BAIT has just announced its first steps in the metaverse with the mixture of physical art and NFT property.
The first artist on this initiative is Wes Lang, where his works will be on display at an in-person gallery event at BAIT Melrose alongside an NFT collection with Project MIDAS. This NFT falls under the MIDAS project’s FAT asset class – Fractional Asset Title – where collectors can purchase some of the physical art while receiving utilities such as airdrops and exclusive merchandise and events. These factual digital assets allow owners to receive their share of shares with the sale of art.
The three works that will be split for this FAT version are:
– Where the sun always shines (2021 mixed media on 96 x 108 inch canvas) $ 900 per FAT
– Honey ryder (2021 acrylic, pastel, pencil on 60 x 72 inch paper) $ 450 per FAT
– Dear comrade (2010 acrylic and oil on canvas, 60 x 48 inches) $ 350 per FAT
Each FAT represents 0.25% of the actual artwork. Only 100 FAT for each of the 3 artwork will be created for this release, representing 25% ownership of each physical artwork. The MIDAS project retains 75% ownership and works with Wes Lang to manage the Wes Lang metaverse.
The Wes Lang NFT launch is scheduled to take place at BAIT Melrose on December 28 at 6 p.m. PST. Visit Project MIDAS for more information.
In other NFT news, Ozzy Ozbourne announces news CryptoBatz NFT project with the world’s first mutation functionality.