Bitbasel Bazaar Brings NFT Art to Life during NFT NYC at Ideal Glass Studios | November 1st - November 4th.
November 4th, 2021 from 6 – 8PM
Location: Ideal Glass Studios
9 West 8TH Street, Ground Floor New York, NY 10011
Bitbasel Bazaar Brings NFT Art to Life during NFT NYC at Ideal Glass Studios in a collaboration with Moca (Museum of Crypto Art) and Kate Vass Galerie.
“The NFT industry was a craze this year! It’s a pivotal time for industry leaders to connect in NYC at NFT NYC, the most well-known NFT event of the year.”
Bitbasel will present “Bitbasel Bazaar'' NFT Crypto Art show during “NFT.NYC”, the largest NFT event of the year. From November 1st-4th. Bitbasel Bazaar will showcase various mixed media in collaboration with The Museum of Crypto Art(MOCA), Kate Vass Galerie and Salomon Arts Gallery.
“The goal of this event is to bridge traditional and digital crypto arts and demonstrate why using blockchain technology will create a new way to reduce content piracy, improve the distribution of royalties, and most importantly, “democratize oversight of digital assets” ” -Bitbasel
The NFT market has captivated global audiences in the last 24 months and disrupted the international art world market. Established mixed media artists are facing harsh economic circumstances due to the Covid-19 pandemic resulting in dwindling opportunities to showcase/sell their work in-person and at physical galleries around the globe. NFT’s have created a new industry for artists to distribute their artworks during these times. We strongly believe in inclusivity and a prosperous place for artists and galleries in the digital NFT universe.
“Education and mainstream adoption is our goal, as well as bridge the gap between all forms of art, digital identities, and the new virtual world, known as the metaverse.”
A brief history of NFT’s… NFTs (nonfungible tokens) first entered the spotlight with the launch of CryptoPunks, the world’s first “rare digital art” marketplace, in October 2017.
Fast-forward to 2021 – now more than 50,000 to 150,000 NFTs change hands weekly over the top marketplaces such as Opensea, Nifty Gateway, and SuperRare. 2021 was the year that ignited the fire of crypto art, NFT’s and the final goal of creating the ultimate Metaverse.
Over $2 billion was spent on NFTs in Q1 of 2021— a 2100% increase from Q4 of 2020 (reported by nonfunglible.com).
DappRadar estimates that NFTs generated $1.2 billion in July 2021 alone; more than half of the cumulative $2.5 billion volume seen in Q1 and Q2 of 2021. To break it down further, the daily trading volume on the OpenSea NFT marketplace surpassed $49 million on Aug. 1.
You won’t want to miss this NFT NYC experience.
Reserve your spot today: EVENTBRITE LINK or reach out to info@katevassgalerie.com for any enquiries.
https://news.crunchbase.com/news/nft-outlook-2021/