New York City Museum Files for Several Web3-based Patents and Trade Crypto-backed NFTs

It seems that NFTs and digital collectibles are expanding their wings to conquer different industries. Now, the Manhattan-based Museum of the City of New York has submitted Web3-based patents with the authorities.

Aug 18, 2022
by Anvi Saini
New York City Museum Files for Several Web3-based Patents and Trade Crypto-backed NFTs
News

The museum, operating since 1923, will allow users to download cryptocurrency-backed collectibles and NFTs. These collectibles will be extracted from the items in six curatorial departments in the museum. 

Not an Individual Move

The museum of history and art has six curatorial departments. These include Photographs, Theater, Decorative Arts, Costumes, Paintings, and Sculptures. This is not the first time a museum joins the NFT bandwagon. 

With the boom in the NFT industry and its grappling power, several museums decided to enter the NFT market to generate more revenue. The famous Belvedere museum, based out of Vienna, dropped an NFT “The Kiss” around Valentine’s day. 

This NFT was created by Austrian symbolist painter Gustav Klimt. In another development, the British Museum and LaCollection collectively launched a collection of digital Hokusai postcards. 

Come January 2022, KAWS (an American contemporary artist) introduced AR (Augmented Reality) into the Serpentine Gallery. With this, the sculptures are now greeting visitors coming to the museum. 

Keeping up with the momentum, a special NFT museum opened up in Seattle. These developments ensure that the NFT space has applications almost everywhere.

That’s not all; in July 2022, another dedicated NFT museum opened up in Midtown Manhattan. With all these museums adopting the NFT technology, it has become easier for artists from across the globe to showcase their work.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
We have sent you an email, please confirm!


News Filter
Play Games Now
Galaxy Fight Club
Galaxy Fight Club
illuvium
illuvium
Gods Unchained
Gods Unchained