A physical exhibition space for non-fungible tokens will open in Riga, Latvia, displaying NFTs of street art from around the world. The gallery is brought to life by Kiwie 1001, an NFT project by the Latvian street art collective of the same name.
Submissions are open to anyone who wishes to participate. Entries can be submitted through the project’s Discord channel. The winners will be selected by the Kiwie 1001 community and presented in the Riga Gallery when it opens in June.
Street art and NFTs seem like an odd pairing, especially given the reluctance of street artists to delve into the commercial side of the art industry. However, displaying it as an NFT actually solves a problem that comes with presenting street art: how can you show it to someone without tearing down the wall it was sprayed on?
Embossing the pieces as NFTs on a blockchain seems like a lot of work if a photo was enough, but senior business strategist at Kiwie 1001, Kristaps Vaivods, said hosting the tokens in a physical location would also help with that Spread awareness of NFTs while allowing artists to attract attention.
“While NFTs are fast moving into the mainstream, much remains to be done to educate the public about their benefits and uses,” said Vaivods.
“We set up the NFT showroom to help other artists get noticed and raise awareness of this new artistic revolution. NFTs open many doors in creative ways of defining property where it used to be impractical, and they allow smaller artists to make a living without necessarily serving large collectors, ”added Vaivods.