The Meural digital art pictures by Netgear will be available for displaying non-fungible tokens, also known as NFT art. NFT art is getting famous among cryptocurrency as well as blockchain investors. The main reason behind this is that Netgear has encrypted cryptocurrency wallets like MetaMask into the digital canvas system of Meural.
The head of content and product of Netgear Meural, Poppy Simpson, stated to VentureBeat’s interview that the Meural digital art platform is going to announce a big update which will have the feature in viewing NFT art. This will create a surging demand for digital art in the year 2021.
NFTs can design unique as well as authentic digital products by using blockchain technologies. This helps the artists to sell their artworks which can be a good opportunity for them. Simpson stated that the system is not that much complicated. It helps digital painters to sell their creative art frames.
Meural operators have access to connect to the MetaMask crypto wallet of their from the Meural web platform. For this, you need all you need to do is connect your wallet, choose the NFT that you want to view in your feeds. And the pictures will get easily uploaded to the platform with the associated metadata as well as a verifiable QR code.
The Growth Of NFT
Netgear introduced new technology at the tech trade show CES 2022, which was held in Las Vegas. It has given a clear picture of how fast hardware can work on the NFT craze, which will rise high in the booming market in the year 2021. From almost zero in 2020, NFT art earned around 411.7 billion in the year 2021.
The NBA of Dapper Lab has reached $780 million in sales in 2021. Not only this, but also the NFT digital collage by the Beeple artist has made sell at Christie’s for $69.3 million. Not only this but also the NFT market received huge demand in the third quarter of the last year with an amount of $13.2 billion of sales as per DappRadar. NFTs have also witnessed a surge in various other app markets like sports collectibles, music, and art.
Meural was established in the year 2015 which was acquired by Netgear in the year 2018. The platform sells 27 inch as well as 21-inch digital art frames, which allow the art fans to view Meural subscription art. Around 30,000 artworks are added to the subscription. The platform also integrated a 15-inch digital photo frame for those who are interesting in pictures and various other art with family members.
How does it work
The system has now included NFT art viewing to the Meural based devices. When you are purchasing an NFT, you are especially buying a blockchain which is an authenticated certificate of ledger entry, as well as ownership which is included for tracking all the transactions. These tokens are integrated with digital wallets, which are directly interlinked to blockchain-based apps.