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

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.

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