Creation and sale of NFTs as an opportunity and challenge for contemporary museums

• Authors: Olivia Rybak-Karkosz

Abstracts

EN

NFT gained widespread popularity in 2021, and world museums are the ones that have taken an interest in it. It was due to the financial problems caused by the COVID-19 pandemic. Creating an NFT of the museum’s artwork and its sale is to be one of the solutions. In this paper, the Author analyses challenges and opportunities regarding the creation and sale of NFTs by museums in the eyes of Article 9 of the Act on Museums. This artiles emphasizes selected opportunities and challenges, such as the instability of the value of cryptocurrency, viewers’ interest in NFTs, the correlation between the ownership of an NFT and the museum’s artwork, and, last but not least, the equipment and staffing requirements. Before making the final decision, museums would have to face them. The penultimate part of the paper includes Polish museum professionals’ opinions on this topic.

Keywords

EN

NFT: non-fungible token; NFT’s ownership; creating NFT by museums; selling NFT by museums; museums’ business activity

• Publisher: Krajowy Ośrodek Badań i Dokumentacji Zabytków
• Journal: Muzealnictwo
• Year: 2023
• Volume: 64
• Pages: 67-72

Dates

published

2023

Contributors

author

Olivia Rybak-Karkosz

• University of Silesia in Katowice

Identifiers

DOI

10.5604/01.3001.0053.7143

Biblioteka Nauki

27708194