Digital art is currently one of the strongest use cases for NFTs right now. This is why we see a lot of major brands and houses venture into the NFT segment. Even the most expensive NFT sold to date is Beeple’s artwork “Everydays – The First 5000 Days”. Now, HOFA (House of Fine Art) gallery also wants to enter this highly-popular segment.
HOFA gallery has stated that they’ll launch their own NFT marketplace, ‘HOFA.io’ for highly collectible digital artworks. The NFT marketplace will launch on 5th August 2021.
HOFA.io will include digital artworks from both emerging and established artworks.
HOFA gallery has been the forerunner in adopting cryptocurrencies into its house. In fact, it is the first fine arts gallery to make entire art holdings available for purchase in cryptocurrency. The gallery also had a series of successful ‘crypto art’ releases in 2021.
Also, the gallery delivered a first-of-its-kind NFT art exhibition showing both physical artworks and their ‘crypto art’ titled ‘Matter & Form.’
Initially, all the crypto art released by the gallery was available through other NFT marketplaces. Now, you can directly purchase ‘crypto art’ from their own NFT marketplace.
The gallery aims to grow its NFT marketplace through a highly selective process, ensuring a maximum of two releases per week. Through this, it ensures collectors access to the finest selection of collectible contemporary ‘crypto art’.
Since NFTs leverage blockchain technology, HOFA.io has guarantee provenance and ownership of all artworks purchased.
HOFA’s Co-founder Elio D’ Anna spoke on the upcoming launch:
“It is HOFA’s boldest step yet as we work to make contemporary art more accessible and bridge the perceived gap between the worlds of digital art and traditional art.”