The Museum of Modern Art in New York is considering spending $70 million to acquire NFT-related artworks

According to Chain Catcher news and reported by Coindesk, the Museum of Modern Art (MoMA) in New York is considering using part of the proceeds from the auction of William S. Paley's art collection to purchase NFTs. Museum director Glenn Lowry stated that since the museum's visitor numbers significantly declined during the pandemic, its phased goal is to expand the museum's influence in the digital art field. The museum has a team closely monitoring the digital art market and is considering purchasing digital art related to NFTs. (Source link)