The Museum of Modern Art (MoMA) Enters the World of NFTs For the First Time

The Museum of Modern Art (MoMA), a renowned global art institution, has ventured into the realm of NFT ownership. This week, they made a historic announcement by disclosing their acquisition of two NFT artworks for their private collection, marking their entry into this new digital art domain. MoMA added ‘Unsupervised – Machine Hallucinations,’ a tokenized masterpiece created by the innovative NFT artist Refik Anadol, to its collection. The second NFT originates from an art collection known as “3FACE,” created by Ian Cheng.

Anadol’s ‘Unsupervised’ exhibition is a groundbreaking endeavor at MoMA that reimagines more than two centuries of art using AI. Employing a cutting-edge machine-learning model, he crafts a one-of-a-kind masterpiece that seamlessly incorporates elements of light, motion, sound, and external environmental factors, all of which are presented on an expansive media wall to create an immersive and captivating experience.

Anadol has already earned international acclaim for his innovative media projects, with highlights including ‘Machine Hallucinations: Sphere,’ the world’s largest AI artwork, showcased on the colossal 580,000-square-foot Sphere in Las Vegas.

This marks a significant milestone, as the conventional art world has officially acknowledged NFT art as a novel category within digital art. It has the potential to trigger a shift in how NFTs are perceived by the art community going forward.

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