New York’s Museum of Modern Art Considers Buying NFTs With Proceeds of $70M Auction: Report

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New York’s Museum of Modern Art Considers Buying NFTs With Proceeds of $70M Auction: Report

The museum’s director, Glenn Lowry, said that the intention is to extend the digital reach of the museum after attendances slumped during and after the pandemic. The museum has a team of people keeping tabs on the digital art market and it is considering purchasing digital art connected to NFTs, Lowry said. www.coindesk.com

The museum’s director, Glenn Lowry, said that the intention is to extend the digital reach of the museum after attendances slumped during and after the pandemic. The museum has a team of people keeping tabs on the digital art market and it is considering purchasing digital art connected to NFTs, Lowry said.

www.coindesk.com