The Metaverse Industry Association of Macau (MIAM) will hold its first non-fungible token (NFT) art exhibition at H853 Fun Factory at the Lisboeta Macau in Cotai throughout May, the association announced.
NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated. They are essentially tokens that can be used to represent ownership of unique items, including art, collectables, and even real estate.
The free admission exhibition from May 1-31 will showcase 37 artworks from local and outside artists such as CryptoPunks, Andreas Ivan, David Yuan, Ting Song and Álvaro Barbosa, and also works from the Bored Ape Yacht Club.
“NFT and metaverse are some of the megatrends that uniquely combine art and culture, technology and finance. By teaming up with renowned NFT artists worldwide, we hope to raise NFT awareness in the region and bring a new dimension of art and tech experience in front of visitors and locals,” Thomas Ao, founder and President of MIAM, says in the announcement.
Ting Song is considered China’s Top NFT Artist, with a work produced by the 27-year old Tsinghua University graduate – Peony Dream – sold for RMB667,000 at the first sale of a blockchain-based artwork held at China Guardian, an auction house better known for selling traditional calligraphy and ink paintings.
One of the works – Floating Taikonaut – was produced by Álvaro Barbosa, a full professor of Communication and Media, and president of the vice-rector for Strategic Development and Internationalization at the University of Saint Joseph.
CryptoPunks is a 10,000 unique pixel-style punk avatars launched in 2017 by the Larva Lab, with some of its NFTs among the most expensive in the world so far.
The Bored Ape Yacht Club is a collection of 10,000 unique NFTs, with Bored Ape #8817 so far the most expensive BAYC NFT of all time, with a US$3.4 million valuation.
The works in the exhibition by Andreas Ivan were said to be held by Arnaldo Ho Yau Heng, which heads Macau Theme Park and Resort, the company that developed Lisboeta.
Screenings from We Are What We Eat, described as ‘the world’s only edible NFT dining experience’ created by André Chiang, as well as METASENS, a large-scale metaverse theme park run by Imperium Technology Group Limited, will also be included
Cai Guojie, the former Visual-Art instructor from Macau Art Museum, will be the curator of the exhibition.
MIAM was founded in 2022 as an association committed to supporting the development of metaverse technology and innovations.
Ao also indicated that with Macau and Hong Kong being “home to many pioneering and aspiring artists” by collaborating with H853 Fun Factory the association aimed to “build a community for like-minded industry players and enthusiasts” with more NFT artwork showings from our local artists to be held in the future.
The MIAM President is the founding partner of Mindfulness Capital, a company specialising in blockchain, metaverse, NFT and Web 3.0, with co-founders including Fernando Pereira – which represents Macau as a full member of the International Esports Federation – and Terry Yeung, executive director at Imperium Technology Group.
Local electronic gaming equipment supplier Asia Pioneer Entertainment Holdings Limited has recently stated it will launch a Macau Metaverse recreation and issue a collection of Asia themed NFTs in June.
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