Online Charity Auction of NFT Artwork in partnership with Shanghai Rockbund Art Museum
July – August 2021
Screenshot of Transient Eternity—101 Ignitions of Gunpowder Paintings, 2019. Courtesy Cai Studio
On the occasion of the 10th anniversary of the Rockbund Art Museum (RAM) in Shanghai, the museum commissioned Cai Guo-Qiang to create his first Non-Fungible Token (NFT) project, Transient Eternity—101 Ignitions of Gunpowder Paintings. Transient Eternity transforms the “ignition moments,” a crucial part of the gunpowder paintings, to NFT. These moments all come from the pieces Cai created during his recent Individual’s Journey Through Western Art History. This Journey includes exhibitions at the Pushkin State Museum of Fine Arts in Russia, the Prado Museum in Spain, the Uffizi Galleries in Italy, the National Archaeological Museum of Naples and the Pompeii ruins in Italy, and the Solomon R. Guggenheim Museum in the U.S.
The artwork was featured in a 48-hour charity auction on the TR Lab platform, beginning on July 14 at 9 PM (Beijing time). Half of the proceeds supported the Rockbund Art Museum’s development and digital art research programs, while the other half went to the Cai Foundation.