cryptocurrency

How 21 Museums & Cultural Organizations engaged with NFTs in 2021

While there is still uncertainty, how are cultural organizations approaching NFTs, and what might they mean for the future?

At this point, many institutions are offering programming and engagement opportunities to help educate audiences on this new phenomenon. Other organizations, still suffering from two years of pandemic slump, have used NFTs as a way to generate buzz and revenue through the sale of digital assets. Lastly, several museums have begun acquiring NFTs for display within their collections.

With this in mind, let’s dive into some examples of how museums are starting to navigate the world of NFTs in order to educate the public, create new revenue streams, and engage their audiences.

How Cryptocurrency Could Transform The Museum World

Bitcoin has led the world on a roller-coaster ride of excitement and panic over the past several months as its value has shot around like a ball in a pinball machine! Let’s take a step back from biting our nails to look at the potential that cryptocurrencies hold for the museum world, as well as how some museums have already embraced this new trend and all the possibilities it has to offer!

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