CREATION AND SALE OF NFTS AS ANOPPORTUNITY AND CHALLENGE FORCONTEMPORARY MUSEUMS

Abstract

NFT gained widespread popularity in 2021, andworld museums are the ones that have taken an interestin it. It was due to the financial problems caused by theCOVID-19 pandemic. Creating an NFT of the museumsartwork and its sale is to be one of the solutions. In thispaper, the Author analyses challenges and opportunitiesregarding the creation and sale of NFTs by museums inthe eyes of Article 9 of the Act on Museums. This artilesemphasizes selected opportunities and challenges, suchas the instability of the value of cryptocurrency, viewersinterest in NFTs, the correlation between the ownership ofan NFT and the museums artwork, and, last but not least,the equipment and staffing requirements. Before makingthe final decision, museums would have to face them. Thepenultimate part of the paper includes Polish museumprofessionals opinions on this topic.