A royal family from Czech Republic, plans to use NFTs to help restore their historic properties and extensive art collection.
The noble Lobkowicz family are planning NFT auctions for digital restoration certificates of their historic properties and their valuable art collection. In addition to the non-fungible tokens issued, Prince William Rudolf Lobkowicz plans a conference next month in Prague at Lobkowicz Palace.
According to the 27-year-old prince, the family does not receive any public funding. In addition, these locations and items are considered national treasures and cannot go up for sale without governmental approval.
Enter the usefulness of NFTs. “My father sometimes says that we are the richest poor in the world. We are going to showcase some pieces that are in desperate need of restoration,” said Lobkowicz. An example of these royal NFTs will be an animated collector’s item. It depicts the degradation and renovation of a panel of sgraffito of Hercules at Nelahozeves Castle.
The young Czech prince believes the NFTs are the future. “I can see NFTs as a new frontier,” Lobkowicz said. He also says this new venture is a way to connect with a younger audience.
As mentioned above, along with the NFT collection, there will be a conference on the topic of NFTs. Lobkowicz also invited several artists to sell NFTs with half of the proceeds for restoration.
The NFT Metaverse Expands
Over the last year NFTs pushed their way into almost every industry. From sports to fashion to music and real estate, no effort is spared. Through these breakthrough collectibles, the creation of the metaverse is more of a reality.
Even some of the biggest auction houses in the world are in the NFT craze. Christie’s recently announced a “rare” NFT collection of both physical art and curio cards. Although the Lobkowicz properties are not large museums, they do resemble large institutional collections. In the U.K the British Museum recently planned its entrance into the NFT space with Japanese artist Katsushika Hokusai.
In addition, the famous Russian State Hermitage Museum has launched its own NFT collection on Binance. As NFTs become more mainstream, adoption from major cultural institutions will continue.
