Seattle becomes home to the world’s first NFT museum

Seattle is now home to the first-ever permanent art museum for non-fungible tokens (NFTs). The launch of these NFTs seeks to “pull back the curtain” on digital art created on blockchain technology.

Seattle opens the world’s first NFT museum

NFTs are digital assets that have become increasingly popular in recent months. Some NFT pieces have become so valuable, and they are now selling for millions of dollars. NFTs are digital assets created on the blockchain, and they are used to record transactions stored on networked computers.

The permanent NFT museum in Seattle was opened on January 14, and it has become a focal point for different players in the NFT sector. The museum is currently being used by NFT Creators, collectors and artists to display their artworks. The NFTs also seek to teach the public about the new concept of digital artworks.

Jennifer Wong, the co-founder and curator of the Seattle NFT Museum, commented on the development, saying, “We really realized the impact of being able to look at this type of art in a way where you actually slow down, you see all the details.”

On April 16, Maksim Surguy, a local digital artist, was part of the team that attended the “Climate Conversation” exhibition launch. The exhibition features some of his designs that have been converted into NFTs that can be sold and accessed online. These NFTs can also be transformed into physical form for those users who would like tangible pieces.

Surguy also added that “Previously, if you make a digital artwork or physical artwork, there were a lot of limitations about who can see the artwork or how they can own it.” Surguy also works in the tech market of Seattle, and he entered the sector of cryptocurrency art around one and a half years ago.

Growing popularity for NFTs

In March, a report published by Research and Markets firm based in Ireland said that the global NFT market was expected to increase to more than $21 billion in 2022. This is a huge growth, which artists and collectors could take advantage of to unlock immense earning opportunities.

The co-founder of this museum, Peter Hamilton, commented on this, saying, “An NFT is really just a contract that signifies the ownership of an asset of some kind. These tokens… are basically a contract that says this serial number belongs to this piece of art, and if you own this token, you are the rightful owner.”

The museum is already recording notable success, as seen from the program scheduled for the entire year. Onboarding new artists and projects could result in notable growth for the project and contribute to immense growth levels.

“I can’t emphasize enough how important the educational part of this museum is. We’re trying to onboard folks and help them see what the value of NFTs are and help people pull back the curtain a little bit on what blockchain is and what its utility is,” Hamilton added.