Title:

Toledo Museum of Art becomes first major museum to acquire artwork using cryptocurrency.

Link:

https://www.artsy.net/article/artsy-editorial-toledo-museum-art-first-major-museum-acquire-artwork-cryptocurrency

Description:

The Toledo Museum of Art (TMA) has made a historic purchase with the acquisition of the digital artwork Abyssinian Queen (2024) by the Ethiopian artist collective Yatreda ያጥሬዳ. This transaction marks the first time a major museum has used cryptocurrency to buy an artwork. The purchase was made using USDC (a stablecoin pegged to the U.S. dollar), which will be transferred on the Ethereum blockchain.

Publisher:

Artsy

Publishing Date:

2024-11-18

Author:

Maxwell Rabb