Kharkiv Museum Of Arts Joins The NFT Art Without Borders Collection At Binance Market

NGT's market in Binance is increasing. (photo: twitter @thebinanceNFT)

Currently Web3 technology continues to develop, even the use of nonfungible tokens (NFT) continues to grow rapidly through busy days with a stagnant collection of digital art. However, even in the field of art, NFT utilities are being re-created, just like the Ukrainian art museum.

The Kharkiv Museum of Art announced on October 13 that its Unbounded NFT collection is now available on the Binance NFT market.

Art Without Borders includes 15 works of art from museum collections, with results to be used to finance museums and "Reliance of Ukrainian cultural heritage," as stated by the official announcement.

This museum is one of Ukraine's oldest, with nearly 25,000 works of art artists from Ukraine and around the world. Art work by Albrecht Djururer, Georg Jacob Johann van Os, Ivan Aivazovsky, Simon de Vlieger and others featured in the NFT collection.

Head of Binance NFT Lisa He told Cointelegraph that in times of conflict, when donors look for safe and definite ways to provide funds, NFT offers guarantees.

NFT offers peace of mind and security to donors because all transactions are listed on blockchain technology. All donations for the destination via NFT are tracked and cannot be changed or removed," said Lisa He, executive at Binance, as quoted by Cointelegraph.

Binance executives continue to say that blockchain transparency also allows donors to know when and whether funds are achieving their desired goals.

The museum has used NFT as a means to digitize art in the past such as the Royal Museum of Fine Arts protecterp, which marks a work in its collection worth millions of euros.

Art has even been NFT-ized in the metaverse museum, such as when the Frida Khalo family carries works that have never been seen before from their personal collection to Decentraland.

Meanwhile, the city of Kharkiv has been the target of fierce fighting in the ongoing conflict between Ukraine and Russia. Therefore, the usefulness of this collection could preserve the culture that is currently threatened with extinction, as was the case of the famous looting at the National Museum of Iraq in Baghdad in 2003.

The combination of "born NFT technology and Ukraine's long-standing cultural heritage in NFT will support the rebuilding of culture and history in real life," said Lisa He.

NFT has been used as an act of aid and resistance in Ukraine during these fluctuating times. The results of the NFT auction were used to help physically restore damaged monuments during the conflict.

Ukraine's Ministry of Digital Transformation even launched its own digital NFT museum to document and preserve the timeline of major events in the conflict.

Lisa He said Binance will continue to support NFT projects that create practical and measurable solutions to various social issues, including the preservation of Ukraine's cultural heritage.