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Magzoid Magazine - Luxury Magazine in the Creative Space | September 2022

The September 2022 issue of Magzoid Magazine features an amazing cover artwork by Michael Angelo Guadalupe, an exceptional artist from Puerto Rico. This edition includes a glimpse of Divya Chakra 2022 and a few sections highlighting summer getaways, and brunch deals to our readers. The National Museum of Qatar, Doha and Beijing National Stadium have been featured in the Architectural Wonders. Editorial picks of luxury watches, jewelry, and lifestyle products have been featured in the designer’s corner along with an exclusive featured story of the logo of e& by Etisalat. Magzoid Magazine is a luxury magazine leading the creative space of the MENA region. The different genres covered by Magzoid Magazine include exceptional designs, arts & culture, interviews of influential business leaders and industry veterans, various creative and design aspects across different industry verticals, luxury lifestyle, fashion and jewelry brands, creative branding highlights from corporates, and many others. Magzoid Magazine is a leading media platform in the creative segment.

The September 2022 issue of Magzoid Magazine features an amazing cover artwork by Michael Angelo Guadalupe, an exceptional artist from Puerto Rico. This edition includes a glimpse of Divya Chakra 2022 and a few sections highlighting summer getaways, and brunch deals to our readers. The National Museum of Qatar, Doha and Beijing National Stadium have been featured in the Architectural Wonders. Editorial picks of luxury watches, jewelry, and lifestyle products have been featured in the designer’s corner along with an exclusive featured story of the logo of e& by Etisalat.

Magzoid Magazine is a luxury magazine leading the creative space of the MENA region. The different genres covered by Magzoid Magazine include exceptional designs, arts & culture, interviews of influential business leaders and industry veterans, various creative and design aspects across different industry verticals, luxury lifestyle, fashion and jewelry brands, creative branding highlights from corporates, and many others. Magzoid Magazine is a leading media platform in the creative segment.

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ART NEWS<br />

Everyone can become an<br />

art collector with NFTs <strong>in</strong> <strong>the</strong><br />

picture, here’s how<br />

The most eager users<br />

Most <strong>in</strong>dividuals only<br />

ever purchase a<br />

cheap poster from a<br />

gallery as <strong>the</strong>ir closest<br />

connection to own<strong>in</strong>g a<br />

famous piece of art, but art dealers<br />

are keen to use technology to attract<br />

new collectors.<br />

Anaida Schneider, a former<br />

banker who now resides <strong>in</strong><br />

Switzerland, is one of those<br />

push<strong>in</strong>g new ownership models;<br />

for a nom<strong>in</strong>al charge, <strong>in</strong>vestors<br />

can purchase a digital portion of<br />

a pa<strong>in</strong>t<strong>in</strong>g and split <strong>the</strong> proceeds<br />

when she sells it.<br />

She expla<strong>in</strong>ed that not everyone<br />

has $1 million to <strong>in</strong>vest. So, I had<br />

<strong>the</strong> notion to break it out and create<br />

it a blockcha<strong>in</strong>-based mutual fund.<br />

An NFT, a special digital token<br />

created and kept on <strong>the</strong> blockcha<strong>in</strong>,<br />

<strong>the</strong> computer code that powers<br />

cryptocurrencies, is given to each<br />

purchaser.<br />

Accord<strong>in</strong>g to analyst company<br />

NonFungible, NFT artworks<br />

accounted for around $2.8 billion <strong>in</strong><br />

sales last year, and <strong>the</strong> rate has only<br />

marg<strong>in</strong>ally decreased <strong>in</strong> <strong>the</strong> first half<br />

of this year.<br />

The most eager users of <strong>the</strong><br />

technology are collectors and<br />

artists, even if it means only be<strong>in</strong>g<br />

able to possess a portion of a digital<br />

reproduction of a pa<strong>in</strong>t<strong>in</strong>g.<br />

In order to provide ownership<br />

of digital copies of masterworks,<br />

thirteen Italian <strong>in</strong>stitutions recently<br />

struck agreements with C<strong>in</strong>ello, a<br />

company that distributes limitededition<br />

digital reproductions.<br />

The purchaser receives a one-ofa-k<strong>in</strong>d,<br />

high-resolution digital copy<br />

of <strong>the</strong> technology are<br />

collectors and artists,<br />

even if it means only<br />

be<strong>in</strong>g able to possess<br />

a portion of a digital<br />

reproduction of a<br />

pa<strong>in</strong>t<strong>in</strong>g.<br />

to display on a screen <strong>in</strong> addition<br />

to a certificate from <strong>the</strong> museum,<br />

which keeps half of <strong>the</strong> sales price.<br />

Customers can request an NFT to<br />

go along with <strong>the</strong>ir image, but <strong>the</strong><br />

company claimed to have <strong>the</strong>ir<br />

own proprietary mechanism, which<br />

<strong>the</strong>y refer to as DAW, to ensure<br />

ownership.<br />

- news@magzoid.com<br />

40<br />

<strong>September</strong> <strong>2022</strong><br />

www.magzoid.com

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