FTFT Capital Investments, a Dubai-based blockchain investment company, a subsidiary of the New York-based Future Fintech Group, and the Daily Art Story (DAS) Team, which operates a Metaverse NFT art platform, have signed an agreement to partner on a Metaverse-type NFT art museum platform project to integrate the high-quality art market with digital art.
Both organizations have announced plans to supply an ultra-high-definition digital art streaming service and publish world-famous paintings and works by renowned artists as ultra-high-definition NFTs.
According to reports, the recent trend in the global NFT market indicates that interest in digital artworks in the virtual world has been declining. On the other hand, the number of globally known NFT buyers collecting NFT artworks, obtainable as real-life paintings, have grown tremendously.
“We are thrilled to work with DAS, an organization that is invested in the growth and innovation of Arts. Teaming up with DAS is an exciting development for our establishment; the platform will revolutionize how arts are seen globally.”
Following the significant expansion of the art-tech market in the form of financial technology based on high-priced artworks by prominent artists, both entities are leveraging NFT to expand and collaborate on NFT art-tech solutions.
“Visitors will be fascinated with over 10,000 high-quality, thoroughly verified, certified, and secured copyright artworks provided by more than 200 renowned artists, showcased in a realistic virtual space to express the finest details. DAS utilizes stable coin conversion and artificial intelligence trading to prevent artwork devaluation and crypto risk. DAS’s “Own to Earn” provides stable profits from holding transactions and sharing NFTs in reality,” said Mr. Peter Park, Director of DAS.
The organizations are set to expand the reach of the Metaverse-style NFT art museum platform from Dubai, the global art market’s epicenter and the MENA region.