House of Lobkovic restores Czech industry financed by NFTs
Thanks to NFT, a Czech noble family, the House of Lobkowicz, has unveiled and reinstalled more than 50 priceless works of art in their exhibition spaces in the Czech Republic. In October 2021, they created and displayed Lobkovich Collections as part of a Non-Fungible Castle event.
Due to this event and NFT sale, historical artifacts have now been recovered Now, NFT holders are receiving NFTs of the famous artwork after restoration as a thank you for their support.
House of Lobkowicz NFT helps restore priceless works of art
Interestingly, the noble family has chosen a unique approach to web3. NFTs have been critical to the restoration of the House of Lobkovich art Their aim is to engage their communities and involve them in the restoration process in the form of ‘cultural philanthropy’.
Because of this approach, they have created a community that cares about preserving culture, art and historical items. Notably, they price each NFT according to the cost of recovery.
Collection of non-fungible Castle NFTs
The House of Lobkowicz created three NFTs to make their massive recovery project possible. First, patronage was proof of NFT, whose value matches the cost of recovery. Second, digital explorations provide an insight into how digital technologies can enhance and protect the industry.
For this animation, music, X-ray and infrared helped show the House of Lobkowicz art in a new light. Finally, NFT’s third series offers a creative response to original artworks by contemporary artists.
The House of Lobkovich NFT project was a huge success, demonstrating the power of NFTs. In the future, we will see similar projects focusing on cultural philanthropy.
Historic Art and Web3 Philanthropy
The now fully restored pieces include several historically and culturally important artifacts. It includes A landscape is a wild boar (1694), A painting featured in Wes Anderson’s award-winning film The Grand Budapest Hotel (2014) and Portrait of Dona Margarita Teresa Infanta of Spain, Archduchess and Empress of Austria (1662-1664. These are now on display at the Grand Nelahojevs Castle.
Perhaps the most challenging restoration project was the Chinese Belvedere. This is a room in the Lobkowicz Palace that features elaborate murals and art from 1906.
What’s next for House of Lobkovich NFTs?
Due to the success of the Non-Fungible Castle experiment, a new project is planned to bridge the gap between the traditional art world and web3.
Furthermore, thanks to the NFT collection, there is now a clear example of NFT recovering valuable art that others can use.
Moving forward, the House of Lobkowicz will “aim to explore how they can rediscover, share and preserve cultural identity using blockchain technology.”
The second edition of Non-Fungible Castle will be held on 4th-5th November Additionally, Lobković Palace in Prague Castle will host a free NFT exhibition from October 27 to November 14.
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