A digital asset is anything that exists in a digital format and comes with the right to use. Data that do not possess that right are not considered assets. Digital assets can be of 3 types: fungible, semi-fungible, and non-fungible.
An NFT is a type of cryptographic token that represents a unique item that may be digital or physical. From a technical standpoint, digital NFTs can take any digital form: metadata, documents, videos, audio files, images, graphics, spreadsheets, computer programs, domain names, etc. Some art projects are on the border between physical and digital, pioneering the new “phygital” world.
NFTs enable owners of a unique item to prove their ownership and the authenticity of an item. They also enable businesses or individuals buying and selling items in a marketplace the freedom to trust that the item they’ll receive is truly authentic since the NFTs unique ID will match up with either the original issuer of the item or the service which performs authenticity checks.
At the time of developing the business concept for Hedera Gallery, the ecosystem developed on the hashgraph network was composed of over 600k active accounts, about 50k users who would have had the capacity to purchase NFTs, about 200 NFT creators, but not even one virtual shop to centralize the NFTs issued through various platforms.
Anticipating the spectacular future growth of the hashgraph NFT ecosystem, co-founders Gabriel Simion and Cătătlin Stănică started in 2021 the construction of the first 3D virtual space, metaverse-ready, which would bring together all the NFT creators on the hashgraph network.
The 4 main reasons that will lead to the success of this project are:
1) extensive team experience
2) use of a best-in-class rendering engine
3) optimal timing for product launch
4) exponential growth of the Hedera NFT market
In mid-January 2022, we launched the Proof-of-Concept (PoC) gallery, hosting only 50 exhibits mounted on the ground floor of sector H.
Among the main characteristics and features tested during the PoC stage, we enumerate the following top 10:
1. Use of pre-baked environments and partially baked environments
2. Use of a real-time rendering engine
3. Mount of various types of files inside the environment
4. Determine the specific costs for each activity
5. Determine the specific duration for each activity
6. VR implementation and testing
7. Use of characters for visiting the gallery
8. Test the implementation of real-time audio and video conferences
9. Test the screen sharing capabilities during virtual conferences
10. ERP use for client management
On July 30th 2022 we will launch the Final Gallery, designed as a futuristic steel, concrete and glass building, shaped as an ivy leaf when seen from above.
The structure will have 3 floors and 6 sectors, named H, E1, D, E2, R and A. Our architect will design the exterior spaces as well, suitable for displaying large NFTs (including skyscrapers, space shuttles, yachts, wind turbines, houses, cars, trains, etc.) at realistic scale, comparatively to the environment.
This design of the building has both an aesthetic function, but especially a practical one. The aesthetic function is given by our appreciation of the Hedera ecosystem, while the practical function is given by the possibility of splitting the size of the building in sectors and having large, unobstructed display areas.
