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6 May 2022
World’s First NFT Art Museum Opens its Doors in Seattle
The Index Today
The world’s first NFT art museum has been inaugurated in Seattle with the goal of “pull[ing] back the curtain” on blockchain art.
As per Reuters, the museum opened on January 14 and is serving as a physical platform for artists, collectors and creators to showcase their works in non-fungible tokens (NFTs) with the express purpose of acquainting the public with the new form of digital art.
Seattle NFT Museum’s co-founder and curator, Jennifer Wong said, "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."
As per Irish firm Research and Markets’ March report, the world NFT market is predicted to surpass $21 billion in growth this year.
Peter Hamilton, the co-founder of the Seattle NFT Museum, said, "An NFT is really just a contract that signifies the ownership of an asset of some kind." He added, "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."