"I believe that a painting is similar to a movie"
Kanthraj N, a Bengaluru-based Indian artist will be the first Indian to launch his art on an NFT platform.
Non-Fungible Tokens (NFT) is a layman’s term referred to as digital collectables.
This is a collection of his 12 original award-winning paintings.
The art will be auctioned on April 27th, 2021.
Kanthraj is a popular watercolour artist and he depicts the refreshing vibrancy of life through his paintings.
His paintings ‘My Life’s Work’ is all set to be auctioned on the NFT platform.
Talking about his work, Kanthraj says:
“I choose my colour palette after much deliberation because I understand the subtle psychological effects that colours have on a human mind.
“I believe that a painting is similar to a movie, but the entire story of about 3 hours and all drama associated with it is condensed into one single powerful image.
“I do my best to make paintings as life-like as real as possible so that any viewer is visually captivated to them and can relate to them easily.”
The paintings of the Indian artist will be auctioned on an NFT platform known as RubiX.
RubiX is the most sustainable blockchain in the NFT market.
Explaining RubiX, the Chief Executive Officer, Dr Nithin Palavalli said:
“We are incorporating several layers of security that no other blockchain platform has ever done.
“These features couldn’t be done on Ethereum or any other public blockchain.
“Incorporating this level of technology eliminates forgeries proves true ownership and provenance of a digital asset and preserves and protects rights to an asset, whether it’s physical or digital.”
What are NFT’s
NFT means something that has unique properties and cannot be interchanged with anything else.
Therefore, they are crypto tokens connected to digital assets like digital art, music and films.
This helps artists sell their art directly to art connoisseurs.
These are created to tackle fraud and forgery in the creative world.
These digital tokens can be bought and sold but have no tangible form.
They are considered valid certificates of ownership for virtual or physical assets. This protects the assets from being forged or duplicated.
NFT also includes Digital Rights Management (DRM) tools, which helps the owner to sell, rent or license their art.
This action will mark history in many ways.
It will be the world’s largest NFT art sold to date.
The auction will also be the first NFT auction by any Indian artist and it will be the first on-chain, physically-backed NFT.
It will be the first auction to use decentralised verification.
It will also incorporate High-Density Embedding (HiDE) technology, which will prevent forgery.
All 12 art pieces of Indian artist will be dispatched to the highest bidder.
The ownership rights of the digital assets will also be transferred to the new owner.
The payments of the auction will also be accepted in 10 different cryptocurrencies.