Spatial is an early player in the virtual reality realm through VR workroom apps. The digital platform is changing its focus to include NFTs. It will not host virtual art galleries that showcase non-fungible tokens. The company is focusing on collaborations with digital artists.
Its latest iteration with MetaMask cryptocurrency wallets allows people to see a catalog of the NFT art that they own. Users can place images into gallery spaces as guests move around the space and chat through avatars or live video bubbles. In addition, Spatial allows artists to sell NFTs directly through the platform. The shift follows Spatial's observation of its users' behavior on the platform. Spatial aims to accommodate the growing needs of digital space users.
Virtual Art Galleries
Spatial Is Changing its Focus to Virtual Galleries to Showcase NFTs
Trend Themes
1. Virtual Art Galleries - Spatial's focus on virtual galleries for NFT art presents opportunities for immersive and accessible art experiences.
2. NFT Art Marketplaces - As Spatial enables artists to sell NFTs directly through their platform, opportunities arise for disruptive innovation in the NFT art marketplaces.
3. Virtual Reality Collaboration Tools - Spatial's collaboration tools for digital artists in virtual reality offer potential for disruption in the creative industry.
Industry Implications
1. Art Industry - Spatial's virtual art galleries and NFT marketplace pose as a potential disruption in the traditional art industry through providing new digital accessible opportunities.
2. Cryptocurrency Industry - Spatial's collaboration with MetaMask cryptocurrency wallets presents potential for disruption in the cryptocurrency industry, bridging the gap between blockchain technology and art.
3. Creative Industry - Spatial's virtual reality collaboration tools hold potential for disruption in the creative industry, providing an immersive and innovative solution for remote teamwork.