From Museums to The Metaverse
MIDA offers institutions a new way to valorize the masterpieces they preserve through the creation and sale of unique NFT artworks to the Metaverse’s collectors.
MIDA creates value, innovates and connects people promoting the collective Cultural Heritage.
The Process
DIGITALIZATION
A high-definition digital format of the artwork is acquired through hi-tech cameras or Artec 3D scanners.
CREATION
Two digital works are created from the physical masterpiece; the files obtained are edited in the highest definition.
AUTHENTICATION
The rights holder of the artwork digitally signs the copies authenticating them.
SMART
CONTRACT
The resulting files are bound to a $MIDA smart contract and become an NFT.
AUCTION
One copy is kept in the museum while the other is commercialized via auction.
Value through Utility
COLLECTING
The opportunity to be the only ones to own masterpieces, impossible to possess in the physical world, represents an unprecedented opportunity for collectors all over the world.
NETWORK
The NFT artwork serves as a membership card for access to an elite community of art enthusiasts, industry professionals and emerging artists.
EXPOSITION
Metaverses reinforce novelty by providing a new social space of fruition and exhibitions where important private collections can be appreciated and valorized.
EVENTS
Owning MIDA’s NFTs guarantees access to VIP off-line and virtual events in exclusive locations where it’ll be possible to meet and connect with like-minded people.
The Auction
The auction is fully managed on-chain through a dedicated smart contract, ensuring transparency, confidentiality and regularity of execution for all the parties involved. At the end of the auction, the majority of the proceeds are remunerated to the right holder of the Artwork.
In addition, the institution earns the right to half of the 7% Royalty charged on every trade involving each NFT Masterpiece in the secondary market.
CONFIDENTIALITY
REGULARITY & TRANSPARENCY
IMMEDIATE
TRANSACTION
TRACEABILITY
Value Preservation Agreement
The NFT and traditional art market both rely on the same fundamentals: authenticity and uniqueness. Therefore it is mandatory for MIDA to guarantee these two characteristics to collectors, and above all to institutions, whose potential income is tied to the maintenance of these two pillars.
For this reason, we demand reciprocal commitment between the company and the Museum, through contract, that no other NFT copies of the same work will be produced besides the one kept by them and the one destined to be commercialized through auction, in order to preserve the value of the NFT Masterpieces on the market.
Our Impact
PROBLEMS
Solutions
NFT MARKET
Market saturated by algorithmic collections of NFT JPGs
INSTITUTIONS
CREATORS
