Web3 NYC Gallery’s Genesis NFTs allow collectors to remotely control a display frame in order to show and sell NFTs along Fifth Avenue.
Manhattan’s Fifth Avenue is known for its prestigious strip of shops. There are luxury brands and others competing for customers’ attention. The HTML3 NYC Gallery will open in Midtown next week.
The location is not the only interesting part of the puzzle. The best thing about the puzzle is the freedom for anyone anywhere, to display and sell their own NFTs, either created or collected, on one of the displays and remotely control them.
Web3 NYC Gallery will offer this hook when it opens its doors to the public on June 15, at 510 5th Avenue, New York City. The location will also feature 300 NFT displays from partner Tokenframe. These NFT displays can only be controlled through the owner of an associated Genesis FFT.
“I think that we have 20x more NFT frames than ever before,” CEO and co-founder Nick Rotola said to Decrypt. These are not the only user-controlled frames. There are many more frames that can be used to create brand partnerships or other product offerings.
You can display almost any NFTs in the gallery if you purchase a Genesis NFT, whether it is purchased during the initial primary sale or later from a secondary market. Web3 NYC Gallery developed a software platform that allows owners to connect their Ethereum wallet through a website. They can then choose the images they want to display. Tokenframe will soon support other public blockchains such as Solana or Tezos.
Visitors can scan the QR code located on the frame to purchase NFTs. Rotola explained to Decrypt, that the store will have NFT-savvy associates available to help buyers set up wallets and buy artwork. This will ensure that customers understand the process and don’t purchase knockoff collectibles.
Rotola said that Rotola took down the longest wall and said, “This is going to belong to people.” “People will have the same access as Louis Vuitton to Fifth Avenue, and all of these amazing, huge, incredible brands. These people get to be on Fifth Avenue.
An NFT is a proof that you own a digital item. NFTs can be used to prove ownership. In 2021, the market grew significantly, with $25 Billion in trading volume. The volume for 2022 is on track to surpass that amount, despite a volatile market.
Web3 NYC Gallery has displays related to Genesis NFTs at three levels. 160 10-inch Collector’s Club displays range from 1.5 ETH to 2 ETH (3,580) and 110 21.5-inch Degen Club display ranges from 5 ETH to 10 ETH (17,900) and 30 43-inch Alpha Club displays which are being sold privately at non-listed prices.
NFT owners don’t have to pay rent or make an ongoing payment for their displays. Genesis owners can display their own NFTs from their wallets, regardless of whether they are a Bored Ape Yacht Club avatar on Ethereum, or their favorite XCOPY and Art blocks pieces. You can also show your own NFTs. This allows project creators to promote their products.
Web3 NYC Gallery is a public space that allows pornographic content to be displayed. They also aim to ban “scammy content”. Rotola stated that the gallery uses “very proven A.I. Rotola said that the gallery uses “very proven A.I.” to check for any objectionable content.
While the Web3 NYC Gallery is dominated by collector-operated displays, there are many other activities within the space. Other areas will be available for brands and NFT creators to display their products, as well as additional Web3 content such as metaverse offerings and crypto games.
There is an Alpha-level Genesis NFT owner club, as well as perks for all NFT owners. Rotola stated that the gallery has many revenue streams, including Genesis NFT sales, secondary royalties, commission deals, sponsorships and events with artists and brands, as well as secondary royalties.
Web3 NYC Gallery isn’t the only NFT gallery in New York City – one was opened last year – and the rest of the globe. Decrypt has reported on gallery openings in London and Chicago. Quantum Space LA just opened and has its own NFT membership program that allows for access to events as well as NFT drops.
Rotola said that Web3 NYC Gallery is unique in its ability to allow NFT owners to control display frames. He also suggested that Web3 NYC Gallery’s focus on mass onboarding is what makes it stand out from other similar galleries.
He sees great potential for the gallery to be a gateway to the confusing and new world of Web3, thanks to its prominent Fifth Avenue location. Rotola hopes Web3 NYC Gallery will be “a Best Buy For Web3”, offering a wide range of Web3 initiatives, helpful staffers, and countless things to interact with.
He said, “If you take a look at what Best Buy did for Web1, then that should happen for Web3.” You won’t get the masses to join chat rooms and they won’t be coming to CryptoMondays. They want something simple.”
Web3 NYC Gallery has a solution. It has knowledgeable associates who can help buyers set up wallets and understand the space. It also wants to make things tangible, like offering printed slabs or jackets that display someone’s NFTs. Additionally, plans are to create a vending machine for children that allows them to trade and buy digital NFT collectibles.
With the coming metaverse expected to be a multi-trillion-dollar opportunity that crypto builders and tech giants alike are betting on, Web3 NYC Gallery is eyeing expansion, as well. It is developing a franchise model to allow crypto and NFT builders to open their own local outposts, using the same approach. Each space will have Genesis NFTs.
Rotola stated that Web3 will eventually reach 2 billion users. How are we going from here to 2 billion users of Web3? Stores like ours are essential to keep people in their hands from beginning to end. That’s why we’re betting.