The NFT Factory has launched in Paris. residing in a three-story space directly opposite the cultural hub of Paris’ Pompidou Centre. As reported by Forbes, its creation is that of entrepreneur John Karp who described the new space as “a Soho House for Web3”.
There have been numerous investors in the project with 128 noted to date, including leaders across a broad range of industries including tech, finance, gaming, and fashion from such companies such as Arianee, BNV, The Sandbox, and Sorare.
NFT Factory recently opened its doors with a public NFT art exhibition on October 22nd. The artwork on display is a collection of work owned by founding members. The ground-level space plays host to discovery workshops where industry experts can answer questions regarding NFTs or how to get set up with a digital wallet. On the lower ground floor, an educational and training space is featured while the first floor houses an investors club where members can come together.
A showcase of NFT art
The hope behind the project is to educate the general public on the world of Web3 and what it has to offer. Many people are still confused about the likes of NFTs and what they entail. By inviting people in, the goal is for people to make connections and gain interest in the Web3 ecosystem.
John Karp commented on the new space saying, “Web3 is the next industrial revolution and it’s a game-changer. Tomorrow we will have new worldwide leaders. NFT Factory will become a launchpad for these new projects”.
In 2023, the NFT Factory will be looking to launch its own Web3 digital space which acts as a minting platform and NFT marketplace. The first ‘discovery workshop’ that visitors attend at the NFT Factory will be free, with those after being priced at $59. There is a deeper level of training courses too which will be available to individuals and companies, this is priced at $299. In addition to this, public events are set to take place each Thursday.
Karp comments, “I believe that art is an easy way to introduce something more complex. It’s universal and talks to everybody”.