Metaverse is helping the art sectors that the global pandemic has impacted. Several galleries were shut down following the impact of COVID-19. However, ArtMeta has announced that the artists can now showcase their incredible works in virtual worlds. According to Statista, the art market was priced at $50 billion, a $14 billion drop from the previous year. In addition, world art sales transactions declined from forty million in 2019 to thirty-one million in 2020. Artists required another to survive, and there came NFTs.
Metaverse is altering social interaction
The Metaverse may be a huge virtual world that will alter social interaction, shopping, gaming, and different activities. With a spotlight on NFTs, the Metaverse creates a digital economy where companies, influencers, brands, and users participate. The driving factors for the metaverse hoopla are NFTs and the undeniable fact that it’s decentralized.
ArtMeta emerged as a platform for ancient artists and galleries, with a mission to bring them into the Metaverse. As a displayed answer and group action platform, artists and galleries will leverage the tools to participate in the market. Galleries can produce their distinctive areas in the Metaverse with their artists, showcasing art in a new way, out of the bounds of ordinary gallery walls.
MART tokens will serve as a medium of exchange
ArtMeta commands IDOs for their MART token on TrustSwap and PolkaStarter, in December 2021 and Jan 2022, respectively. This token is a medium of exchange within the Metaverse, specifically for rental land, and similarly unlocks exclusive access inside the Metaverse on live events and NFT drops.
The launch of MART is going to be followed by listing the token on centralized and decentralized exchanges. These events are scheduled for Q2 2022.
The team is presently acting on the alpha version development of the Metaverse, onboarding Tier-1 galleries and artists, and hosting NFT events and exclusive releases. Finally, the beta version of the Metaverse is going to be launched in 2023.
COVID-19 showed the true utility of Web3.0
The pandemic created several artists who understand the ability of blockchain technology and, therefore, the urgency to determine their presence within the digital world. However, many lack the elemental data to urge started. Ancient art galleries also are lost in the irresistibly fast digital landscape and wish to facilitate adapting to the multi-billion greenback NFT market.
Source: https://www.thecoinrepublic.com/2022/04/09/metaverse-will-now-have-traditional-galleries/