Open Forum

Hello everyone.  Any feedback on this topic would be greatly appreciated.  What do you think of a museum having a program to further its mission that enabled it to rent out a piece of art or valuable through digital tokens, ie: NFTs, whereby the NFT purchaser would be making a donation to the museum for exclusive rights for a pre-determined time to that piece in exchange for a tax deduction.  By exclusive rights, that could include rights to the image (if owned by the museum), exclusive parties with the art piece/s, rights to use the image as part of an AI algorithm or digital artwork project, etc.  The responsibility of the art object is maintained by the museum.  What challenges would a museum face with such a model?  Since there is no deaccessioning occurring, the funds from this subscription service could be used for any means that the museum sees fit. Thank you.

Hello everyone.  Any feedback on this topic would be greatly appreciated.  What do you think of a museum having a program to further its mission that enabled it to rent out a piece of art or valuable through digital tokens, ie: NFTs, whereby the NFT purchaser would be making a donation to the museum for exclusive rights for a pre-determined time to that piece in exchange for a tax deduction.  By exclusive rights, that could include rights to the image (if owned by the museum), exclusive parties with the art piece/s, rights to use the image as part of an AI algorithm or digital artwork project, etc.  The responsibility of the art object is maintained by the museum.  What challenges would a museum face with such a model?  Since there is no deaccessioning occurring, the funds from this subscription service could be used for any means that the museum sees fit. Thank you.

Hello everyone.  Any feedback on this topic would be greatly appreciated.  What do you think of a museum having a program to further its mission that enabled it to rent out a piece of art or valuable through digital tokens, ie: NFTs, whereby the NFT purchaser would be making a donation to the museum for exclusive rights for a pre-determined time to that piece in exchange for a tax deduction.  By exclusive rights, that could include rights to the image (if owned by the museum), exclusive parties with the art piece/s, rights to use the image as part of an AI algorithm or digital artwork project, etc.  The responsibility of the art object is maintained by the museum.  What challenges would a museum face with such a model?  Since there is no deaccessioning occurring, the funds from this subscription service could be used for any means that the museum sees fit. Thank you.

Hello everyone.  Any feedback on this topic would be greatly appreciated.  What do you think of a museum having a program to further its mission that enabled it to rent out a piece of art or valuable through digital tokens, ie: NFTs, whereby the NFT purchaser would be making a donation to the museum for exclusive rights for a pre-determined time to that piece in exchange for a tax deduction.  By exclusive rights, that could include rights to the image (if owned by the museum), exclusive parties with the art piece/s, rights to use the image as part of an AI algorithm or digital artwork project, etc.  The responsibility of the art object is maintained by the museum.  What challenges would a museum face with such a model?  Since there is no deaccessioning occurring, the funds from this subscription service could be used for any means that the museum sees fit. Thank you.

Hello everyone.  Any feedback on this topic would be greatly appreciated.  What do you think of a museum having a program to further its mission that enabled it to rent out a piece of art or valuable through digital tokens, ie: NFTs, whereby the NFT purchaser would be making a donation to the museum for exclusive rights for a pre-determined time to that piece in exchange for a tax deduction.  By exclusive rights, that could include rights to the image (if owned by the museum), exclusive parties with the art piece/s, rights to use the image as part of an AI algorithm or digital artwork project, etc.  The responsibility of the art object is maintained by the museum.  What challenges would a museum face with such a model?  Since there is no deaccessioning occurring, the funds from this subscription service could be used for any means that the museum sees fit. Thank you.