NFTs vs OpenAccess

What does blockchain mean for the cultural heritage sector?

After the sale of a digital collage by artist Beeple for $69m this month and news that Damien Hirst is planning to sell similar NFT artworks later this year, it is perhaps inevitable that attention has turned to museums and the potential to make money selling digitized collections via NFTs (non-fungible tokens). Brendan Ciecko suggested that digital collectibles could offer a new revenue stream and a company called Global Art Museum took matters into their own hands trying to sell open access collections minted on NFTs (they later retracted and said it was a social experiment).

So what should museum professionals say if their directors ask about NFTs?

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