The Venice Biennale, an arts organization based in Venice, will feature non-fungible tokens (NFTs) from 20 artists, including China, Germany, and the United States as part of its special event organized in collaboration with a crypto art-focused decentralized organization called Global Crypto Art DAO, Artnet News reports.
The organization will demonstrate NFTs across two locations: the Liceo Artistico Statale Michelangelo Guggenheim and Palazzo Ca' Bernardo. Stagl, the co-curator of the NFT project, said that the pavilion's focus on digital collectibles represents a "possible way out and development for the young Cameroon generations, exploring the emerging world of NFTs in an international key."
Although the DAO will not sell works out of the exhibition, it will "encourage visionary collectors and investors to buy and collect these artworks before or after the exhibition."
In January, To The Moon reported that Adidas teamed up with Prada for their new project dubbed "adidas for Prada re-source." The collaboration featured user-generated art in the form of an NFT gathered from 3,000 photos into a "single mass-patchwork NFT" designed by digital artist Zach Lieberman.