Tezos Foundation Launches Fund to Collect NFT Creations by African and Asian Artists

The Tezos Foundation recently said it has committed $1.23 million to a fund that will be used to collect non-fungible tokens (NFTs) created by African and Asian artists. Photographer Misan Harriman has been selected as the curator of the foundation’s permanent art collection.

Scaramucci highlights key factors why crypto market will soon recover

Bitcoin hits $25K as bearish voices call BTC price ‘double top’

Supporting a New Generation of Artists

The Swiss non-profit organization, Tezos Foundation, recently said it has committed about $1.23 million (£1 million) to a fund, which will be used to collect non-fungible tokens (NFTs) of upcoming artists from Africa and Asia. The artists’ works will be curated by Misan Harriman, a renowned photographer and one of the pioneers in the making and collection of NFTs.

As per The Art newspaper report, Harriman — the chair of London’s complex of artistic venues, Southbank Center — will also focus on acquiring the works of artists from regions with less representation in the NFT community.

Commenting on his role as the curator of Tezos Foundation’s so-called permanent art collection, Harriman said:

As the first curator of this collection, I want to make sure the world sees the diverse voices that are making truly extraordinary work[s] with art. The Tezos Foundation Permanent Collection will support and celebrate a new generation of artists that have chosen a smart contract-enabled path to be their true selves.

Breaking Barriers in the Art World

While critics of NFTs have voiced concerns over the volatility of cryptocurrencies, proponents of the underlying blockchain technology insist NFTs will break down long-standing barriers in the art world. According to Tezos Foundation, itself an arm of the Tezos Blockchain, whilst hurdles still remain they cannot stop the growing use of NFTs.

Meanwhile, in a recently released statement, Arthur Breitman, a co-founder and early architect of Tezos, spoke of how the collection raises awareness for Web3 artists. He added: “This project, in collaboration with Misan Harriman’s talent and expertise, allows us to create a bespoke destination with the sole purpose of elevating digital artists who turn to Tezos for a sustainable way of sharing their work with the world.”

What are your views on this story? Tell us what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.