3Space Art is enabling NFT owners to now show off their digital art in their homes, offices, and offline galleries as well as exhibitions. It has been achieved by acting as a bridge between the real world and digital art and NFTs.
3Space Art, the South Korean blockchain and Metaverse ecosystem rolled out its new NFT as a subscription service to take internet collectibles beyond just online communities, making it possible for people to decorate their spaces with digital art.
Digital artworks powered by NFTs will be displayable in the real world, such as galleries, museums, homes, signage, TVs, kiosks, and other locations.
A Virtual Meet-up Destination for Buyers & Collectors
3Space Art describes itself as a virtual gathering place for buyers and collectors to work towards the common goal of making digital art more accessible in the real world. Here, artists and collectors of digital items are encouraged to share their unique works and attract audiences outside the virtual world.
It is why the 3Space team is working with various offline venues and event organizations to attract a wider audience, including those unfamiliar with the crypto and NFT space. It is also making it easy for this crowd that does not know about crypto to purchase the digital art they like through credit cards and fiat currency.
In addition, customers can scan the QR code to buy that piece of art and display it in their homes or offices.
3Space Art comes with an NFT marketplace where anyone can purchase digital artwork as NFTs. These NFT collectors, as well as creators, can then stake their NFTs in the Art Pool for rewards in the form of PACE tokens.
The Explosive Growth
NFTs or non-fungible tokens are digital assets that document the ownership of items like images, videos, and other collectibles on the blockchain. It basically allows, for the first time ever, provable ownership over digital items.
In 2021, NFTs took the crypto industry by storm, with everyone from celebrities, global brands, companies, and even countries joining the NFT trend by either buying one or launching their own collections.
The NFT market generated more than $23 billion in trading volume in 2021, according to crypto data platform DappRadar.
The rise of the NFT-based play-to-earn (P2E) game Axie Infinity played a vital role in this growth. Profile Picture (PFP) NFTs were another driver behind the explosion of NFTs, especially the resurgence of CryptoPunk and Bored Ape Yacht Club NFTs. PFP NFTs became a “flex” and a form of digital status due to their scarcity and popularity.
NFTs have gained mainstream adoption this year, with legacy auction houses Christie’s and Sotheby’s debuting NFT auctions and accepting cryptocurrency as payment. It was followed by renowned brands including Visa, Adidas Originals, Pepsi, McDonald’s, and Time Magazine joining the NFT space and forming partnerships.
While NFTs have been sold for millions of dollars, towards the end of 2021, the metaverse hit the NFT space through digital collectibles and wearables in virtual environments.
NFTs are now everywhere and expected to only grow heading into 2022 on the back of a record year.