July 31, 2021


World News

World’s first physical gallery displaying crypto art opens in NYC

The world’s first gallery to display NFT digital art in a physical location has opened its doors to visitors in New York City, seen Friday.

Superchief Gallery’s first exhibition “Season One Starter Pack” displays the artworks of 300 artists on high-resolution 4k screens.

”This is the world’s first physical NFT gallery space and what we wanted to do is show the way that NFT artwork would look in the home of the collector. Giving people an opportunity to see what an NFT actually looks like, and it’s presented the way the artist intended it. High resolution, 4k, 60 frames per second. It’s really important to show the industry standard as it should be,” Edward Zipco, co-founder and director of Superchief Gallery NFT.

”I think it’s one of those moments where it’s a watershed future showing up moment,” Zipco added.

NFTs, non-fungible tokens, are digital tokens that can be bought and give the buyer claim to the original version of a computer file, such as a piece of digital art, because, while the digital files themselves can be infinitely reproduced, the NFTs representing those files are tracked on their underlying blockchains.

The blockchain-backed art industry has been growing in popularity. Last December, an art piece by the digital artist Beeple sold for $3.5 million (€2,970,633). In the past month over $200 million (€169,140,400) has been spent in NFT-based art.

The Superchief Gallery was inaugurated on March 25.