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Uk Museum Set to Venture Into NFTs With Japanese Artist Katsushika Hokusai

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The British Museum is certainly partnering with LaCollection to launch digital postcards along with reproduced paintings of the famous Japanese artist, Katsushika Hokusai, to bring the artist’s function into the digital realm.

Japanese Artist Katsushika Hokusai heading digital

The British Museum is entering the world of non-fungible tokens, as it seeks to make works of famed Western artist Katsushika Hokusai in to digital postcards for sale in the particular NFT market, through a relationship with LaCollection, a French startup. There will be two hundred NFTs of the artist’s work for selling.

The launch of a Hokusai exhibition at the Uk Museum, entitled The Great Huge Picture Book Of Everything, may contribute to half of the NFTs sold, while the remainder can come from the museum’s own selection, plus 103 never-seen-before sketches discovered from the book. Electronic images of well-known functions, such as Under the Wave Off Kanagawa, Clear Day With A Southern Breeze and Ejiri in Suruga Province are among the famous works that will be sold as NFTs.

How Hokusai NFTs will be marketed

The NFTs will fall into categories of “unique”, “ua-rare”, “limited”, and “common. ” Based on the CEO of LaCollection, Jean-Sébastien Beaucamps, the ones categorized since common will sell for $500. All NFTs will be sold on the LaCollection website, some at a fixed price, a few via auction.

Approved forms of payment are cryptocurrency and fiat currency. Addititionally there is the possibility of resale of NFTs on a secondary market, such as openseas. io, for which the British Museum will get 10%, and LaCollection 3%.

LaCollection: A marriage of art and technology

According to the CEO of LaCollection, his company came to be from two passions, art and technology. He expectations that the NFT partnership using the British Museum will result in presenting new audiences who have in no way visited the British Art gallery to engage with their considerable assortment of art.

He also hopes that this effort can democratize art, make it extensively accessible to a younger, international audience. British Museum license manager Craig Bendle, concurs with Beaucamp’s sentiments, saying that it is important for the museum to adapt to new markets and discover novel ways of reaching people that traditional channels make extremely hard to reach.

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