3Space Art announces the launch of its groundbreaking NFT platform – Cointelegraph

3space-art-announces-the-launch-of-its-groundbreaking-nft-platform-–-cointelegraph

Singapore, Dec. 7, 20213Space Art is thrilled to announce the official launch of its groundbreaking nonfungible token (NFT) platform that facilitates the widespread use of digital art in the real world by placing it in physical spaces. It allows artists and collectors the opportunity to showcase their collections not just online but also in offline events and exhibitions.

Demand for NFTs has grown significantly in the last couple of years. New creators are entering the digital art space with an unprecedented number of unique works. However, the general population is more familiar with the physical displays of artwork than digitized art, with the digital art market restricted to online communities.

By using appropriate channels to display art physically and by organizing events and exhibitions, 3Space Art acts as a bridge delivering digital art and NFTs to the real world.

3Space Art co-founder Yoon Kim said, “The NFT trend has given opportunity and hope for artists, and a new wave of creativity and expression has entered the scene. Our goal is to not waste these beautiful creations, and allow more people to see them in their daily lives — during their commute, at work — so that they, too, can experience the change.”

The platform has three main components: the marketplace, the Art Pool and offline exhibitions.

NFT marketplace

This is 3Space Art’s primary market, where artists and vendors can sell digital art to a curated collector base using fiat or cryptocurrencies. The platform assists emerging artists with onboarding, NFT minting and marketing.

Art Pool

A protocol for artists and collectors to showcase their art at offline locations by depositing their NFTs in a smart contract pool. When they stake their NFTs in the pool, the artists and collectors give 3Space Art the exhibition rights so that it can display the artwork at online and offline events. Showcasing at offline exhibitions helps artists find new buyers. At the same time, 100% of commercial proceeds and rewards are distributed among the participating artists and collectors.

Offline exhibitions

Like physical art, NFTs have become popular decorations with emotional appeal. 3Space Art works with galleries, departments and corporate offices to stream digital art from the Art Pool to the NFT display frames in homes and offices on a monthly subscription basis. It counts among its clients art collectors and corporations looking to create a “culture complex” in offline locations.

About 3Space Art

3Space Art is a digital art platform. Artists and collectors have the opportunity to showcase their collections in offline events and exhibitions, and earn recurring revenue by staking their idle NFTs in the Art Pool. Built to be a multichain platform, it currently enables users to mint NFTs on the Klaytn and Ethereum blockchains.

For media inquiries, contact: Yoon Kim, yoon@3space.art.

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