Async Art – Idelto

Netgear's Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform

At the Consumer Electronics Show (CES) in Las Vegas, multinational computer networking company Netgear, based in San Jose, California, showcased the company’s Meural digital art frames. According to an announcement, Netgear has added non-fungible token (NFT) tech support, and the Metamask Web3 wallet will be able to sync with the product.

Netgear Adds NFT Support to Meural’s Digital Art Platform

Non-fungible tokens (NFTs) are very popular and it doesn’t seem like the trend is going away any time soon. For instance, four NFT collections now have billion-dollar market valuations including projects like Axie Infinity, Cryptopunks, Artblocks, and Bored Ape Yacht Club (BAYC). Additionally, single NFTs have sold for multi-millions from artists like Beeple, Pak, and Xcopy. Netgear, the multinational computer networking company founded in 1996, has noticed the NFT trend and the company’s Meural digital art frame will support the technology.

Following the announcement at CES, the head of product and content for Netgear Meural, Poppy Simpson, told venturebeat.com that NFT owners will be able to connect their Metamask wallet to Meural. Netgear acquired Meural in 2018 and it sells 13.5 x 7.5-inch displays, as well as 16 x 24-inch and 19 x 29-inch digital frames. Simpson further explained to venturebeat.com that the NFT support was meant for devices like Meural.

“It’s doing what Meural has always wanted to do, which is foster communication and community around visual culture,” Simpson remarked in the interview. “This new feature is particularly aimed at those people who buy the frame to display their personal memories.”

Samsung Fuels Competition With NFT TV, Netgear’s Previous Partnership With Async Art Hinted at Meural NFT Support

Netgear’s entry into the NFT industry follows a recent NFT-related announcement from Samsung Electronics. On Monday, Samsung introduced the world’s first television-based NFT platform which will allow NFT owners to showcase their digital art from their smart TV. “With demand for NFTs on the rise, the need for a solution to today’s fragmented viewing and purchasing landscape has never been greater,” the company explained to the press. Since 2020, Samsung has also been manufacturing hybrid digital frames called “The Frame.”

Presently, Netgear’s Meural NFT support is in beta, according to The Verge reporter Alice Newcome-Beill. Netgear further detailed that the beta NFT service and integration with the Metamask wallet is “starting in January.” The recent announcement detailing that Meural will support NFTs is not Netgear’s first foray into the NFT industry. In July, Netgear revealed a partnership with Async Art “to add dynamic, programmable NFTs to the Meural Library.”

“From its inception, the Meural platform has been building solutions for digital art, artists, photographers and collectors,” Simpson said in a statement concerning the Async Art partnership. “NFTs are the latest innovation in a world where the Meural display and content platform is the undisputed leader, and this exciting partnership with Async is another step towards driving forward to a new era of art appreciation.”

What do you think about Netgear’s Meural platform adding NFT support and Metamask integration? Let us know what you think about this subject in the comments section below.

NFT Digital Art That Changes With Bitcoin Price Volatility Sold for Record $101,000

Matt Kane’s “Right Place & Right Time,” a non-fungible token (NFT) digital artwork that changes every day with the bitcoin price volatility, claims the artist, has been sold for a record 262 ether or $101,100 on blockchain platform Async Art.

According to a description of the artwork on Async Art’s website, a new composition for the master is generated independently each day based on BTC’s volatility and price action from the previous 24 hours.

The work is composed of what the platform calls “layers”. Kane’s piece has 24 of these. Each hour’s price programmatically controls rotation, scale, and position of a correlating layer, it says. Viewers can surmise the day’s price volatility by examining the artwork. However, it appears that the artist himself might have some influence on the variations.

“It’s humbling. I’m most excited I’ve helped open price levels for other digital artists to have their work taken seriously and begin making a living from art sales,” said Chicago-born Kane, in a statement shared with news.Bitcoin.com.

“Until we could prove provenance and scarcity on the blockchain, how we sold digital art was prehistoric by comparison,” added the artist, who wrote the code, which generates the daily image changes.

Token Angels, a crypto-focussed angel investor, and art collector, bought Kane’s piece. Variations of the artwork will be minted over the next 10 years and the artist will periodically put an NFT digital art on market to represent an important day in the life of Bitcoin. This NFT will also grant its token holder the right to purchase a physical print.

“As a nod to Bitcoin’s 21 million fixed supply, the collector receives 21% revenue share of the individual NFT and print sales and there will only be 210 NFTs minted,” said Matt Kane. The artistic experiment will run as a creative counterpart to Bitcoin, using visualized volatility to aid the artist in mining 210 NFTs, he explained, adding:

I’ll be investigating what a decentralized artwork can evolve into, as proof-of-work necessitates increasing challenges over time. But just like Bitcoin, the passage of time will be required in order to observe the grander masterpiece that is at work.

Async Art says more than $2.3 million has changed hands on the platform since launch in February 2020. Artist sales have totaled over $400,000, it says.

Built on the Ethereum blockchain, the platform specializes in something called programmable art – “digital paintings split into ‘layers’, which you use to affect the overall image.”

More than $109 million worth of NFTs has been sold throughout the world since such sales started a few years ago, according to data from nonfungible.com. That’s from 4.82 million pieces sold at an average price of $22.65.

What do you think about Matt Kane’s bitcoin-based NFT? Let us know in the comments section below.

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