Artist3, a blockchain-enabled platform designed to create and sell NFTs was launched in Lagos, Nigeria. The platform will connect artists, creators, musicians, and art collectors.
Artist3 is a collaborative project between Magic Carpet Studios and Wifisoft Technologies. Entrepreneurs from the art and crypto space make up its team.
Artist3 to reposition and redefine art in Nigeria
Deemed as a first of its kind initiative in Africa, Artist3 aims to reposition and redefine art in the country.
“It is a groundbreaking platform for creatives, artists, musicians and art collectors to make and sell non-fungible token (NFT) art, the first of its kind in Africa,” said Ferdinand Adimefe, co-Founder of Artist3, and CEO of Imaginarium Creative.“The art industry is at the cusp of a revolution, with a convergence of forces that will reposition and redefining art.”
He added that Artist3 is “putting the emerging market on a global map,” according to The Guardian. “Art is now an investment making it possible for artists to develop residual revenue.”
Changing the way artists earn money
Artist3 aims to enable users to earn through the platform by creating and selling their art. Creators can exchange, auction, or even gift their NFTs through the platform.
Furthermore, the platform facilitates crowdsourcing funds for creative projects. Because of this, art lovers and investors get an opportunity to fund art projects and see their fruition. According to the website, “it’s a hub for creatives to bring any and every project to life.”
The platform will soon launch a series of subdivisions —Mart3, Incub8, Gamic, Topia, and Majikal. These will cater to targeted groups in the art and creative industry. Topia, for instance, will serve as a learning hub to discover more opportunities in the NFT space.
“The whole concept of Artist3 is to change the way Artists earn money,” Ukeme Okuku, Project Lead and Co-Founder of Artist3 was quoted by Business Day.
With NFTs all set to dominate the art world, Artist3’s launch is bound to bring exciting opportunities to Nigeria. However, the platform has some tall orders to meet. How it positions itself in the coming months will determine its success.