NFT art gallery prepares to open in heart of the City

by AryanArtnews
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Thursday, March 3, 2022 6:30 am

The NFTs from Pierre Benjamin’s Crypto Stars collection will appear on the Samsung TV screen at Quantus Gallery in Spitalfields, London.

In December 2019, Josh Sandhu made its first investment in a non-fungible token (NFT) that picks up a handful of collectable digital artwork. Two years later, Sandhu’s investment increased 75-fold, allowing graphic designers to cash in on NFT collectors to buy their first home.

Now, a 31-year-old art collector wants to help other investors achieve the same success.

“I was fortunate enough to get in early,” said Sandhu, who had invested in crypto until 2012. Otherwise, you will lose many opportunities. ”

Sandhu is one of the three co-founders of London’s Spitalfields-based NFT art gallery and advisory service Quantus Gallery, which will be open to the public later this month. Co-founder James Ryan runs the Grove Square Galleries, a traditional gallery specializing in contemporary art, and Ryan Marsh has an investment background.

Co-founders of Quantus Gallery, Josh Sandhu, Ryan Marsh, and James Ryan.

Archetypal Old West) Western Region

The decision to launch an NFT physical art gallery follows last year’s explosion of interest in space. At the beginning of 2021, NFTs were known to only a handful of crypto enthusiasts. By the beginning of 2022, the market had exploded into a $ 40 billion industry, rivaling the traditional art market with $ 50 billion in sales in 2020.

“This is a booming market. There are so many talents there,” he said, helping investors overcome the risks of the digital art world with the launch of Europe’s first NFT advisory. Sandhu, who is aiming for, says.

Despite the hype, investing in NFTs continues to be a high-risk business, with theft and fraud common in unregulated online marketplaces. In a particularly unfortunate episode last year, a British art collector paid a hacker £ 244,000 to an NFT believed to be by Banksy after a fake link to the auction was posted on the artist’s official website.

“It’s still like the Archetypal Old West,” Sandhu admits, calling on online marketplaces to tighten self-regulation. Added.

95% failure rate

Quantus also plans to guide investors through the complex process of identifying value in the supersaturated and speculative market of digital collections.

“Most of the projects out there won’t work,” Sandhu claims. Sandhu agrees with a rigorous assessment that 95% of NFTs will be worthless over the next five years.

“Much of the market value is just the first hype,” he continued. “Companies have really good marketing campaigns and sell everything, but the project is virtually non-existent.”

One of the projects supported by the gallery is Crypto Stars, a collection of 333 cartoon images of famous figures from Gandhi to Einstein to Pocahontas by digital artist Pierre Benjamin.

When the gallery officially opens on March 23, visitors will be able to see the collection displayed on the Samsung TV screen hung on the wall of the studio. According to Marsh, the artwork is pre-sold for £ 5,000 each and the collection has a market capitalization of £ 1.6 million.

“Every week, every month, people are yelling from the roof that crypto is a bubble,” Sandhu commented. “Stay here.”

read more: Hundreds of NFTs have been reported stolen, so Opensea investigates phishing attacks

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