At the time, Amrit Pal Singh spent 40 ether, or $125,000, on art to be displayed in the metaverse.
Singh began to sell his own art as NFTs in February, and within two months, he realized the potential of owning digital land in the metaverse.
Singh bought a virtual plot for two ether, or around $9,300 at current prices, on a metaverse powered by the ethereum block chain. The gallery was named after his NFT collection.
A virtual plot for two ether was bought by Amrit Pal Singh.
The image is courtesy of Amrit Pal Singh.
Singh displays the art he created on the ground floor of the cafe, while on the other floors he displays the art that he has collected.
He says that he thought it would be great to use the land to showcase his art and his collection.
He spent 40 ether on NFTs to display them in the metaverse.
The image is courtesy of Amrit Pal Singh.
Singh has made over $1 million selling his work. He says that his earnings have allowed him to invest in other artists. Some of the artists have sold pieces for a lot of money.
Singh says his favorite piece was from an art swap. I traded one of my toy faces for her artwork.
Singh has also purchased a few NFTs from popular collectible projects like CrypToadz, Cool Cats and Robotos.
On the ground floor of the metaverse cafe, there is an art67531675316753167531675316753167531675316753167531675316753167531675316753167531
The image is courtesy of Amrit Pal Singh.
Singh stresses the importance of spending only what you can afford to lose.
He says that he has been able to have a few good, profitable trades since he is a full-time NFTs player. I have sold artwork at a loss or too early. Some projects are very risky.
Singh has spent more than six figures on NFTs because of his belief in the community and technology.
The current community is the founding community of this medium, he says. This comes with a responsibility of helping each other out. Artists collecting other artists is the biggest art revolution there has been.
Singh sees a future where his great-grand kids interact with his art in the metaverse and fight over who will inherit his NFT collection. He thinks that people will have to include digital assets in their wills.
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