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SOCIAL launched exclusive physical NFT art gallery in Bengaluru

Even though there have been reports that the Non-fungible token (NFT) market is falling, SOCIAL has opened a physical gallery in Bengaluru for NFT art on New BEL Road.

The cafe chain said that the opening of their newest location on January 14 was the start of their move into the Web3 space. It would show a different collection of art every month. Welcome to Web 3 is the name of the first exhibition, which was put together by digital artist Angad B Sodhi. It has been on display since January 23. It has works by Prasad Bhat, Dr. Wafu, AB Verse, and other NFT artists from Bengaluru.

Angad calls this the “real start of the NFT space”

Mayank Bhatt, CEO of Impresario Handmade Restaurants, says that worries about the NFt market’s drop are overblown. “The NFT crash does not impact us in any way, as our decision to launch the NFT gallery was not commercially, but community-driven.” 

Angad thinks that this is the “real start of the NFT space” in India. ““While Web2 was the beginning of the creator economy, a major problem was that the creator did not own what they were putting up on the platform. Now with web3, the creator not only owns the assets but can also include royalty clauses, which is a game-changer.”

He said that Bengaluru is the most important city when it comes to Web3. “Most of the startups in web3 ecosystem in India have been nurtured in Bangalore, thereby making it an obvious choice for anyone in the NFT space. It has the largest population with a basic understanding of what NFT and Web3 is.”

Angad added that he wanted the first exhibition, which will be up for the next four weeks, to tell a story. “We wanted people from the same city to see their fellow community members, who have built a name for themselves in the NFT space and gained popularity, display their art. Since this was a brand-new concept, us bringing in local artists created a sense of community belonging.”

On digital screens, customers can look at and buy works of art. The outlet is meant to be a place where artists, creators, and business owners can meet. The outlet sells food and drinks in addition to being a place for art.

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