Lisa He said Binance will continue to support NFT projects that create practical and scalable solutions for various social problems, including the preservation of Ukraine’s cultural heritage.
NFTs are finding uses beyond digital art collections, as non-fungible token use cases continue to develop. Even within the art world, NFTs are being re-invented, as is the case with a Ukrainian museum.
The Kharkiv Art Museum has launched “Art without Borders” NFT collection on the Binance NFT marketplace.
The artwork is composed of 15 items from the museum’s collection, with the proceeds going back to finance the museum and preserve the cultural heritage of Ukraine, as detailed in the official announcement.
Approximately 25,000 works of fine art are housed at the museum, including paintings by Albrecht Dürer, Georg Jacob Johann van Os, Ivan Aivazovsky, Simon de Vlieger and others.
When donors want to give funds securely and sure, NFTs provide reassurance, according to Lisa He of Binance NFT head.
Binance CEO Changpeng Zhao said that blockchain transparency also allows donors to know when and if funds are reaching their desired destination.
How the Web3 technology can help protect historical sites in the metaverse.
Museums have used NFTs to digitalize art in the past, for example, the Royal Museum of Fine Arts Antwerp, which tokenized a piece worth billions of euros.
Frida Khalo’s family brought a never-before-seen piece from their private collection into Decentraland, metaverse museums where art has even been NFT-ized.
The city of Kharkiv has been at the centre of fierce battles between Ukraine and Russia in the ongoing war. As a result, this collection could preserve a lot of important culture that may otherwise be destroyed, which occurred in the infamous looting of the National Museum of Iraq in Baghdad in 2003.
Its NFT technology and the long-standing Ukraine culture heritage will help rebuild history and culture in real life, says Lisa He.
NFTs have already been used as an act of aid and resistance in Ukraine during these turbulent times. NFT proceeds were used to help restore physical monuments which have taken damage from the conflict.
In order to document and preserve a timeline of major events in the conflict, the Ministry of Digital Transformation in Ukraine even established its own digital NFT museum.
Lisa said Binance will continue to support NFT projects that create practical and scalable solutions for various social problems, including the preservation of Ukraine’s cultural heritage.
