VRNFT is a gallery in virtual reality with NFT support for all artworks
Sculpting and drawing 3D objects in VRNFT is as easy as in TiltBrush with the only difference that our VR-App is completely free.
After creating your artwork in our VR-App or in TiltBrush export the .glb file and upload it to the website. Your artwork will be added to the gallery in virtual reality after a short moderation and other users will be able to discover it in VR or buy an NFT token.
Download software for your VR headset
To create sculptures in virtual reality or to visit your collections or virtual exhibitions you need a VR-Headset
Create your own collection in VR
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Published art objects
Published art objects
What is an NFT?
Non-fungible tokens (NFTs) are digital assets based on blockchain technology. An NFT represents a unique digital object such as an artifact in a game, a digital work of art, or even a virtual object in a virtual environment. While most NFTs were previously based on Ethereum, today some newer NFTs also use other blockchains such as Flow.
The main characteristic of a non-fungible token is its uniqueness. In contrast to cryptocurrencies, NFTs are not easily interchangeable as they represent unique objects with different values. The value of a non-fungible token depends on the perceived value of the underlying object. But like a real painting, this value is often subjective and depends on the taste and personal preferences of the owner or a potential buyer. Another important aspect – similar to real collectibles – can be the shortage of an object.
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An NFT is an unchangeable asset, the uniqueness of which is guaranteed by the blockchain. Its characteristics must be secured because they protect the ownership of an NFT. Thanks to blockchain technology, the authentication and origin of an NFT can also be verified, so that the owner can be absolutely sure about the authenticity and uniqueness of his object.
The first NFTs were launched in 2017 by Larva Labs, an Ethereum-based CryptoPunks project – with a collection of 10,000 unique digital characters. Trading in CryptoPunks is still active with more than 10,000 sales transactions at an average price of USD 10,000 per character last year. The popularization of the NFTs was mainly driven by the digital game of Dapper Labs CryptoKitties. The aim of this game is to collect unique cat characters that the players can raise, care for and also sell. The internet loves cats, which is why the craze for CryptoKitties even overloaded the Ethereum network on which the game is based. The NFT market has grown significantly since 2017 and now includes assets from the areas of digital art, gaming, music and even DeFi.
How do NFTs work?
Non-fungible tokens are, without a doubt, an amazing phenomenon in the crypto world. Despite their novelty and the lack of established valuation metrics, NFTs are enjoying increasing popularity with investors and users. The current market value of these assets is estimated at around USD 355 million, with an average token price of USD 66.
The growing gaming industry, the rapid development of new gaming technologies, including VR, and the increasing popularity of digital art are among the factors that can accelerate the launch of NFTs in various industries. One sign that NFTs are on the rise is the recent sale of an NFT artwork by digital artist Beeple by Christie’s, one of the largest auction houses in the world.
The long-term prospects of NFTs also depend on whether the technology can establish itself permanently, whether the infrastructure keeps pace with the growing popularity and how well the balancing act between scarcity and convenience succeeds in order to be able to adapt NFTs to user demand.
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