It is the Kharkiv Museum of Art, which launched an NFT collection of some of its most important and valuable works of art, which are traded through the Binance platform’s marketplace.
Day by day we see the great growth that the web3 field is bringing, and how NFT use cases are increasing in real life, beyond the current condition of the crypto market in general.
Beyond these details, the utility of NFTs continues to reinvent itself, as in the case of the Ukrainian museum. A few days ago they announced that the NFT Art Without Borders collection is now available for purchase on the Binance marketplace.
This collection is composed of 15 works of art from the museum’s collection, which includes renowned artists such as Ivan Aivazovsky, Albrecht Dürer, Simon de Vlieger, among others.
Its main motive is to raise funds for operations and preservation of Ukraine’s cultural heritage. This goal already brings with it almost 25,000 works of various artists recognized locally, as well as internationally.
Binance announces that this number of works includes works of art related to Ukraine, Western Europe, the Middle and Far East, from the 15th to the 21st centuries.
The proceeds from the sale of this collection will be used for the restoration of the establishment’s activities and for the support of its staff, taking into consideration the war that Ukraine is going through against Russia.
The auction started on Thursday, October 13. The NFTs are divided into 3 categories: bronze, silver and gold, with starting prices of 500BUSD, 750BUSD and 1000BUSD.
Through the NFTs, and precisely because of this collection, it contributes to generate security to those people who wish to make donations for war issues, where each transaction is recorded in blockchain. In this way, such transfers cannot be modified or altered, thanks to the immutable data record of the blockchain. As a result, it is possible to verify whether the donation reached its destination, and in what amount.
Kharkiv ranks among the largest cities in Ukraine, and its geographical location is close to the front line of the conflict with Russia. The government of Kiev and many voluntary organizations have been able to survive thanks to the donations made in cryptoassets. Helen Hai, Binance executive, said that during the crisis that Ukraine has been facing, digital assets have played a key role in achieving an agile and effective delivery of aid to those who really need it.
The usefulness of a NFT collection such as the one mentioned above can contribute to the preservation of culture that is currently at risk of being destroyed, as we have seen in the history that has already happened, mentioning the case of the looting of the National Museum of Iraq in Baghdad in 2003.
Fortunately the NFTs have been very helpful and useful during the recent times of crisis. Thanks to the proceeds raised from various auctions of NFT collections, they have been able to restore physical monuments that were damaged by the conflict with Russia.
The case of the Kharkiv Museum is not the first to use NFTs to digitize art, as it has also been done by the Royal Museum of Fine Arts in Antwerp, which tokenized a work worth millions of euros, as well as its insertion into the metaverse, as was the case of Frida Khalo’s family entering a private piece never seen before into the Decentraland metaverse.
On the part of the Ukrainian Ministry of Digital Transformation, they developed a proprietary NFT museum to preserve a chronology of the most important events of their conflict with Russia.
Written by Luciano Garriga (TW:@luchogarriga) for NFT Express