There are plans to establish a true digital Rembrandt museum in which all works by the world-famous painter Rembrandt van Rijn will be on display. To fund this digital museum, the Rembrandt Heritage Foundation has decided to non-fungible tokens (NFT) of the Night Watch on sale.
Rembrandt NFTs
This will involve a total of 8,000 NFTs. Each of these NFTs will represent a unique, tiny piece of about one inch square of the Night’s Watch. The sale of these NFTs will start in a few weeks, but the exact date is still unknown. Although the price of NFTs is not yet determined, it will most likely be between 0.1 and 0.15 ethereum (ETH). That is converted approximately between 160 and 260 euros.
The chairman of the Rembrandt Heritage Foundation, Edzard Gelderman, to NRC know that it will not be possible to claim a specific piece of the Night’s Watch. Each NFT will be issued randomly. In total, the Rembrandt Heritage Foundation expects to raise between 1.3 and 2 million euros.
MetaRembrandt Museum
That is also necessary, because according to Gelderman, setting up a virtual Rembrandt museum is not exactly cheap. For the development of this MetaRembrandt Museum becomes an external company from Rotterdam that specializes in crypto– and blockchain technology and according to Gelderman the costs quickly run into the hundreds of thousands.
Because the set-up of the new virtual museum is being financed in this way by the buyers of the NFTs, the website of the project the potential buyers therefore:
“The Founders and Treasurers, the Night Watchmen, of the MetaRembrandt Museum”
Owning a Rembrandt NFT also entails some privileges. For example, they gain access to the virtual MetaRembrandt museum. In addition, they can ‘lend’ this access to others. Whether it is possible to also trade the NFTs on the blockchain is unknown.