Asus is the sixth-largest producer of personal computers in the world, with a market capitalization of about $5.7 billion. After introducing an NFT platform, Asus will officially join the Web3 space on October 5th, 2022. Though there are now only a few invited artists who can list their NFTs on Asus’ new NFT marketplace, there are soon to be plans to open a secondary market.
As it Enters the Metaverse, Asus Unveils “Art Black Hole”
On Tuesday, Taiwan-based manufacturer of hardware and electronics Asus announced the opening of its non-fungible token (NFT) platform. The move follows major Taiwanese manufacturers Foxconn and Ennoconn Corp. and represents the company’s first foray into the expanding Web3 market.
The “Art Black hole” platform was unveiled by Asus’ brand-new Web3 company, Asus Metaverse. Only a small number of artists are now permitted to use the Ethereum-powered NFT platform, according to a statement from a company representative.
Additionally, Art Black hole does not now accept secondary trading, but the laptop manufacturer aims to do so soon, according to the company’s website. The representative said that purchasers may pay in New Taiwan dollars for NFTs.
“Asus pays close attention to the latest developments of emerging industries, and we’re particularly drawn by the potential of the Web3 industry.”
– Joe Hsieh, chief operating officer of Asus
More Important Players Join the Metaverse
With the launch of Asus’ new Web3 division, Asus Metaverse, comes the Art Black Hole. In order to go further into the metaverse, Asus’ new subsidiary aims to combine the company’s cloud computing, artificial intelligence (AI), and blockchain capabilities.
Foxconn, a Taiwanese company that makes Apple’s iPhones, entered the metaverse earlier this year by teaming with and investing $100 million in XRSPACE, a company that creates virtual reality (VR) equipment.
Bringing NFTs to its two main platforms, Facebook and Instagram, has been a recent goal for Facebook owner Meta Platforms. Users of Facebook and Instagram can now link their wallets and cross-post NFTs to both sites as of September 29.
“In order to post a digital collectible, all you need to do is connect your digital wallet to Instagram. As of today, we support connections with third-party wallets including Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet coming soon. Supported blockchains at this time include Ethereum, Polygon and Flow.”
In order to concentrate on creating the metaverse and “the next chapter of social connection,” the digital giant changed its name from Facebook to Meta in 2021. In September 2021, the firm also revealed a $50 million fund for the study and advancement of the metaverse.
Latest NFT News, Trendings and Tutorials, right at your inbox, every Monday Leave this field empty if you're human: