Binance, a cryptocurrency exchange in Eastern Ukraine, has joined forces with Kharkiv’s art museum to provide non-fungible tokens of the most important artworks. Proceeds from the auction will be used to restore the museum’s activities and support its staff.
Ukrainian Museum will Sell 15 Works of Art on Binance NFT as Digital Collectibles
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. This cultural institution is home to one of Ukraine’s most important and oldest art collections.
“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.
Auction began Thursday Oct. 13 and will run for at least 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. Recently, the Ukrainian army defeated the Russian troops and now controls the majority of Kharkiv.
Both the Kyiv government and volunteers have used crypto fundraising and donations to fund both humanitarian and defense 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.
Are you positive that such initiatives could make a significant impact on other cultural institutions in Ukraine, especially during these difficult times? Please leave your feedback in the comment section.
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