Kharkiv Art Museum To Sell Artwork as NFT With Binance

• The museum has one of the oldest and most significant art collections in all of Ukraine.
• The auction kicked off last Thursday, October 13, and will run for the next seven days.

Tokens for more than a dozen pieces from the Kharkiv Art Museum have been announced for release on the NFT marketplace of Binance, the world’s biggest crypto exchange by trading volume. This museum has one of the oldest and most significant art collections in all of Ukraine.

Binance said in a news statement that the museum now has approximately 25,000 items of great art. From Ukraine, Western Europe, and the Middle East from the 15th-21st century.  Fifteen of the “Art Without Borders” collection will be sold at auction by the Kharkiv Art Museum as NFT.

Raising Funds to Resume Normal Operations

It was announced that artwork of painters including Albrecht Dürer, Georg Jacob Johann van Os, Ivan Aivazovsky, and Simon de Vlieger would be in the collection. Money raised will be used to get the museum back to normal and provide positions for new employees.

The auction kicked off last Thursday, October 13, and will run for the next seven days. The non-fungible tokens have three tiers, each with a different beginning price. Gold (1,000 BUSD), silver (750 BUSD), and bronze (500 BUSD).

Kharkiv, Ukraine’s second-largest city, is located in the country’s east. Not far from the front line of the intensifying armed war with Russia. The Russians were just pushed back by the Ukrainian army, and now the Ukrainians rule over the majority of the Kharkiv area.

Helen Hai, Head of Binance NFT stated:

“Throughout the ongoing crisis in Ukraine, digital assets have played an important role in providing fast, efficient, and simple help to those in need.”

Kyiv’s administration and nonprofits have been putting their faith in cryptocurrency contributions and crowdfunding initiatives to support defensive and relief operations.

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