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Phil Hall
Phil Hall
Dec 1, 2020
News

Museum of NFT Art Introduces Membership

The Museum of NFT Art, better known as M0NA, is introducing a membership that provides people with curated artworks.
Museum of NFT Art Introduces Membership

The Museum of NFT Art, better known as M0NA, is introducing a membership that provides people with curated artworks. Artworks from specific artists are randomly airdropped to the owners of the subscription NFT. They called this system the M0NA Loop Box. The first Loop Box releases this Tuesday on December 1st.

The membership starts with artworks by upcoming artists like Chewy Stoll, Peen Poon, Adxmboni, Fesq and the Afterfuture duo. There will only be 50 loop boxes for sale at the moment, but more will come. "This is just the start and we have so many things to show you guys in the future all ready", Loopiffy tweeted. Loop is the technical partner that helped to create the Loop Box.

There are five artists and fifty loop boxes. Each loop box will receive two artworks, and each of the artworks is minted with 20 copies. According to Ioannis Sourdis, the curator of the Museum of NFT Art, a loop box will cost 1 ETH.

The M0NA Loop Box is the first membership NFT for digital art. However, we're currently seeing similar system happening. Pranksy has created an advent calendar and all NFT owners will receive airdrops until Christmas. Also Play to Earn is dipping its toes in a membership system, which currently doesn't include airdrops yet.

What is crypto art?

Crypto art or digital art has been around for many years. However, without the existence of blockchain technology it was impossible to verify authenticity and rarity. Now digital art connects directly with an unique token on the Ethereum blockchain. That way buyers can see how many copies of a certain artwork there are, and whether the product is original.

The concept of seeing a digital image as art, is one thing. However, for many people it will be a challenge to consider digital images as valuable. Consider this: The Mona Lisa is worth many millions of dollars. If I would paint the Mona Lisa in an exact copy, it would be worth only 50 dollars. Because we all know where the original version is. Being able to verify the authenticity and rarity of a piece of art is crucial.

Some people don’t care about the Mona Lisa. It’s just a painting. They are happy to download an image for Google Images, print it on canvas and hang it in their living room. Others want the real deal. The same rules go up for digital crypto art. Some people want to original one, others are happy with a copy on their phone.

The hype surrounding crypto art also goes beyond the in-crowd. Several artists from ‘outside’ the blockchain space have been showing interest. MakersPlace has already partnered with comic book artist José Delbo, while NiftyGateway sold some original Vandal Gummy artworks. Even Paris Hilton sold a drawing!

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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