The Guggenheim art museum is one of the world’s top repositories of art — and according to new MBA internship opportunities, they may be looking to add some NFTs to their collection.
Looking To Get In On The Action
Applicants to the internship in question will have to work on the “evaluation of non-fungible token (NFT) based art, a nascent, fast-growing, highly scalable area of the art world.”
They will have to define how blockchain may change the way a museum defines its collection strategy — and more precisely, in what ways should the Guggenheim become a digital experience, alongside more traditional art forms such as paintings.
Just yesterday, a piece of virtual real estate created by artist Christa KIM as an NFT was sold for $500,000. Not to mention the Beeple NFT that sold for over $6 million worth of ETH.
Now, the Guggenheim seems to be looking to get in on the action and snap up a few of these NFTs themselves.
NFTs have soared in popularity within the past month or so — and generated quite a bit of controversy in the process. While many say that the so-called NFT gold rush is purely a result of the ever-changing nature of art. Others say that they are a fad that will soon pass.
NFT scams have also started popping up — for instance, artist Derek Laufman has had his art stolen and made into NFTs without his permission.
“I was basically kind of annoyed that somebody had, quote, unquote, verified me as on that platform. I dealt with having my art stolen for years. And I’m sort of numb to that. But when somebody is claiming to be you … that kind of, you know, pisses me off.”
But whether NFT should stand for Non-Fungible Token or New-Fangled Token, the past has shown that widespread adoption of crypto assets by well-established companies has only made their value increase – and names like Guggenheim, Sotheby and Christie’s tend to carry weight in the art world.
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