Moca museum of crypto art3/15/2023 Museum Of Crypto Art price now is $0.2222 with a 24-hour trading volume of $1,084. Museum Of Crypto Art has a circulating supply of 2,619,365 coins and a total market cap of $583,047 which ranks it at position 2222. It is using the ? algorithm and a ? coin proof type. In-person events will be held at the Kingston location, but Bell also plans on launching a virtual “rooms” feature in Somnium Space and eventually other metaverse platforms that will give artists and members the tools to curate and exhibit their own work in open-access digital worlds.Museum Of Crypto Art (MOCA) is not a mineable cryptocurrency which is first started on ?. He envisions the museum as a virtual-physical hybrid space. To access Somnium and enter the museum, visitors need to download software through Somnium’s website, ensuring that their device meets the requirements, before creating an avatar and accessing the virtual galleries.īell is also building the museum’s real-life home in a 19th-century church he purchased in Kingston, N.Y. The museum has a fixed supply of 10 million tokens, which currently trade at around $3.īoth collections are displayed on the virtual platform Somnium Space. Holders of MOCA Coin can actively vote on the curatorship of the museum. Sales of the MOCA Coin are how the museum makes its money. Other high-profile artists included in the collection are Dmitri Cherniak, whose average NFT sales clock in at almost $100,000, and xcopy, whose earliest NFTs have sold for as much as $6 million apiece.īell says his role is to “give everybody their place in history and prove that they were here before the gold rush, and really helped push the snowball down the hill to become the avalanche.”Īrtists become members of the community by giving the museum their art in exchange for the museum’s own cryptocurrency, known as MOCA Coin. That includes early work by the artist Beeple, who famously sold an NFT for $69 million at a Christie’s auction in March 2021, and Pak, who is currently the world’s highest-selling NFT artist, according to cryptoart.io. Some of the artists whose work is in the Genesis collection have gone on to incredibly successful NFT careers. It only includes NFTs that were minted before December 2020, which the museum calls “the earliest etchings on the blockchain.” The museum consists of two separate collections: the Genesis collection, which houses over 200 NFTs minted by the very first NFT artists, and the Community collection, which consists of over 5,500 NFTs donated by community artists.īell personally donated 150 NFTs to the Genesis collection. holdings, and had worked in developmental finance and investment banking before that. At the time, he says he was working as a wealth manager, taking care of a foreign family’s U.S. From banking to NFT art collectingīell began dabbling in cryptocurrency in 2017 when he first bought Ethereum. “I am prepared, I think, for a cataclysmic market crash,” Bell said. “This means the foundation has mandated never to sell it, so we really just kind of remove ourselves from the markets.”Īnd while Bell has big ambitions for his museum and NFT art, he’s not as optimistic about the future of the NFT art market, at least in its current form. “We are mandated to tell the stories of the artists and the artwork that is in the collection,” Bell told Fortune. Bell prices one of his collections at around $15 million, but says he will never sell any of the pieces. Anyone with an internet connection can drop in to see the museum’s collection of nearly 6,000 unique NFT art pieces, including works from six of the 10 top-selling NFT artists in the world, according to cryptoart.io.
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