NFT platform allows artists to showcase, sell their art pieces securely
In September 2021, Mongolian engineers introduced the Mongolian Non-Fungible Token (NFT) platform to the public to bring Mongolian artists to the world. Today, they have released more than 6,000 NFT’s.
They are also at the forefront of many online development projects, including the “Sandbox Metaverse,” where the Mongolian NFT was purchasing land in November 2021 to build a Mongolian culture, history, and art center.
Mongolia NFT announced a competition to build a “Meta Ulaanbaatar” city in the meta world with a $35,000 prize for the winners.
In February 2022, the winners of the contest were announced and meta Ulaanbaatar was introduced. A total of 113 teams participated in the competition, and the “Seven Pixel” team was announced the winner.
Their work is aimed at introducing history and culture to the youth, as well as promoting Mongolia to the world.
“By creating Meta Ulaanbaatar, we will be able to host our museums, art shows, and exhibitions there, as in real life, and reach 300 million people in Metaverse, not only in Mongolia but all over the world. This will allow them [the artists] to visit the meta-city of Ulaanbaatar and see the Mongolian Tsagaan Sar and the Mongolian Naadam,” said B. Gabit, Founder of NFT.
Researcher E. Michael said that amid the investment of the world’s major powers and countries in the meta-market, Mongolia’s participation in building its own Ulaanbaatar in the market is a “great achievement”.
Artist Sextsagaanbogd said that the large number of users on Mongolian NFT presents a golden opportunity for Mongolian artists as the demand for art pieces for sale will increase.
“The most important thing is that the intellectual property is secured on a blockchain system. So artists would not have to have their lawyers,” he added.
“The origin of man begins with history. So we will not forget our history. We created our work in an attempt to combine history and modernity,” said Kh. Tsenguun, the Seven Pixel team leader.