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Non-replaceable tokens (NFTs) that used to breathe only in digital wallets such as "metamask" and "clip" are coming out of the world.
Recently, Samsung Electronics unveiled a smart TV that can trade and appreciate NFTs at the world's largest IT and home appliance exhibition 'CES 2023' held in Las Vegas, USA. LG Electronics' NFT art platform 'LG Art Lab' service received the CES Innovation Award this year.
Thanks to this trend, ordinary furniture and Venue are also making various attempts to display NFTs through displays and link them with real works. Examples include projects such as "The Third Space," which handles NFTs specializing in art works, and "Verdissage," which advocates a museum created by the art community.
The third space "One household, one media month era is coming...Demand for NFT appreciation will increase."
The third space is the exhibition scene/photo = the third space at Yongsan I'Park Mall
The third space, an NFT marketplace specializing in art works, collaborated with large companies such as HDC Hyundai Business Development and LX International and held several NFT exhibitions offline.
The third space is operated in the form of an open platform that distributes the profits generated by exhibiting with large companies in the form of monthly subscriptions when the artist deposits his digital works in the art pool on the platform. This year, we will launch a more personalized service.
Kim Yoon-soo, CEO of the third space, said, "There will be an era of one media wall per household where media walls of 24 inches or more are installed in each household," adding, "We will sign a contract with a construction company to supply NFTs for art works to media walls in new apartments."
Proposed supply of new apartment works/photo = 3rd space
"Small displays installed on the front door are becoming larger," he said. "I understand that several construction companies, including HDC, Hyundai Engineering & Construction, GS Engineering & Construction, and Hyosung, are planning to install displays of expanded size in new apartments."
"As an extension of the smart home and advanced strategy, there will be an increase in demand to display artworks on the display," he said. "We expect displays to be distributed from 2025 to 2026."
The third space currently only deals with pure digital art. This is because the distribution structure of real works and classical masterpieces is complicated due to copyright issues. On the other hand, in the case of digital art, all proofs, transactions, and profit distribution can be made online without an intermediary through the original proof of the file.
"We will bring blockchain into real life through the role of middleware that connects web2 infrastructure and web3 content," CEO Kim said. "Ultimately, we want to develop the technology to the level of automatically providing NFTs tailored to individual tastes to the display."
The art museum Verdisage using a real-life 'PBT' chip
Verdissage is an art work membership club that advocates "a museum created by the art community."
Seo Sang-won, CEO of Ye Labs, and Park Jong-wook, co-CEO of Verdisage, are operating together and linked NFTs with real art works through Physical Backed Token (PBT). PBT is a concept first proposed by Azuki, a global blue chip NFT project, and can prove ownership by connecting a smartphone to the real thing.
Proposed supply of new apartment works/photo = 3rd space
"Small displays installed on the front door are becoming larger," he said. "I understand that several construction companies, including HDC, Hyundai Engineering & Construction, GS Engineering & Construction, and Hyosung, are planning to install displays of expanded size in new apartments."
"As an extension of the smart home and advanced strategy, there will be an increase in demand to display artworks on the display," he said. "We expect displays to be distributed from 2025 to 2026."
The third space currently only deals with pure digital art. This is because the distribution structure of real works and classical masterpieces is complicated due to copyright issues. On the other hand, in the case of digital art, all proofs, transactions, and profit distribution can be made online without an intermediary through the original proof of the file.
"We will bring blockchain into real life through the role of middleware that connects web2 infrastructure and web3 content," CEO Kim said. "Ultimately, we want to develop the technology to the level of automatically providing NFTs tailored to individual tastes to the display."
The art museum Verdisage using a real-life 'PBT' chip
Verdissage is an art work membership club that advocates "a museum created by the art community."
Seo Sang-won, CEO of Ye Labs, and Park Jong-wook, co-CEO of Verdisage, are operating together and linked NFTs with real art works through Physical Backed Token (PBT). PBT is a concept first proposed by Azuki, a global blue chip NFT project, and can prove ownership by connecting a smartphone to the real thing.
Verdisage Platform Xian/ Photo = Verdisage
Verdisage plans to expand the art community by gathering collectors, starting with Plaza Venue to Seoul. After that, the goal is to establish a museum where collectors can display their works in real life and metaverse.
Co-CEO Park said, "Exhibition through the museum is the best way to prove that I am a good collector," adding, "Building a Korean museum that can share good works stored only in private homes or collections will be a great cultural strength."
