The Georges-Pompidou National Center for Art and Culture becomes the very first French museum to hold NFTs. The news fell last week. Colloquially known as Beaubourg, the center has announced that it has acquired a collection of 18 works of art from NFT.
First French public institution to acquire NFTs
In a communicated published last Friday, the multidisciplinary establishment born from the will of the president Georges Pompidou, a great lover of modern art, said he had acquired his first NFTs. These unique digital art objects have panicked the auction rooms of the first French public institution to do so. ” This is the first acquisition of a set of NFTs by a French public institution and the first of this importance by an institution dedicated to modern and contemporary art. “, can we read in the statement of the museum.
Indeed, an NFT “non-fungible token” or non-fungible token is valued data composed of a type of cryptographic token that represents an object, to which a digital identity is attached. This data is stored and authenticated using a blockchain protocol, the blockchain that gives it its primary value.
Create a cultural institution for modern art in the heart of Paris
It is no secret that President Pompidou was a great admirer of modern art. Born of his will, Beaugourd expects to perpetuate the legacy of the Magus of Monboudif by promoting modern artistic creations. Although the authors of these works are little known to the general public, we note however that they come from crypto-art, plastic arts, net-art and generative art, a form of digital creation exploiting algorithms . According to the museum, these works (NFT) reflect the astonishing richness of the forms of artistic creation linked to the blockchain. As well as the variety of positions adopted by artists in the face of this phenomenon.
As a reminder, the museum’s acquisition commission selected 18 projects by 13 French and foreign artists. These works enter the museum’s NFT collection by donation or purchase. ” This enrichment is part of the strategy of the National Museum of Modern Art, since its origins, of supporting artists in the conquest of new means of creation. “, underlined the Center Pompidou.
The news has delighted many users. The arrival of these assets in public institutions or museums bodes well for their valuation. Not long ago, the San Francisco Museum of Modern Art also had announced the acquisition of its first NFT. It should be noted that the Seattle museum remains the only one entirely devoted to NFTs. Objects prized by collectors, NFTs shake up the art and culture markets. Despite the winter that the crypto market has been going through for the past few months, is it wise to get started?
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