Will museums of the future just be giant NFT galleries?
Museums, individuals and metaverse initiatives have used nonfungible tokens (NFTs) as a new means for reinventing themselves before their fans. The family of Frida Kahlo unveiled never-before-seen art and personal artifacts of the artist at an exclusive event in Decentraland for its art week in August.
In Belgium, the Royal Museum of Fine Arts Antwerp became the first European museum to tokenize a classic art masterpiece worth millions of euros. The Kharkiv Art Museum in Ukraine launched a new NFT collection with Binance to preserve their cultural heritage and raise funds amid the ongoing regional conflict.
However, as everything becomes tokenized, questions arise. Will museums in the future just be giant NFT galleries with every piece of art having a digital counterpart? How does ownership really work in such a scenario?
Cointelegraph spoke with Hussein Hallak, founder and CEO of Momentable a company servicing museums to help with NFT integration, to understand what an NFT-ized future looks like for the art world.
Related: NFT pics are the funhouse mirror high-end art deserves
While digital art that is native to the Web3 space finds its place in virtual museums, traditional art and museums are taking on a layer of Web3. Thus, Hallak believes it's “inevitable” for museums to eventually transform into a giant NFT gallery.
According to Hallak, it’s just a matter of technology becoming easier to use in order to become ubiquitous. For now he predicts the most common use of NFTs by museums should be for proof and maintenance of items in their collections, second would be digital editions accessible to the public.
“NFTs are an integral tech innovation museums can’t afford to ignore if they want to step into the future," Hallak
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