The APENFT Foundation launches a $ 100 million “Art Dream Fund”

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Singapore, Singapore, November 2, 2021,

APENFT, the first NFT foundation and fund, and TRON announced the official creation of the $ 100 million “Art Dream Fund” to explore, cultivate and support talented NFT and digital artists. APENFT aims to collect meaningful stories and promote the fusion of finance, culture and art in the Metaverse and will do so by building three main pillars: the acquisition of culturally significant NFT artwork. , the investment and incubation of NFT projects and the creation of an NFT market.

The first open call of the “Art Dream Fund” invites artists and creators to explore the theme of “Second Life” in the metaverse. The “second life” is a concept closely related to the metaverse, and NFT is considered the “ticket to the metaverse”. Since the late 1970s and early 1980s, utopian and dystopian visions of Web3.0 and the Internet have been brought to the fore, capturing the emergence of increasing complexities and variability in human life and hybrid experiences. . We are now living in the golden age of digital, taking advantage of enormous technological and scientific progress with the accelerated development of the blockchain. NFT and on-chain games are bringing people’s vision of the metaverse closer to reality than ever.

It is an open invitation to artists to portray their dream life and their future through digital media. As technology profoundly changes the way we play, learn, organize, socialize and create, there is an urgent need to explore what a highly intelligent and networked society demands of us and what a high-tech but humanized world would look like. . “Art Dream Fund” hopes to unleash and mobilize daring and unbridled creativity by inspiring artists to present their Second Life – a story that has yet to be revealed.

The open call aims to explore the questions that arise as our lives and social relationships become more closely related to technology as social mediation. Such as; what kind of religious worship, new artistic origins, literary inspirations and subversive scientific discoveries will be brought by the human vision of the Metavers? What does this have for human consciousness, including all experiences, feelings and emotions? What is the nature of reality? What will the future look like when artists participate in the construction of the Metaverse through digital art?

Going forward, APENFT will regularly launch support through open calls, artistic grants and artist-in-residence programs. In addition to funding artistic creations, the Art Dream Fund will also provide professional support and advice to selected artists and works of art in various aspects such as marketing, public relations, community building and promotion. copyright protection in the NFT space. “Our goal is to introduce an incredible group of creators to the world of NFTs, allow them to explore new methods of creation and share this opportunity with their communities,” said Sydney Xiong, Artistic Director and Curator of APENFT. .

There are three awards in this open call, including the Grand Prize of $ 20,000, the Best Creativity Awards of $ 10,000 and the Top Category Awards of $ 5,000. In addition, artists will receive publicity and exposure on the TRON and APENFT social networks. They will also have the opportunity to be presented during the APENFT market launch event and to participate in the APENFT virtual exhibition.

Digital art is an open field full of unknown possibilities, with inclusive artistic characteristics and without borders. This thematic call encourages the exploration and interpretation of all art form on the theme of ‘Second Life’, and all media and digital art styles are accepted. How did digital art and crypto art become a new independent and cohesive art form? How do they facilitate creative thinking and challenge uncharted territory? These are the other questions APENFT hopes creators will answer through their works. The thematic open call is open to artists and creators working in all disciplines without restriction of age, region or profession. Nominations can be submitted individually or as a group or as a community. Group work is strongly encouraged in the NFT space, where people value community spirit.

Artists must submit their work by November 27. The prize announcement will be made on December 10. Justin Sun, Founder of TRON, Sydney Xiong, Artistic Director and Curator of APENFT, and three anonymous art experts from NFT will select the winning works based on five key criteria: aesthetics and creativity, ideas and concepts, technical skills, relevance and artist statement. “I hope that the creation of the ‘Art Dream Fund’ can lead to a paradigm shift in the creator economy by providing global support to creators who wish to contribute to the NFT art ecosystem with creative thinking,” said Justin Sun, founder. by TRON.

About APENFT

Officially registered and established on March 29, 2021, APENFT leverages the underlying technology of the top-notch blockchains Ethereum and TRON with the support of the world’s largest distributed storage system Bittorrent File System (BTFS), to fulfill the mission recording world-class works of art like NFT on the blockchain. The APENFT Foundation collection includes works by Picasso, Andy Warhol, and crypto artists Beeple, Pak, etc., as well as other high-end NFT collectibles from various categories such as Avatars Punks and EtherRock, from a total value of over $ 46 million. In addition, the APENFT Foundation successfully sponsored the “Art + Technology” Summit at Christie’s in New York. Going forward, it will host a series of online and offline exhibitions with world-famous artists and facilitate high-end IP collaboration.

About TRON

Founded by Justin Sun in 2017, TRON is an ambitious project dedicated to building a truly decentralized Internet infrastructure. TRON protocol, one of the largest blockchain operating systems in the world, adopts energy-efficient dPoS consensus mechanism to provide high throughput, high scalability and high availability for decentralized applications in the TRON ecosystem through the collaboration with key business partners including global tech giant Samsung, Opera, Poloniex, Swisscom Blockchain and many more. With over 58 million registered users and over 2.5 billion transactions, TRON is the fastest growing public channel in the world, and is now one of the world’s three largest public channels.

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