How real-world data is being fed into NFTs as street artists geotag their work,

 97 Interactions,  2 Today

“Blockchain is not only a buzzword here; it legitimately allows what was historically impossible.”

Kiwie, a Latvian artist, has revealed their plan to release over a thousand nonfungible tokens depicting real-world street art.

According to Kiwie, the NFT pieces would enable art collectors to physically own street art without having to remove it from the brick wall, pavement, or other infrastructure to which it was added. The NFTs have 3D renderings of the artist’s “Fat Monster” character spray painted in 1,001 real-world places, each with its own geotag.

“Using NFTs to represent ownership allows to maintain the beauty of the art intact,” said Kiwie. “Blockchain is not just a buzzword here, it legitimately enables something that used to be impossible.”

Kiwie aims to release five NFTs for current street art pieces on the marketplace Rarible on April 13. The artist plans to release new music on a regular basis over the next five years. Kiwie’s website states that the artist intends to produce five to six pieces of street art for NFTs in 195 countries, beginning with Latvia, Lithuania, and Estonia.

See also  Why this ‘Bitcoiner,' thinks Dogecoin owners will lose capital.

Over the years, the artist’s work has received both acclaim and critique. They spray painted the Duke of Lancaster’s ship in Wales and became well known for their creature paintings in Riga, Latvia’s capital. Though any of the artwork has probably been withdrawn, anyone involved with the NFTs will behave in a new manner. And if one of the 1,001 real-world monsters is killed or painted over, the NFT will survive, but their corresponding portrait will turn into a “ghost creature” — a transparent, halo-clad version of the same artwork.

The offering is part of a growing movement among cryptocurrency consumers to connect more real-world data with their NFT counterparts. IoTeX, a privacy-focused Internet of Things app, revealed last month that it was creating a system capable of capturing and encrypting data such as location, temperature, air quality, and motion to NFTs, enabling holders to check their proof-of-presence.

Subscribe to our newsletter


Leave a Reply

Your email address will not be published. Required fields are marked *