The exhibition will run until March 19. Each of the six works is presented in the form of NFT tokens on the Ethereum blockchain.

Each painting will have nine NFT tokens, the price of which will range from $114,000 to $284,000 each. Along with the token, the owner will receive a certificate of authenticity from Cincello and the museum that houses the original physical painting. Museums include the Uffizi Gallery in Florence, the Palazzo della Pilotta, the Brera Pinacoteca and the Ambrosian Library. Despite the sale of works of art in the form of NFTs, copyright will still belong to museums.

It is expected that 50% of the proceeds will be directed to these museums in order to preserve the works of art, as well as cover losses during the pandemic.

The work will be featured on Cincello’s patented DAW initiative, which was originally launched by London-based Unit Gallery earlier this month. “Perpetuating the History of Art: From Da Vinci to Modigliani” is the first of three DAW-based art exhibitions, and more works of art using NFTs are expected to appear soon.

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