NFT museum opens in the U.S.

The Seattle NFT Museum brings original artwork as well as explanations of the technology used to bring non-fungible tokens to life, seeking to help visitors understand this new universe.

Source: Ambito

A museum dedicated to NFTs, the digital tokens that are making waves in the art market, opened its doors in the United States.

The Seattle NFT Museum brings original artwork as well as explanations of the technology used to bring the non-fungible tokens to life, seeking to help visitors understand this new universe.

«The point of having a physical space is to make it easier for everyone to understand,» explained museum co-founder Peter Hamilton in an interview with AFP.

«It doesn’t matter how much you know or don’t know about digital art or about NFTs, because you can walk through the museum and you can see the art pieces in a larger format, in a way that’s more like museum exhibits.»

NFTs are unique virtual pieces, whose owner gets ownership even though they are not something tangible.

Their content can be copied, but the NFT is «the original,» just as there are countless copies of Leonardo da Vinci’s «Mona Lisa» in the world, but only the Louvre has the original painting.

Investors and wealthy collectors have in recent months jumped headfirst into this digital craze, which runs on the same blockchain technology that underpins digital currencies.

In recent auctions, NFTs raised million-dollar sums, including the $69.3 million bid for a digital work by artist Beeple at a Christie’s auction.

Like all new technologies, there are people who question these pieces. Some even dismiss them as just a trend.

But museum visitors say they see these pieces as real.

«It’s like a global phenomenon, we’re seeing it being born,» said one woman visiting the museum.

Watching this evolution is part of the fun for Hamilton.

«It’s hard to say where we’re going with this technology, this is just the beginning,» he said.

«Anyone who tells you they’re an expert in NFT is lying because we’re all learning, it’s a new experience, we’re all living this beginning,» he added.