ArtMeta: Creating A Digital Environment Dedicated To Fine Art

Early this year, CEO and prominent voice in modern traditional art Roger Haas and his talented team of artists and painters announced the building of an ambitious metaverse project ArtMeta.

The project aims to bridge the gap between contemporary art and the NFT ecosystem, providing a platform where artists and collectors across all spheres can explore various art collections and attend auction events.

For the project to kickoff, ArtMeta collaborated with TrustPad to raise funds through IDO. Due to its potential, the launch was oversubscribed by 1045%. In the end, ArtMeta raised $750k.

ArtMeta also exceeded expectations when it raised over $500k during its IDO on Polkastarter, with over 15k signups to the launchpad’s whitelist.

Lowering Entry Barrier to Exhibition and Sales in the Virtual Space

The objective of ArtMeta is to onboard artists and art galleries into the NFT space seamlessly and take art beyond the traditional landscape.

Following the outbreak of Covid-19 in 2020, artists were one of the most affected because the pandemic forced the closure of many galleries where these artists could display their artworks.

As evidence, global art sales transactions dropped to 31 million in 2020 from 40 million in the previous year. Not only did the pandemic limit sales, but these artists were not able to fend for themselves. NFTs came at this point as an alternative to alleviate artists from their misery.