Over the last several years, the crypto industry has been having a great number of highly successful trends. It started with DeFi, followed by the NFTs, and now, it is in the middle of starting a brand new one — the metaverse. So far, the metaverse seems to be the biggest and most ambitious one, as well as the one that has the biggest impact on the future of the internet and online interactions.
But, one thing to note is that each of these trends is getting tied to different industries. So. DeFi got closely tied to digital finances, NFTs to digital collectibles, and the metaverse seems to be getting closely connected to the digital artwork. This potential has attracted developers that are now creating projects such as ArtMeta.
What is ArtMeta?
ArtMeta is a brand new metaverse project, recently launched on TrustSwap, on December 18th, 2021. The project was hoping to raise $750,000. However, due to massive interest, the IDO was oversubscribed by 1,045%. It ended up quickly raising $750 thousand, but the overall demand was at $7.8M.
A similar thing happened during the Polkastarter IDO, held on January 27th, when the project attracted more than 15,000 participants.
The project aims to revolutionize the way art is presented and bought in the digital world. It is developing a premium, high-quality Metaverse that will allow artists, as well as art galleries, to rent virtual land and spaces. In doing so, connecting artists and top-ranking galleries with art collectors and making it easier than ever for potential customers worldwide to view and purchase fine art if so desired.
Of course, since all art pieces will be presented in their digital form, that means that all physical art pieces will be tokenized, and presented in the galleries in the form of NFTs. That way, millions of people from all corners of the world will be able to see the artwork and purchase them at any time and instantly become their rightful owners.
And, since everything will be recorded on blockchains through the use of smart contracts, their ownership will never be brought into question, as long as they do not sell the unique NFT that corresponds to the art piece in question.
ArtMeta’s Mystic city
If you are having trouble visualizing the metaverse, there are a few things that we can tell you about what it will look like that might help. For example, ArtMeta’s metaverse will offer a hyper-realistic, beautifully rendered digital world that will bring a unique paradigm for art sales. As for what it will actually look like, it is a mystic city located on an island filled with museums, art galleries, and concerts. This imaginary city was originally conceived by painter Jonathan Delachaux, in collaboration with Romain Donnot — a DI specialist and digital/visual effects artist.
The mystic city was their idea, but ArtMeta is turning it into a digital reality, making it fully photo-realistic and digital. The city is indeed quite beautiful, and all of its doors will be open to users wishing to visit endless spaces, outdoors, indoors, and participate in high-end exhibitions and various pop-up events that the project will be organizing.
The project is developing under the leadership of Roger Haas, its CEO, who used to lead a museum foundation in Switzerland. Haas also founded a world-class art gallery, which is what made him a prominent voice in the contemporary art world.
Reaching millions of art enthusiasts
Thanks to this project, its vision, and the combination of technologies that it uses, there is great potential to boost the art industry and make it bigger than ever before. Obviously, the art industry is huge as it is, but there is still room for it to grow, and thanks to ArtMeta, it is quite likely that it will, and by quite a bit.
This is due to the fact that the project will be solving a number of problems that have been holding the industry back. One example is allowing artists with access to digitizing tools to be able to turn their physical artworks into NFTs in order to capitalize on and participate in an entirely new and exciting ecosystem. Instantly, creators will be able to present their art to millions around the world. Of course, artists are, for the most part, not going to have a tech background that will let them make NFTs with ease, but the project had that in mind also, which is why it ensured that creating art-based NFTs will be easier than ever before.
The metaverse will have a huge impact on the world of art
The ArtMeta metaverse will help both artists and galleries wishing to capitalize on the opportunities provided by these cutting-edge technologies to invite the whole world to experience great contemporary art like never before. Thus making fine art accessible in terms of viewership and providing access to a global scale platform currently taking the market by storm. Thanks to the constant developments made within the DeFi and GameFi industries we now have a project bringing forth a unique solution on how to apply advanced technologies to further empower and encourage creators.