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Worship NFT art: Vatican Museums to enter metaverse

By Daniela Ešnerová


An illustration of a virtual NFT gallery
The Vatican’s virtual gallery will artworks by 250 artists, including Salvador Dali, Pablo Picasso, and Michelangelo. – Photo: ShutterStock

Soon, art worshippers will not have to travel to the south of Italy to enjoy the Vatican’s collection of iconic artworks.

Devotees of Salvador Dalí, Pablo Picasso, Michelangelo and others will merely have put on a virtual reality (VR) headset to view their masterpieces. Metaverse company Sensorium will work with non-profit Humanity 2.0 on the development of the first-ever VR and non-fungible token (NFT) gallery hosting the Vatican’s art, content, and academic initiatives. 

Humanity 2.0 is chaired by Father Philip Larrey, dean of philosophy at the Pope’s University (Pontifical Lateran University) in Vatican City.

“We look forward to working with Sensorium to explore ways to democratize art, making it more widely available to people around the world regardless of their socio-economic and geographical limitations,” Father Philip Larrey said in a statement.

“The partnership with Sensorium brings this goal a step further and equips us with the latest tech solutions.”

First opened in the 16th century, the Vatican Museums are among the most popular in the world, attracting more than six million visitors per year. The museums' priceless art ranges from the Renaissance and classicism, to post-impressionism and surrealism.


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Altogether, 250 famous artists will be showcased in the metaverse, the next generation of the internet.

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Metaverse: From Fashion Week to Holy See 

The concept of the metaverse – a catch-all term for VR, augmented reality, and immersive virtual experiences – really started to take off last autumn, after Mark Zuckerberg announced that he would rebrand his company from Facebook to Meta Platforms (FB) and presented his vision for a future in which people will have “the possibility to have high-quality social experiences in a high-quality 3D environment.”

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Companies aboard the metaverse

Since then, a number of high-profile companies, including cryptocurrency developers and traditional business operators, have looked to move into the metaverse.  In March, Decentraland (MANA), a decentralized virtual platform powered by Ethereum (ETH), hosted Metaverse FashionWeek.

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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