It seems like that the whole world is taking a shine to blockchain technology and its wonderful applications. Non-fungible tokens or NFTs have been a major hit among the entertainment and technology sector, and more and more enterprises seem to be enrolling with this technology to shake hands with the future of finance.
The British Museum has recently announced a partnership with the Japanese artist Katsushika Hokusai and will be selling his work in digital NFTs in the form of a postcard. The NFTs which are going to be sold by the British Museum are actually the paintings painted by the famous Japanese artist. This step is taken for the sake of bringing the work of this amazing Japanese artist into the digital world. There are talks that the price of the paintings sold in the digital form or in NFT will be fixed; there will be no biddings of any kind whatsoever.
British Museum Embraces NFT Technology
To check the tenacity of the project, at first, there are going to be 200 paintings published and distributed for this specific artist. The most amazing picture painted by the Japanese artist, which is going to be distributed in the form of the digital asset, will be from The Great Big Picture Book of Everything. It is estimated that this painting alone will be contributing to half of the exhibition.
The rest of the NFTs which will be sold belong to the British Museum itself. According to inside information, there are going to be 103 drawings which are never seen before, belonging to the same book written by the Japanese artist. There will be different categories allocated to the NFT, such as unique, rare, limited, and even ultra-rare. The common NFTS, on the other hand, will sell themselves for $500, and for the rare, ultra-rare, or unique, the price is definitely going to be much higher.
This is just a test run which the museum is conducting with NFTs, and if it sells well and people are gripped by this exhibition, then, of course, there would be more in the future.