teamLab to Display First NFT Work ‘Matter is Void’ at teamLab Planets TOKYO in November

17.October.2022 | FASHION / SPOT

Art collective teamLab will exhibit its first NFT work, Matter is Void – Water, at teamLab Planets TOKYO DMM in Toyosu, Tokyo starting November 1, 2022. This is the collective’s first NFT work to be released through Pace Gallery’s NFT platform Pace Verso, and those interested can purchase one starting October 19 at 11:00 EST. Outside of Japan, the work will be exhibited for the first time in Paris at Paris+ par Art Basel, the world’s largest contemporary art fair, and on a giant billboard in Times Square in New York City. At teamLab Planets in Tokyo, the exhibit will be housed in an incredible immersive space. 

 

The Matter is Void NFT project includes seven NFT works. One of these, titled Matter is Void – Water, will be on display at teamLab Planets.

 

“Although only one of the seven NFTs will be for sale, anyone can download and own the overall work itself, whether or not they own the NFT. In other words, the uniqueness of the work is not conferred by the NFT, and nothing can distinguish the downloaded work.  Regardless of whether a person owns the NFT or not, it is all still authentic.

 

teamLab’s work is titled Matter is Void. However, owners of the NFT can change this title, and this change will be reflected in all works downloaded and owned by people around the world. Even the text on exhibition at teamLab Planets will be rewritten!

 

The value of the work change depending on the text added by NFT owners. If the words are valuable, more people will want to own it–if the words are nonsense or without value, no one will want it on display. This will keep people from writing something offensive or useless. Everyone will want to write something that will make the value increase. It’s all decided by the owners!

 

Also, even if the NFT owner reverts back to “Matter is Void” after rewriting it in other words, the words “Matter is Void” will be written with different wording.

 

Once the NFT is altered, it will never go back to the way it was. That makes this a more novel and exciting experience!”

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