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Tezos will commit £1m to creating a permanent NFT collection

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The Tezos Foundation, the Swiss non-profit arm of the Tezos blockchain, launches £1m fund to collect NFTs by African and Asian artists. Misan Harriman, the first Black photographer to shoot a British Vogue cover, has been entrusted with the collection—which launches as cryptocurrency markets plummet in value.

According to The Art Newspaper, the collection—which is to take the form of a digital art gallery launching this summer and hosted on the foundation's website—is initially being managed by the British photographer Misan Harriman, who is the chairman of the Southbank Centre in London. He will focus on acquiring works by "up-and-coming" artists from Africa and Asia, regions that are "underrepresented" in the NFT community, according to a press release.

"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. As the first curator of this collection I want to make sure the world sees the diverse voices that are making truly extraordinary work with crypto art. We will be the custodian for this new community of creatives"

Misan Harriman

Tezos confident that NFTs will break down significant barriers in the art world. Speaking to the difficulty currently faced by NFT creators in a number of Asian and African countries, including India and China, whose governments have placed restrictive laws around the trading of cryptocurrency, Reid Yager, Tezos ecosystems' global director of communications, says: “While the NFT art movement has lowered barriers to entry for artists and other creatives across the globe and ushered in a new medium for the art world, hurdles to adoption such as regulatory and useability concerns remain, and access to cryptocurrencies that power NFTs is fragmented."

"But rest assured, artists, anywhere in the world, are able to create, mint, and sell NFTs freely. And part of this is because of the unique artist community that supports each other at a grassroots level—actively helping each other to navigate this new medium”

Reid Yager, Tezos ecosystems' global director of communications
art collection Misan Harriman NFT project Tezos The Tezos Foundation
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