Tmax Metaverse and ARTTOKEN Build Superapp-Based NFT Art Platform

Metaverse platform specialist company 'Tmax Metaverse' and 'ARTTOKEN' joined forces to build a superapp-based NFT art meta-platform.

Tmax Metaverse announced on the 18th that it held a business agreement (MOU) ceremony between the two companies on the 15th at the ARTTOKEN headquarters located in Gangnam-gu, Seoul. Through this MOU, the two companies agreed to cooperate on ▲building a superapp-based NFT art meta-platform and ▲discovering new business models.

According to Mesa, a US virtual asset analysis company, the market capitalization of art NFTs in 2022 was approximately 18 trillion KRW ($14 billion), and it is projected to increase 100-fold to approximately 1,800 trillion KRW ($1.4 trillion) in 10 years, becoming similar to the scale of the actual art market.

Accordingly, both sides plan to build a platform combining meta and art within the Tmax Superapp. Based on this, they believe they can establish a connection between artwork experiences in virtual and real worlds, as well as a community ecosystem. If this technology is implemented, it will minimize information asymmetry among creators, viewers, and sellers during the revenue generation process.

Kim Min-seok, CEO of Tmax Metaverse, said at the signing ceremony, "We anticipate the synergy between Tmax Metaverse's unique technology and ARTTOKEN, which focuses on the art domain in the NFT market," adding, "We will present remarkable technology that leads the globally recognized art tech market."

Hong Ji-suk, CEO of ARTTOKEN, stated, "We expect that the metaverse will open up new forms of communication between artists and collectors, including the popularization of art," and added, "Through Tmax Metaverse's technology, which connects virtual and reality, more enjoyable and expanded participation is anticipated."

Yang Jin-won, Reporter

Source: MoneyS (https://www.moneys.co.kr)https://www.moneys.co.kr/news/mwView.php?no=2023091814555348957