"Rarible Online Auction | Unlimited Edition: NFT Special, Multiple Popular NFT Auctions Until December 6th"

Auction Time: November 26, 2021, 14:00 to December 06, 2021, 14:00 (Taipei Time)

In recent years, the application of blockchain has developed rapidly, with Non-Fungible Tokens (NFT) becoming a new form of collectible and tradable asset. The Lavo Art Group will launch "ALL IN: NFT Curated – New Flow of Tweet" in autumn 2021, hosting its first NFT auction, along with physical exhibitions and a series of activities, leading collectors into a new era of art collection and becoming pioneers in NFT collecting.

NFTs, Non-Fungible Tokens, are issued on the blockchain. Unlike traditional fungible tokens like Bitcoin and Ethereum, where each token holds the same value, each NFT is unique, non-replaceable, and indivisible, carrying and recording immutable transaction histories. This characteristic allows NFTs to be utilized in various fields such as art, audiovisual creations, gaming assets, tickets, and more, playing a significant role in confirming ownership and preventing counterfeiting.

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New Flow of Tweet: A Redefinition of NFT

In the autumn of 2021, Ravenel reinterprets NFT with "New Flow of Tweet." We firmly believe that NFT represents not only its inherent uniqueness but also an alternative way of communication for the new generation. It has become a trend in social media to use different NFTs as avatars, where the choice of profile picture symbolizes an individual's identity in the virtual world. Choosing which NFT to display as an avatar represents the impression the owner wishes to convey in this virtual world and also signifies their identification with specific ideologies. Many organizations that use NFTs for identity verification are gradually emerging, as individuals purchase specific NFTs to become part of certain groups and organizations, indirectly fueling the current craze in NFT trading.

An Exhibition and Creation

At the moment each NFT is minted, a unique mark is inscribed on the blockchain; and with each transfer, nodes are etched on the irreversible timeline. Each node represents an immutable fact. With "time" as the main theme and "joint" as the imagery, this is the concept of the "ALL IN: NFT Curated - New Flow of Tweet" exhibition.

This unrestricted special exhibition specially invites the CEO of a well-known exchange, David Lo, to collaborate in curating NFT digitally. In the virtual world, where the concept of "space" disappears, the relativity of "time" still persists. Through the imagery of swinging beats for digital creation, it depicts how people find a place of refuge in the virtual realm at every moment in time. Reflecting contemporary phenomena with mirrors and metronomes in the physical exhibition hall, it conveys the potential of NFT technology to deconstruct the virtual world and reconstruct the physical world.

From November 26th to 28th, a three-day exhibition, besides presenting the NFT artworks in an avant-garde manner, will also include a series of lecture salons. Various experts from different fields will be invited to discuss topics such as collectors, art creators, the traditional art market, legal aspects, and more, bringing out different aspects of NFT through diverse themes and sharing insightful perspectives on NFT with the audience.

Hot NFT Items, First Acceptance of Cryptocurrency Payment

This auction will feature a dozen of the most representative NFT projects, including the highly sought-after Ether Rock with only 100 pieces, the 3D pixelated virtual characters Meebits, the hottest communities in the NFT market, and the BAYC Bored Ape Yacht Club held by many celebrities. Additionally, there are pieces like Geometry Runners created by artist Rich Lord and released on the generative art platform Art Blocks, offering a rich variety of items and types, making it Ravenel's first and grandest NFT auction.

Conducted through online bidding, bids can be placed on the Ravenel auction platform from November 26th to December 6th, using a "silent bidding" mode where the highest bid amount remains confidential. At the end of the auction, the highest bidder will win the bid by bidding one unit higher than the second-highest bid. This mode not only preserves the essence of bidding but also offers the advantage of private acquisition. It is worth mentioning that this auction will accept payment in the cryptocurrency Tether USDT for the designated items, marking Ravenel's first acceptance of cryptocurrency payment in an auction, aiming to provide crypto collectors with a simpler and smoother way to acquire their desired artworks.