The non-fungible token (NFT) boom of 2021 has swept digital artists like Beeple, Pplpleasr and FEWOCiOUS from obscurity to stardom, and seen the traditional art world grappling with how to present NFT artwork to its audience.
Now, photo editing and design software manufacturer Pixlr is bringing its extensive expertise and its 500 million strong global community to bear, with plans to create a decentralized art museum of NFTs named Pixlr Genesis. The ambitious goal is to rival the likes of the Louvre, MOMA, and the National Gallery, but in the virtual world known as the metaverse.
A museum for the metaverseThe metaverse is being tipped by everyone from Facebook CEO Mark Zuckerberg to Chinese tech giant Tencent as the next evolution of the Internet: a vast digital arena in which users interact through digital avatars, stuffed with opportunities to build, collaborate and socialize.
"Pixlr Genesis aims to become the largest decentralized art museum on the metaverseâto connect both artists and art connoisseurs worldwide effortlessly," Warren Leow, Group CEO of the design ecosystem Inmagine, told Decrypt.
Beginner's Guide to NFTs: What Are Non-Fungible Tokens?Pixlr has plenty of experience working with bleeding-edge technology such as NFTsâcryptographically unique tokens that prove ownership of content such as digital artwork. The freemium photo editing and design software launched in 2008, and was acquired by popular stock photo agency 123RF, going on to become one of the first platforms to use the transformative power of AI and machine learning in photo imaging.
"Pixlr Genesis aims to become the largest decentralized art museum on the metaverse."Inmagine, which acquired 123RF and Pixlr in 2017, sees the Pixlr Genesis platform as an extension of its mission to empower creators by allowing them to showcase their artwork to a wider audience, he explained.
Itâs a move that captures the zeitgeist among NFT artists, many of whom have turned their backs on conventional art galleries.
âWhat can a commercial gallery do for me?â painter-turned-NFT-artist Trevor Jones asked during an interview with The Guardian recently. He went on to outline the exorbitant commissions and delayed payments common in the legacy art world.
Whatâs more, while sales of physical art sag, the first half of 2021 saw total NFT sales swell to $2.5 billion, while trading volume surged to $10.7 billion in the third quarter, as NFT-based games and art marketplaces have thrived.
Meanwhile, driven online by the pandemic, gallery owners and art dealers have struggled to make their viewing rooms lucrative and interesting enough for a technologically-savvy Gen Z audience.
Community curation and signalingTo empower its vast community of digital creatives, the new Pixlr Genesis platform is offering users 10,000 premium passes for Pixlr Genesis.
âEach Pixlr Genesis NFT pass is also a limited edition unique piece of AI-generated fine art using our proprietary algorithm,â Leow explained. And each entitles its owner to display any NFT-based art they choose in a virtual museum that he is convinced will become an increasingly valuable resource.
Experience art like never before, only at Pixlr Genesis For the full experience, visit https://t.co/bOwdEJ9c0x & join our mailing list #pixlrgenesis #pixlr #Metaverse #NFTcollection #nftcollector #NFTartists #nftcollectors #NFTCommunity pic.twitter.com/5KPQNgaoJx
â Pixlr Genesis (@pixlrgenesis) November 6, 2021
âGiven it is limited to only 10,000, the art will become more valuable over time due to community curation and signaling on what should be displayed,â he said.
There are also NFT-related toolsâto establish terms in relation to fees and royalty payments for exampleâas well as all-important networking opportunities.
Pixlr Genesis will showcase NFT art from around the world. Image: PixlrIn addition, pass holders gain access to premium NFT art drops; Pixlr Mint to easily produce NFTs across different blockchains; FAIR, a low-fee auction site to sell and monetize content and, every six months, the chance to participate in Pixlr Masterpiece, âa social experiment that creates new art from the 10,000 pieces displayed within the gallery,â said Leow.
The first 2,000 Pixlr Genesis NFT passes are released on December 1, priced at 0.3 ETH each. The price is set to increase as each of the four subsequent collections is released.
The future of NFTs in the metaverseAlthough it currently uses the Ethereum blockchain exclusively, Pixlr plans to expand to other chains including Solana and Binance Smart Chain in the future, said Leow, because NFTs are here to stay.
In fact, the traditional art world âis embracing them with gay abandon,â according to art historian and author of The Last Leonardo, Ben Lewis.
NFTs Will Be Key to Accessing the MetaverseâAnd BeyondâIf you're making digital art, now that you can to have an NFT attached to it, that establishes what the original is beyond any doubt, so itâs much more easy to verify,â and that applies to anything that can be reproduced, said Lewis, who created and auctioned his own NFT of the Salvator Mundi holding a fistful of dollar bills.
For its creators, the technology offers a revolutionary way of selling art, and a snub to the cultural gatekeepers of yoreâwhile the metaverse promises rich virtual worlds to experiment and collaborate in. And now, with the entry of established brands such as Pixlr, NFT art collectors can be assured that their digital treasure is in experienced hands.