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The Vatican Will Create a NFT Gallery to ‘Democratize Art’ – ARTnews

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By Shanti Escalante-De Mattei
The Vatican will debut a NFT gallery so that audiences around the world can view the art, manuscripts, and other objects held in its collection.
The project is a collaboration between Sensorium, a VR company, and Humanity 2.0, a Vatican-led nonprofit that is working toward “human flourishing,” according to its website.
Humanity 2.0 is chaired by Father Philip Larrey, a unique presence in the Holy See. Father Larrey is the Chair of Logic and Epistemology at the Pontifical Lateran University in the Vatican, the Dean of the philosophy department, and the author of a couple books on the effect of technology on modern society and the philosophical implications of artificial intelligence.

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“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 Larrey said in a statement. “The partnership with Sensorium brings this goal a step further and equips us with the latest tech solutions.”
It is expected that the gallery, which will be viewable through VR and on desktops, will be available sometime this year.
The Vatican is a repository of some of the finest art and objects in the world. The Vatican’s museum was founded in the 16th century and holds some 800 artworks, including works by artists of the Renaissance, such as Michelangelo and Raphael, as well as more modern works by the likes of Wassily Kandinsky and Vincent van Gogh.
The Vatican’s press representative claimed that the NFTs won’t be used to sell products or objects, though it is unclear what they will be used for. “The nature of this project for Humanity 2.0. is exclusively social and not commercial. Also, here NFTs don’t necessary have to come in a from of artworks, but can also include tickets and other objects,” the representative said.
Update 5/4/22 12:08 PM: The article was updated to include a quote from the Vatican’s press representative. 
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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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