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The State Hermitage Museum is Holding a Binance NFT Premium Auction

A new NFT collection based on the most iconic paintings housed at the State Hermitage Museum will be available for auction, according to Binance NFT.

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Binance NFT is launching a new collection of non-fungible tokens based on iconic works of art. In collaboration with the State Hermitage Museum in St. Petersburg, Russia, the NFT marketplace has launched a new digital art collection. Five outstanding artworks by well-known painters will be digitized in ultra-high resolution for the collection. In addition, the General Director of the State Hermitage Museum, Mikhail Piotrovsky, has personally signed each of the five works of art.

“The signature combined with an ultra-high-resolution image, being digitized and tokenized, is a unique combination at the intersection of the offline world, vividly illustrated by both the selected masterpieces of past eras and the personal autograph of the Director and the status of the State Hermitage, as well as the modern trend of digital art reflected in NFT tokens,” according to a press release from Binance.

Each artwork will receive two NFTs, one of which will be kept at The Hermitage Museum alongside the originals. In addition, each NFT’s winning bidder will receive a one-of-a-kind piece of digital art as well as an airdrop NFT video. Mikhail Piotovsky demonstrates the procedure of certifying copies of the painting by signing them with an accurate timestamp in this video.

Five classic works are being auctioned off

The collection, titled “Your token is held in the Hermitage,” includes UHD recreations of some of the museum’s most notable artworks. Each auction has a $10,000 BUSD starting price and contains an NFT artwork and the aforementioned Piotrovsky movie. Reproductions of Leonardo da Vinci’s “The Madonna and Child,” Vincent van Gogh’s “Lilac Bush,” Claude Monet’s “Corner of the Garden at Montgeron,” Wassily Kandinsky’s “Composition VI,” and Giorgione’s “Judith” are among the works in the series.

The Madonna and Child NFT are generating a lot of buzzes, and when it goes live on August 31, it could be the auction’s highest-selling item. The picture, which is thought to have been created in Milan in 1482, is one of the works that helped usher in a new era of art known as the High Renaissance. The painting, which depicts a woman feeding a small kid, has been dubbed “the pinnacle of motherhood and motherly love.”

NFT

OpenSea and Kakao’s Klaytn collaborate to expand NFT across Asia

Klaytn, a Singapore-based public blockchain platform, and OpenSea, a non-fungible token (NFT) market, established a cooperation on Friday to support the Asian NFT ecosystem.

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  • In order to showcase Asian NFT initiatives to a worldwide audience, the alliance involves conference collaborations and ecosystem awards.
  • The largest NFT marketplace in the world supports four blockchains: Klaytn, Polygon, Solana, and Ethereum.
  • The blockchain subsidiary of South Korean internet behemoth Kakao, Ground X, founded the Klaytn Foundation.
  • On its central bank digital currency (CBDC) pilot project, the Bank of Korea collaborates with Ground X.

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Shopify Expands Online Retailers’ NFT-Gated Options

Brands are able to increase the exclusivity of their shops thanks to the e-commerce platform.

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The future of e-commerce, according to Shopify, is in NFTs.

As a new option for brands wishing to make their stores more exclusive, the online retail behemoth, which enables small businesses to construct customized e-commerce shops, is providing NFT-gated storefronts, Shopify announced on Wednesday.

In the Shopify introduction video, which includes a skating woman who passes through a pastel portal and transforms into a Doodles NFT, a voiceover urges viewers to “invite their communities into a world that acknowledges and rewards devotion.”

The video explains that token holders can access special shopping opportunities by connecting a cryptocurrency wallet, including early access to drops and limited collections as well as one-of-a-kind experiences and other surprises.

Only individuals with existing NFT collections are able to apply for early access to Shopify’s “gm” shop, which is a gated merchandise store and a play on the Crypto Twitter acronym for “good morning.”

However, those that haven’t received approval yet can still integrate NFT token-gating apps like Shopthru or Single into their Shopify sites.

Shopify announced that it has already collaborated with the Adam Bomb Squad, Doodles, World of Women, Invisible Friends, Superplastic, Stapleverse, and Cool Cats NFT collections to develop token-gated shops as part of its token-gated business launch.

Shopify is introducing “IRL” token-gating in brick-and-mortar stores in addition to online token-gating, which restricts access to certain merchandise to authorized NFT holders exclusively.

Why is this important? The future of Web3 commerce will focus on exclusivity, for one thing. NFTs, which are distinctive blockchain tokens that denote ownership over an asset, are increasingly employed as membership cards, tickets to events, and “keys” to open benefits, despite the fact that they are frequently oversimplified as digital art or “jpgs.”

Additionally, this isn’t Shopify’s first venture into NFTs: The business has been involved with Web3 since last year, when it announced the launch of NFT sales on its platform. Brands can mine and sell NFTs on Shopify to clients using the Ethereum, Polygon, Solana, or Flow platforms.

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OpenSea, beware—Uniswap is pushing into NFTs

The NFT aggregation platform Genie is being purchased by Uniswap Labs, the organization that created the Ethereum-based decentralized exchange Uniswap.

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In a Bankless interview on Tuesday, Uniswap founder and CEO Hayden Adams said, “We’re attempting to transfer what we brought to the ERC-20 market to the NFT sector.”

You can buy NFTs—individual blockchain tokens that represent ownership—on a variety of different marketplaces, such as OpenSea, LooksRare, or Coinbase NFT. However, few allow consumers to buy many things at once, and none provide aggregation tools that let traders view listings on competing marketplaces.

According to Uniswap Labs on Twitter, “We see NFTs as another form of value in the burgeoning digital economy, and it’s a no-brainer for us to integrate them.”

The NFT aggregator Gem, which also enables customers to acquire numerous NFTs in a single transaction, was purchased by OpenSea just two months prior to the announcement of its acquisition by Genie. OpenSea intends to incorporate NFT aggregation functions into its primary platform, just like Uniswap.

A new tab dedicated to NFTs will be added to Uniswap’s main website later this year as part of the company’s push into NFTs, according to a statement from the company. Additionally, NFTs will be included in its developers’ APIs and widgets.

Uniswap Labs intends to airdrop an unspecified quantity of the stablecoin USDC to Genie’s early backers as a way to commemorate its acquisition. By April 15th, USDC will be given to everybody who had utilized the platform at least once or owned a Genie Genesis NFT. (The business had earlier tweeted that Genie Gem owners were eligible for the airdrop.)

Uniswap entered the NFT market for the first time in 2019 with Unisocks, an NFT that granted holders access to a real pair of socks.

The largest NFT market, OpenSea, has a floor price for Unisocks of 13 ETH (about $15,300) at the time of writing.

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