HOFA Gallery celebrates its tenth anniversary on 11 November 2022 by launching HOFA DAO – London’s first-ever decentralized, blockchain-powered group of up to date artwork collectors, aiming to make international artwork funding extra accessible.
To mark the event, HOFA may also launch HOFAVERSE, a brand new interactive multi-user Metaverse expertise at their Mayfair flagship gallery house on 10 November, 6 pm – 9 pm (GMT).
Partners are Morningstar Ventures and the DAO, membership NFT passes are solely bought on Magic Eden’s new launchpad.
(*11*)Press Release
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Oct 26, 2022 19:00 BST
LONDON, England, October 26, 2022 (Newswire.com)
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Founded in 2012, pioneering worldwide modern artwork gallery HOFA Gallery will have fun its tenth anniversary on 11 November 2022 by launching London’s first ever decentralized, blockchain-powered group of up to date artwork collectors known as HOFA DAO (Decentralized Autonomous Organisation).
HOFA DAO’s new artwork community-led organisation will permit its members to make all choices relating to the governance of their artwork portfolio, akin to voting for new acquisitions. HOFA’s imaginative and prescient is to make investing in modern artwork open and accessible to all by utilizing Blockchain know-how. It is a pure subsequent step for an organization that has a powerful file in creating accessible artwork experiences throughout modern artwork and blue-chip investments.
HOFA Co-founder Elio D’Anna says in regards to the HOFA DAO, “Whilst the NFT digital collectibles market has declined in the last 10 months, we have seen a 20% increase in collectors investing in physical assets via the use of NFT authentication and blockchain technology. That’s the unique aspect of the HOFA DAO; membership is obtained via NFT passes giving access to investment-grade physical artworks. So, the collector benefits from the dual security of the blockchain with the stability of the traditional art market.”
He provides, “This is the new beginning to HOFA’s second decade of pioneering art experiences.”
The founding artist members are 100 extremely chosen international artists and the $3,000,000 portfolio consists of works by blue-chip artists like Daniel Arsham and Invader, in addition to established and rising modern artists akin to Jan Kaláb, Zhuang Hong Yi, Ilhwa Kim and bio-generative artist Agoria.
The first concern of 1,111 (of three,333) HOFA DAO NFT membership passes is offered on 11 November at 3 pm (GMT), every valued at $250 and obtainable by Magic Eden’s Ethereum Launchpad, purchasable with crypto, Apple Pay and all main bank cards.
Members will take pleasure in fractional possession of the tokenised portfolio, and earnings from auctions and month-to-month gross sales will occur on-chain and be distributed by way of sensible contracts, making certain transparency throughout the ecosystem and its cryptocurrency ARTEM Coin. Other membership advantages embrace VIP entry to exhibitions, artwork gala’s, early releases and entry to HOFAVERSE, a brand new interactive multi-user Metaverse VR gallery.
Jack Lu, CEO and Co-Founder of Magic Eden, says about partnering on the HOFA DAO undertaking, “At Magic Eden, we are constantly seeing the NFT space evolve. The trend for blockchain technology’s use in securing tangible assets is rapidly growing and we’re excited to bring HOFA DAO’s inaugural portfolio of masterful artworks come to market through Magic Eden’s world-class Launchpad.”
Danilo S. Carlucci of Morningstar Ventures says about investing within the HOFA DAO, “Since at Morningstar Ventures we are increasingly investing our resources in establishing new NFT-related ventures, partnering with HOFA on this DAO project allows us to explore new use cases. The marriage between art and web 3 is here to stay, and we are just getting started to see new ideas and concepts coming to fruition.”
Press preview 10 November 2022, 9 am – 2 pm. RSVP: [email protected]
London pre-launch occasion at HOFA Gallery unveiling HOFAVERSE together with London Crypto Week by TOKEN2049 on 10 November 2022, 6 pm – 9 pm. RSVP
HOFA DAO NFT membership passes launch on Magic Eden’s Ethereum Launchpad on 11 November at 3 pm (GMT).
ENDS
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Source: HOFA Gallery
