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Ivana Alawi, Gloc 9 help launch digital marketplace VNT Vention

Social media star Ivana Alawi and rap royalty Gloc 9 are special guests in this weekend’s event to launch VNT Vention digital marketplace designed for personalities like them. 
Labeled Pancakeswap Fair Launch, the occasion scheduled this Friday (July 30) will formally inform the public what is boasted as the Philippines’ first NFT Marketplace for local artists and celebrities. Livestreaming on the site’s FB page and YouTube channel begin at 4 pm.    The program will be hosted by model Daiana Meneses and businessman-influencer Marvin Faviz.

NFT (Non-Fungible Token) is technically a unit of data stored on a digital ledger blockchain that certifies a digital asset “to be unique and therefore not interchangeable.” These tokens can be used to represent items such as photos, videos, audio, and other types of digital files. Its ability to confer uniqueness has apparently boosted the digital art community.

VNT Vention founder Julius Santillan urges Filipino artists, whether popular or struggling, to join its digital marketplace and maximize their potential to earn through their collectible items or works of art. 

VNT Vention founder Julius Santillan, a young cryptocurrency trader, and entrepreneur, noted during a virtual press conference last Friday (July 23), “Gusto naming suportahan ang mga local artists natin especially yung mga hindi masyadong nabibigyan ng pansin ng mainstream media. Tutulungan po namin kayo to sell your collectibles and works of art.”

The young pool Santillan leads in putting up this digital platform that involves selling and auctioning stuff online hopes that Filipino artists in general will benefit first and foremost from its noble cause.

The platform’s main objective is to encourage Pinoy artists, from musicians to painters and whether current toasts or seasoned acts, to use the blockchain technology to immortalize their works and distribute their masterpieces to collectors and fans. Vention argues that “by tokenizing their works and selling them on a digital marketplace, they can maximize their marketability and reach for potential customers.”

A report noted that last year, Startrek actor William Shatner ventured into digital collectibles and issued 90,000 digital cards on blockchain. It now provides him passive income every time a card is resold.   

“Ang NFT po ay maihahambing natin sa palengke na may mga stalls. Here, hindi mo na kailangan ng middleman at protected pa ang ownership ng gawa o collection mo,” added the boy-next-door-type visionary.

VNT Vention is touted as a global market venue focusing on artists and their creations. It is billed secure and would let anyone create, buy, sell, or collect digital merchandize with minimal platform fees. Its goal is to expand its user base and reach. It’s the first of its kind in the Philippines as it wishes to attract more local artists being the country’s first artist-focused marketplace with universal reach. 

Its site provides information as to how it will help its target community. That is, by providing a marketplace to be known, safekeeping arts and crafts, connecting people to art collectors, and ensuring them of a solid and supportive community.

Vention spokesperson Jacob Montemayor pointed out, “Nagcreate kami ng platform para sa mga Pinoy artists and celebrities para makatulong at i-showcase ang kanilang talents na kadalasang di narerecognize. For example, pwede nila ilako through Vention ang mga vinyl collections nila o artworks.”

The app presented a simple sample case to understand further how user-friendly Vention is. It goes: Peter is a young, talented artist with a painting good enough to be counted as a masterpiece. But he has no connections in the art sector. Upon finding Vention, he tokenized his work and put it up for auction through the site’s Auctioning platform. The highest bid for the painting ended up to be $1.2 million.   

Santillan said that they had already tapped notable artists interested in selling their collectibles. He hopes that several Filipino freelancers, especially in the field of arts, get to dig deeper into this 21st century marketplace and become recipients of good returns.   

For more information, check out VNT Vention’s site: https://vention.app/ 

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