HOFA Gallery Launches DAO For Art Collectors
HOFA Gallery, a London-based contemporary art gallery, makes global art investment more accessible.
HOFA Gallery has announced the launch of its decentralized, blockchain-powered community of contemporary art collectors, called HOFA Decentralized Autonomous Organisation, aiming to make global art investment more accessible.
HOFA DAO’s new art community-led organisation, which will be officially launched at its tenth anniversary on 11 November, will allow its members to make decisions regarding the governance of their art portfolios, such as voting for new acquisitions, the gallery said in a statement.
HOFA’s vision is to make investing in contemporary art open and accessible to all by using blockchain technology.
The inaugural portfolio, valued at over $3,000,000, comprises works by 100 leading contemporary and digital artists, including blue-chip works by Daniel Arsham and Invader, as well as established and emerging contemporary artists such as Jan Kaláb, Zhuang Hong Yi, Ilhwa Kim and bio-generative artist Agoria.
To mark the occasion, HOFA will also launch HOFAVERSE, a new interactive multi-user metaverse experience at their Mayfair flagship gallery on 10 November.