Art NFT
6,843 Hypes 1 Comments

BAIT and Wes Lang Add Physical Component to NFT Collecting With Project MIDAS Launch

Own a fraction of the actual art.

BAIT has just announced its first steps into the metaverse with the blending of physical art and NFT ownership.

The first artist in this initiative is Wes Lang where his works will be shown at an in-person gallery event at BAIT Melrose alongside an NFT collection with Project MIDAS. This NFT falls under Project MIDAS’ F.A.T. asset class — Fractionalized Asset Title — where collectors can purchase a portion of the physical art while receiving utility such as airdrops and exclusive merchandise and events. These factional digital assets allow for owners to receive their portion of shares with the sale of the art.

The three artworks that will be fractionalized for this F.A.T. release are:

- Where the Sun is Always Shining (2021 mixed media on canvas 96 x 108 inches) $900 per F.A.T.
- Honey Ryder (2021 acrylic, pastel, pencil on paper 60 x 72 inches) $450 per F.A.T.
- Dear Comrade (2010 acrylic and oil on canvas, 60 x 48 inches) $350 per F.A.T.

Each F.A.T. represents .25% of the actual artwork. Only 100 F.A.T.s for each of the 3 artworks will be minted for this release, representing 25% ownership of each physical art piece. Project MIDAS retains ownership of 75% and works with Wes Lang to manage the Wes Lang Metaverse.

The Wes Lang NFT launch is set to take place at BAIT Melrose on December 28, 6 p.m. PST. Head over to Project MIDAS for more info.

In other NFT news, Ozzy Ozbourne announces new CryptoBatz NFT project with the world’s first mutating feature.

Read Full Article

What to Read Next

Berlin's Schinkel Pavillon Presents "H.R. Giger & Mire Lee"
Art

Berlin's Schinkel Pavillon Presents "H.R. Giger & Mire Lee"

Showcasing a haunting display of paintings, sketches and sculptures.

Ozzy Ozbourne Announces New 'CryptoBatz' NFT Project With World's First Mutating Feature
Art NFT

Ozzy Ozbourne Announces New 'CryptoBatz' NFT Project With World's First Mutating Feature

Owners can birth an another NFT by “biting” and mutating with another NFT from their digital wallet.

Israeli Divers Uncover Two Sunken Boats Filled With Artifacts
Art

Israeli Divers Uncover Two Sunken Boats Filled With Artifacts

Dating back to the Third Century.

Menko Cards Are the Subject of a New Art Book
Art

Menko Cards Are the Subject of a New Art Book

Curated by Parisian artist Antwan Horfee.

Beeple Believes That We've Already Stepped Into the Metaverse
Art NFT

Beeple Believes That We've Already Stepped Into the Metaverse

The artist told HYPEBEAST that the shift is more subtle than people think.


Sotheby's Invites No More Rulers To Curate Works For The Warhol Museum Benefit Sale
Art

Sotheby's Invites No More Rulers To Curate Works For The Warhol Museum Benefit Sale

Featuring works by KidSuper, Eric Haze and more.

Pat Phillips Presents “Consumer Reports” at Jeffrey Deitch
Art

Pat Phillips Presents “Consumer Reports” at Jeffrey Deitch

On view at the Wooster Street location until January 15, 2022.

Felipe Pantone Releases 'CHROMADYNAMICA CIRCULAR RUG'
Art

Felipe Pantone Releases 'CHROMADYNAMICA CIRCULAR RUG'

The edition of seven is available for inquiry via TRINIDAD RUGS.

An Antique Globe Bought for $199 USD Sells for $154,000 USD
Art

An Antique Globe Bought for $199 USD Sells for $154,000 USD

The object dates back to the mid-16th Century.

Zim & Zou's Odyssey in Space Installation for Hermes Japan Is a Colorful Journey
Art

Zim & Zou's Odyssey in Space Installation for Hermes Japan Is a Colorful Journey

Hop on the ‘Journey of a Lifetime.’

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.