HOFA launches London’s first DAO for art collectors, 11

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LONDON, England, Oct. 27, 2022 (GLOBE NEWSWIRE) — Founded in 2012, the pioneering international contemporary art gallery HOFA will celebrate its tenth anniversary on November 11, 2022 by launching the first ever decentralized and powered contemporary art community by London blockchain collectors called HOFA DAO (Decentralized Autonomous Organization).

HOFA DAO’s new artistic community-led organization will allow its members to make all decisions regarding the governance of their artistic portfolio, such as voting for new acquisitions. HOFA’s vision is to make investing in contemporary art open and accessible to everyone using Blockchain technology. This is a natural next step for a company that has a strong track record of creating accessible artistic experiences through contemporary art and top-notch investments.

HOFA Co-Founder Elio D’Anna says of the HOFA DAO, “While the NFT digital collectibles market has shrunk over the past 10 months, we have seen a 20% increase in collectors investing in physical assets through the use of NFT authentication and blockchain technology. This is the unique aspect of HOFA DAO, membership is obtained through NFT passes giving access to investment grade physical artworks, thus the collector benefits from the double security of the blockchain with the stability of the market traditional art.

He adds, “This is the new beginning of HOFA’s second decade of pioneering artistic experiments.”

The founding artist members are 100 highly selected global artists and the $3,000,000 portfolio includes works by top notch artists like Daniel Arsham and Invader, as well as established and emerging contemporary artists such as Jan Kaláb, Zhuang Hong Yi, Ilhwa Kim and bio-generative. the artist Agoria.

The first issue of 1,111 (out of 3,333) HOFA DAO NFT Membership Cards is available November 11 at 3 p.m. (GMT), each worth $250 and available through Magic Eden’s Ethereum Launchpad, purchasable with crypto, Apple Pay and all major credit cards.

Members will benefit from fractional ownership of the tokenized wallet, and profits from monthly auctions and sales will occur on-chain and be distributed via smart contracts, ensuring transparency across the ecosystem and its ARTEM Coin cryptocurrency. Other membership benefits include VIP access to exhibitions, art fairs, early releases, and access to HOFAVERSE, a new multi-user interactive Metaverse VR gallery.

Jack Lu, CEO and co-founder of Magic Eden, talks about his partnership on the HOFA DAO project, “At Magic Eden, we constantly see the NFT space evolve. The trend of using blockchain technology to secure tangible assets is growing rapidly and we are thrilled to offer HOFA’s inaugural portfolio of masterful works of art. DAO to market with Magic Eden’s world-class Launchpad.”

Morningstar Ventures’ Danilo S. Carlucci talks about investing in the HOFA DAO, “Since we at Morningstar Ventures have increasingly invested our resources in building new NFT-related businesses, our partnership with HOFA on this DAO project allows us to explore new use cases. The marriage between the art and Web 3 is here to stay, and we’ve only just begun to see new ideas and concepts come to fruition.”

Press opening November 10, 2022, 9 a.m. – 2 p.m. RSVP: [email protected]

Pre-launch party in London at the HOFA Gallery unveiling HOFAVERSE in collaboration with London Crypto Week by TOKEN2049 on November 10, 2022, from 6 p.m. to 9 p.m. RSVP

Launch of HOFA DAO NFT membership cards on Magical Eden Ethereum Launchpad is available on November 11 at 3 p.m. (GMT)

ENDS

thehouseoffineart.com

@thehouseoffineart.com

Contact information:
Emma Louise O’Neill
Comms & Brand Collaborations Director
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Related images

Picture 1: HOFA DAO Pass VIP

HOFA DAO VIP pass

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