Malaysian market to purchase physical art combined with NFT – Wired PR Lifestyle Story

Mark Zuckerberg’s talk on metabersion has risen since social network change shared his vision for the virtual world, where people can socialize, work, and play.

But just like we did explained before, The founder of Facebook did not invent the concept; Found in 1992, he is believed to have been invented by author Neal Stephenson in his sci-fi novel Snow Crash.

Since the concept is one day being built for potential wide adoption, it is often understood that they will be NFTs. du metaverse currency. And that would suggest why NFT fans are eager to invest hundreds of millions in digital assets today to prepare for Web 3.0.

Did you know:Web 3.0 is based on the basics of decentralization, openness, and greater usability of users.

To own an NFT, however, they would have to “buy” it in cryptocurrency. However, this space requires a great deal of educational and investment knowledge to understand its various concepts and ways to achieve its benefits.

That’s why Sebastien Jurkowski wants to bring down the barriers to entry for the average Joe to enter the world of cryptography. He hopes to do it through his platform, Live artlab (Artlab).

Moving from digital to physical and NFT

First of all, Sebastien realized that not all artists sell art. In addition, most are not equipped to create digital certificates (NFT) for their artwork.

So Artlab creates limited edition prints or images from the collection and manages its logistics by attaching an NFT to the purchased artwork.

For example, the first artist on the Artlab platform, the photographer heart-patrick, has never sold any artwork to the general public. However, he has been producing digital photography for 15 years, creating thousands of photo compositions, and some 75,000 Instagram followers have often asked him to buy his art.

Now, Artlab and Patrick are working together to bring their digital work to the physical realm and NFT.

On the part of the buyer, they can pay for the work using cash instead of crypto, as Sebastien admits that Malaysia has not yet seen the latest coins unveiled.

Once purchased, Artlab will transfer ownership of the NFT to buyers who may display the art in an NFT market such as Opensea.

You can simply purchase the artwork from Artlab, and its NFT replica will be displayed in the Open. “Here, the buyer pays the money and goes into NFT, which is a good way to get people into cryptography,” Sebastien believes.

Bringing works of art to life

To bring digital art to life, some reproductions are outsourced.

“To achieve physical reproduction of digital photography, we work with a Malaysian art printer, Giclee Art. We have another partner for the canvas studio, and the rest is done at home, ”explains Sebastien. He is also looking for 3D printing services for works of art such as figurines or sculptures.

Since Artlab handles most of the work of reproducing physical artwork and creating NFT replicas of them, it seems that an artist would have a high cost to pay for the platform’s services. But Sebastien shared that artists charge only a 10% commission on every NFT sale.

“This commission is programmed directly into the NFT and is shared between Artlab and the artist, since the NFTs are in the ETH block, profits are automatically transferred to Artlab’s ETH portfolio every time a post-sale is made,” Sebastien explains.

“The great advantage of NFT is that everyone can see the full history and price of the property, where anyone can bid. This makes art a liquid asset.”

Artlab is still in its infancy and has so far generated revenues of less than RM 10,000. Although it is still early days to comment on the traction of the site, Sebastien shared that it was two weeks after its launch on December 1, 2021.

Launched by Sebastien with a capital of RM 25,000, he directs Artlab as his side hustle and bustle while continuing to work in a full-time interactive multimedia studio. Contrast studio.

“Right now, it’s a game for me alone, so it involves a lot of expensive mistakes and a lot of learning,” Sebastien said. “It’s exciting overall and I’m looking forward to seeing where we are in a year, [and the next] 5 years. ”

At the moment, 12 works of art are listed in the Artlab store. It consists of photographs by Heartpatrick, along with a series of miniature works by the same artist.

Sebastien is talking to different artists to incorporate their work, and welcomes more artists if they are interested in contacting him through his social media.

It is also organizing a public art exhibition for 2022 with an interactive element to showcase the works featured in Artlab.

At the moment, it is mainly aimed at those in Malaysia, Singapore and the US and in Europe to buy and sell at Artlab, so worldwide shipping is also available.

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The whole idea that metabersion and NFT are used as currency is to get people to “own” digital assets that they believe will fundamentally increase in value over time. When an asset has a higher value, then they can choose to auction it off to make a profit.

But these concepts may still be difficult for many of us who know the tangible world to think about. Therefore, it could be said that Artlab plays the role of other NFT marketplaces.

It is making it easier for more people to understand the concept of ownership of digital assets through physical artwork, and much more difficult to incorporate into NFTs and metaverse.

• Learn more about Artlab here.
• Read more about what we’ve written about NFT, blockchain, and cryptography here.

Featured Image Credit: Sebastien Jurkowski, Founder of Artlab.live