May 18, 2021, | AtoZ Markets- A physical showroom for nonfungible tokens is set to open in Riga, Latvia, where NFTs of street art from around the globe will be put on display
Let us remember that NFTs are a technology applies mainly to objects of art. This technology is mainly based on the cryptocurrency Ethereum, launched in 2015, which allows the development of smart contracts on its blockchain.
A physical showroom for nonfungible tokens is set to open in Riga, Latvia, where NFTs of street art from around the globe will be put on display.
The gallery is being launched by Kiwie 1001, an NFT project born from the Latvian street art collective of the same name.
The lead business strategist at Kiwie 1001, Kristaps Vaivods, said hosting the tokens in a physical location would also help spread awareness of NFTs while allowing artists to get noticed.
“While NFTs have quickly jumped into the mainstream, there is still a lot more work left to be done to inform the public on their benefits and applications,” said Vaivods.
“We’ve launched the NFT showroom to help other artists get noticed and spread awareness of this new artistic revolution. NFTs open many doors in terms of creative ways of defining ownership where it used to be impractical, and they allow smaller artists to make a living without necessarily catering to large collectors,” Vaivods added.
Need Ethereum to buy NFT? Open a live account with AtoZ Markets approved crypto exchanges:
Let’s Talk About Kiwie 101
First KIWIE fat monster was painted back in year 2006 as a prototype for a real-life street art game concept on Riga-city walls.
Multiple sausages were “hidden” around the city and a monster like creature was on a quest to find all these sausages to eat them.
To this day, over 1000 KIWIE monsters have been painted on walls and other objects.
KIWIE is one of the first street artists in Latvia, who has based his artistic style on a multiform repetition of one specific image—Kiwie monster character, gaining recognition among artists not only in Latvia, but also abroad.
KIWIE is mixing street art with product, graphic, and fashion design in the bowl of contemporary art. The funny, usually smiling, pudgy critter on the walls and the streets all over the world is alive from 2005.
What Is NFT
Non-fungible tokens (NFTs) are a class of cryptocurrency assets in which each item, or token, is entirely unique. In the simplest terms, NFTs transform digital works of art and other collectables into one-of-a-kind, verifiable assets that are easy to trade and track on the blockchain.
What is KIWIE 1001 NFTs smart contract address?https://etherscan.io/address/0xa9b2d27fd81cb0a5195b5974a83cdcbde5db1af9#code
KIWIE 1001 NFTs will be ERC-721 standard tokens, this means you will need an ETH wallet to store them and bid on them.
You can create one using https://www.myetherwallet.com/ or https://metamask.io/ .
Should you trade cryptocurrencies on your own at all?
Before you start trading cryptocurrencies, you'll want to read this.
Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.
His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.
Want to see which ones?