CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Worship NFT art: Vatican Museums to enter metaverse

By Daniela Ešnerová


Updated

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.

ETH/USD

3,122.45 Price
+4.460% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

XRP/USD

0.54 Price
+1.920% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

BTC/USD

63,155.55 Price
+7.420% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

DOGE/USD

0.15 Price
+14.940% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

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

What is your sentiment on MANA/USD?

0.45914
Bullish
or
Bearish
Vote to see Traders sentiment!

Decentraland to US Dollar – MANA/USD CFD

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.”

Meta Platforms (FB)

 

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.

Markets in this article

MANA/USD
Decentraland / USD
0.45914 USD
0.01679 +3.890%
MANA/USD
Decentraland / USD
0.45914 USD
0.01679 +3.890%
ETH/USD
Ethereum / USD
3122.45 USD
133.2 +4.460%
META
Meta Platforms Inc (Extended Hours)
452.54 USD
11.92 +2.710%

Related topics

Rate this article

Related reading

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.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 610,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading