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Riga, Latvia, 04 6th, 2021 — KIWIE , a worldwide-famous Latvian street art collective, is definitely unveiling a new series of blockchain-enabled art installations across the world. Constructing on the signature Fat Beast character developed by KIWIE in 2006, the artists are making street graffiti that are possessed directly by the holder of the NFT.
KIWIE NFTs will each have a custom-made virtual 3D number representing a real spray painting somewhere in the world. The number will include a geotag associating the NFT to the respective artwork. The owner of the NFT effectively is the owner of the street art, and is liberated to resell the artwork. In addition to the virtual 3D figure, participants of the NFT auction will also receive a metal card symbolizing the Fat Monster these people bought. Should the Fat Beast painting be removed or covered in real-life, the particular NFT will turn into a special “ghost monster. ”
The Fat Monster grew to a large community of fans, with over 18, 000 followers upon Instagram. People have fun searching for them in any city they go, and share the finds upon social media. Fat Monsters in each location have their very own unique design, often radically not the same as any other while still maintaining the same essence. A KIWIE Fan Art movement also sees community members drawing their own takes on the Body fat Monster.
“The Fat Monster is an unique plus iconic creation, and it is different from what many other street artists do, ” said Kristaps Vaivods, Lead Company Strategist at KIWIE. “I just love the worldwide community that formed throughout the cute monsters, and I wish that the ability to really very own a piece of street art will undoubtedly be even more inspirational. ”
NFTs are revolutionary for the street art ecosystem because of their non-invasive nature. Previously, selling the work of a graffiti artist required detaching the wall where it was drawn, even if the environment around the artwork was part of its meaning. This is the case with KIWIE’s work, where physical location is an incredibly essential part of the Fat Monster’s appeal.
“Using NFTs to represent ownership allows to maintain the beauty of the art intact, ” added KIWIE, the creator of Fat Monster. “Blockchain is not just a buzzword here, it legitimately enables something that used to be impossible. ”
KIWIE plans to drop the first batch of 5 NFTs on April 13th via Rarible . These will represent existing artworks, while the next four batches in upcoming months will be composed of new artworks made designed for the NFTs.
Mashya Vyazemskaya, Head of Communications at Rarible said: “The NFT community has been figuring out meaningful ways to bridge physical and digital art. Kiwie 1001 is a smart, purposeful and fun project by a fantastic street artist that does exactly that. We’re happy that the team chose Rarible for the launch! ”
KIWIE may be the name of a Latvian art collective led by the homonymous Kiwie, among the first street artists in Latvia. KIWIE’s signature Fat Monster was born in 2005 and gained recognition worldwide for its cute design and unique artistic meaning. Kristaps Vaivods, a blockchain gaming industry veteran, leads the blockchain vision for the collective and is the mind behind its revolutionary NFT drops.