Paris-based Centre Pompidou Museum has opened its first-ever NFT exhibition aimed at showcasing NFT artwork.

The exhibit is titled “NFT: The Poetics of the Immaterial from Certification to Blockchain”.  When launching the exhibit and NFT collection, the museum described itself as “the very first institution dedicated to modern and contemporary art” and the first to acquire collections of works that deal with the “relations between blockchain and artistic creation” that include the first non-fungible tokens.

NFT art is increasingly growing in popularity in spite of the collapse in the market and their steep decline in 2022. NFTs identify and authenticate digital merchandise, certifying ownership via a publicly verifiable ledger. Unlike traditional art that can be copied with some degree of success, the provenance of NFT art is easily verifiable thereby giving both owners and prospective buyers foolproof protection.

"Sentimentite" by Agnieszka Kurant
“Sentimentite” by Agnieszka Kurant exhibited at the museum

The Centre Pompidou Museum also released a transcript of a discussion that took place between Philippe Bettinelli and Marcella Lista, the curators at the museum who worked on the video, audio and new media collection. In the transcript, the two analyze the potential of non-fungible tokens and their possible huge impact on the art world.

In the transcript, Bettinelli says part of NFT’s success is attributable to the fact that digital artists no longer have to go through the traditional intermediaries of the art world. The decentralized model of the blockchain-powered ecosystem enables these artists to go straight to their communities and fanbases, he added.

Lista described the NFT community as embodying “some of the most stimulating artistic debates of the contemporary art world.” Lista adds that the idea behind Centre Pompidou Museum’s collection isn’t necessarily to be the first to launch such a project but to put together a “meaningful collection” that could bring out the “critical and creative appropriation of a new technology by artists” and hos this is disruptive and changes the art ecosystem.

One of the images in Centre Pompidou Museum’s NFT collection is dubbed “NFT-Archeology” by the artist Fred Forest. This piece of art is reportedly a recreation of a website that was regarded as the “first purely digital work” ever sold in an auction house. The website was sold in 1996.

The Pompidou exhibit features 18 works of art and will run through January 2024.

https://virtualrealitytimes.com/wp-content/uploads/2023/04/Sentimentite-by-Agnieszka-Kurant-600x600.jpghttps://virtualrealitytimes.com/wp-content/uploads/2023/04/Sentimentite-by-Agnieszka-Kurant-150x90.jpgRob GrantBusinessNFTParis-based Centre Pompidou Museum has opened its first-ever NFT exhibition aimed at showcasing NFT artwork. The exhibit is titled “NFT: The Poetics of the Immaterial from Certification to Blockchain”.  When launching the exhibit and NFT collection, the museum described itself as “the very first institution dedicated to modern and contemporary...VR, Oculus Rift, and Metaverse News - Cryptocurrency, Adult, Sex, Porn, XXX