{"id":45433,"date":"2021-07-02T18:16:13","date_gmt":"2021-07-02T15:16:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45433"},"modified":"2025-09-01T11:05:49","modified_gmt":"2025-09-01T08:05:49","slug":"hermitage-and-binance-begin-talks-on-nft-issuance","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hermitage-and-binance-begin-talks-on-nft-issuance\/","title":{"rendered":"Hermitage and Binance Begin Talks on NFT Issuance"},"content":{"rendered":"<p>The State Hermitage Museum is in talks with the Binance exchange regarding the issuance of NFTs and the sale of tokenized artworks. <a href=\"https:\/\/www.interfax.ru\/russia\/776061\" target=\"_blank\" rel=\"noopener\">reports<\/a> Interfax, citing a statement by Marina Tsyguleva, head of the museum&#8217;s Legal Department.<\/p>\n<p>She clarified that all exhibits remain in the museum under the right of <simple_tooltip content='Any transaction involving a cultural value inscribed in the register of cultural heritage objects must be approved by the Ministry of Culture.'>imperative management<\/simple_tooltip>, however the Hermitage can create tokenized works based on what is stored in its collection.<\/p>\n<blockquote>\n<p>&#8220;In other words, this would be a digital reproduction of a painting bearing the director of the Hermitage&#8217;s autograph, affixed at a specific minute on a specific day. It could then be used as a &#8216;souvenir&#8217; or as a collection of works,&#8221; Tsyguleva said.<\/p>\n<\/blockquote>\n<p>Non-fungible tokens would enable additional funding for the restoration of the museum&#8217;s collection. However, this may require clarifications of the law and bringing this type of token under regulatory oversight, the Hermitage representative added.<\/p>\n<p>The NFT issuance is under discussion with cryptocurrency exchange Binance. In a ForkLog report, Binance&#8217;s Director for Eastern Europe, Gleb Kostarev, confirmed the information.<\/p>\n<blockquote>\n<p>&#8220;Binance is negotiating with the State Hermitage. We will not disclose details, but we hope this will be a truly unique project in the NFT market,&#8221; he said.<\/p>\n<\/blockquote>\n<p>On June 24, the exchange launched <a href=\"https:\/\/u1f987.com\/en\/news\/binance-launches-nft-marketplace\">its own Binance NFT marketplace<\/a>.<\/p>\n<p>In March, the Hermitage announced plans to hold by the end of 2021 <a href=\"https:\/\/u1f987.com\/en\/news\/hermitage-to-host-nft-art-exhibition\">an NFT-art exhibition<\/a>.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The State Hermitage is in talks with the Binance exchange regarding the issuance of NFTs and the sale of tokenized artworks.<\/p>\n","protected":false},"author":1,"featured_media":45434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1331,1213],"class_list":["post-45433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-culture-and-art","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=45433"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45433\/revisions"}],"predecessor-version":[{"id":45435,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45433\/revisions\/45435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45434"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}