Scan to Download ios&Android APP
By Carine Lee
06:21, 23 May 2022
Share this article
Tags
Have a confidential tip for our reporters?
Get In Touch
Singapore has launched a non-fungible token (NFT) festival as the city-state looks to take a lead role in a number digital markets including the metaverse and Web3.
While interest in the NFT sector has fallen since its 2021 peak there have still been a number of high profile launches in 2022, such as the Will Smith ‘Slap’ NFT as well as a number linked to the war in Ukraine.
Typically NFTs are launched on the Ethereum blockchain, whose ERC-721 standard was the first to support the instrument, although other chains including Avalanche (AVAX) and Solana (SOL) are also popular.
Singapore’s ambitions are not limited to NFTs but also include the metaverse and the growing world of Web3.
Kent Teo, CEO and founder of INVADE, a festival, event and pop-up store organizer, said: “The key objective of MetaJam is to build accessibility and explore the various possibilities of Web3 adoption in a physical space.”
“The potential of the Web3 space is exciting, and we hope to inspire the greater Web2 communities”.
MetaJam Asia 2022, jointly organized by INVADE, Kult, and Chain Debrief, features multidisciplinary exhibits which are presented in seven experiential zones: FUNDA-METAs, META Of Facts, Token Jam, Jam Session, Metasphere, The Rad Jam and Meta of Time: Pitstop.
Chain Debrief is a digital asset analysis firm that covers a broad range of cryptos including FAN and MATIC.
GME
AAPL
GOOG
TSLA
“We are excited to bring NFTs to life via the curation and execution of completely interactive learning experiences at MetaJam.Visitors will learn first-hand that art and technology seamlessly complement each other,” said Raja V, founder of Kult Studio & Gallery, which is also an experiential marketing agency.
The event features several visual and video artists, musicians and workshops, enabling a new generation of art and crypto enthusiasts to understand the evolution.
Bullish Bearish
92% 8%
You voted bullish.
You voted bearish.
Give ETH/USD a try
The festival is also a social launchpad to enable and accelerate NFT projects such as Party Time Kex where @kextay will be releasing her first music NFT, and Golden Moments.
The latter brings lovers of the infamously smelly durian fruit together. Holders of the fetid fruit-linked non-fungible will be entitled to perks such as season opening VIP buys, durian eating sessions with celebrities and more.
Chain Debrief founder, Jacky Yap, said: “Singapore has become a bustling hub in the crypto space, with many communities sprouting up.”
“As crypto adoption accelerates, events like these are essential in introducing new players to the Web3 space, while at the same time acting as launchpads for current communities to gather and share knowledge”.
Mintable and Salad Ventures are the official tech for NFTs as a marketplace and GameFi partners of MetaJam respectively. They have also responded to Capital.com’s questions on the metaverse and NFT, which are in the stories to come.
The week ahead update on major market events in your inbox every week.
Got a trading idea? Try it now.
Most traded
Why Capital.com?
Simple and intuitive platform
No commission
Competitive spreads
Join the 380.000+ traders worldwide that chose to trade with Capital.com
1. Create & verify your account
2. Make your first deposit
3. You’re all set. Start trading
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.45% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Risk Disclosure Statement
The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
Risk warning: transactions with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. Past profits do not guarantee future profits. Use the training services of our company to understand the risks before you start operations.
Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus.
Start trading on ETH/USD now.
