Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs

Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs

The art museum in the Eastern Ukrainian city of Kharkiv has partnered with cryptocurrency exchange Binance to offer non-fungible tokens (NFTs) of some of its most valuable artworks. Proceeds from the auction will be used to restore the museum’s activities and support its staff. Ukrainian Museum to Sell 15 Works of Art as Digital Collectibles on Binance NFT

The NFT marketplace of the world’s largest crypto exchange by trading volume, Binance NFT, has announced the launch of tokens representing over a dozen of Kharkiv Art Museum’s works. The cultural institution has one of the oldest and most valuable art collections in Ukraine.

“Today, the museum’s holdings include about 25,000 works of fine art of Ukraine, Western Europe, the Middle and Far East of the 15th–21st centuries,” Binance said in a press release. The Kharkiv Art Museum will be auctioning 15 of them as NFTs from the “Art Without Borders” collection.

The collection will feature works by Albrecht Dürer, Georg Jacob Johann van Os, Ivan Aivazovsky, Simon de Vlieger, and other artists, the announcement details. The collected funds will be dedicated to restarting the museum’s normal operations and hiring additional personnel.

The auction began on Thursday, Oct. 13, and will continue for a week. The non-fungible tokens are divided into three categories — gold, silver, and bronze — with respective starting prices of 1,000 BUSD, 750 BUSD, and 500 BUSD.

Kharkiv is Ukraine’s second-largest city, situated close to the front line of the escalating military conflict with Russia in the eastern part of the country. The Ukrainian army was recently able to push back the Russian forces and currently controls most of the Kharkiv region.

The government in Kyiv and volunteer organizations have been relying on crypto donations and fundraising campaigns to finance both defense and humanitarian efforts. “Throughout the ongoing crisis in Ukraine, digital assets have played an important role in providing fast, efficient, and simple help to those in need,” noted Helen Hai, who heads Binance NFT.

“Together with the Kharkiv Art Museum, we will present the NFT collection which combines Web3 technology and pieces of art that the museum preserves so carefully,” the executive added, expressing hope the project will attract the attention of connoisseurs.

You can support Ukrainian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund. Tags in this story artworks, Auction, Binance, Binance NFT, Collection, conflict, Digital Collectibles, Kharkiv, Kharkiv Art Museum, Marketplace, museum, nft, NFT marketplace, NFTs, non-fungible, Russia, russian, Tokens, Ukraine, ukrainian, War, works

Do you think such crypto initiatives can make a difference for other cultural institutions across Ukraine during the difficult times the country is going through? Tell us in the comments section below. Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration. Crypto Boutique Law Firm Roche Freedman Removed From Class Action Against Tether NEWS | 5 hours ago UK"s Royal Mint Reveals Record Profits Amid Significant Demand for Physical Gold and Silver NEWS | 7 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleOnline Luxury Watch and Jewelry Shop Watches World Lets Customers Pay With Over 100 Different Cryptocurrencies Next articleBiggest Movers: XRP, ATOM Rebound From Recent Declines Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin