Museums are profiting from NFTs.
Despite the fact that NFTs have taken the art world by storm in the last year, no institutions are solely committed to blockchain-based art. That is changing with the recent opening of the Seattle NFT Museum, which aims to celebrate digital artists who have risen to prominence since the emergence of NFTs. Disease outbreak closures and reprioritized government spending have put financial strain on the world’s public museums. Nonetheless, despite the impressive sales figures generated by NFTs, few institutions have…