The NFT Lab is an Invictus initiative which centres around combining the benefits of blockchain and NFT technology with contemporary, physical fine art. The maiden NFT collection, Out of Africa, features top creative talent from Southern Africa.
The project will auction Ethereum NFT representations of 100 physical artworks (for most of the participating artists it will be their first NFT). These allow the owner to take delivery of the original physical artwork. To participate in these auctions, ownership of a deflationary “Poster” NFT will be required. These will be distributed via a costless lottery on the Ethereum blockchain during Phase 1. 10% of all revenue accrues to the Community Treasury to perform regular buy-and-burns of Posters, supporting their ongoing value.