The World’s First! Global Participation NFT Awards to be Held in XANALIA and the VR Metaverse

NOBORDER.z FZE (Representative: RIO TAKESHI KUBO), an entertainment technology company developing the next-generation NFT marketplace (XANALIA), in collaboration with Pony Canyon Planning Inc.(President and Representative Director: Hideki Ohyanagi), Fujiland Corporation Inc.(President and Representative Director: Yoichi Okabe),and Fuji Creative Corporation, Inc.(President and Representative Director: Kazuya Maeda) to present the “XANALIA NFTART AWARDS 2021″, a global NFT award to identify, encourage and support new NFT creators around the world. NFTART AWARD 2021”, this event has been already announced by the officials.

This award is the world’s first NFT art competition event. NFT digital arts, which is currently attracting attention globally, are invited from all over the world to be auctioned in the form of “NFTART AWARD” excellent works are awarded by auction ranking and jury voting. This is the world’s first NFT art competition event. In addition, the nominated works and the award ceremony will be held in the NFT metaverse ( XANA ), which NOBORDER.z develops in a borderless format.

■ Purpose of the project

In 2020-2021, the whole world was hit by the novel coronavirus (COVID-19) pandemic, which radically changed people’s lives. In the fight against the virus, people are forced to avoid physical contact with others, and the wave of “digitalisation” has accelerated. As a result, the digital world has evolved into a network that connects the world more closely.

In this context, the revolutionary innovation “NFT” (Non-Fungible Token), which utilises the basic technology of “blockchain” (virtual currency) to revolutionise entertainment, has been put to practical use and is beginning to open up new possibilities in the genre of “art”.
NFT is a blockchain token. “NFTs are digital data issued and distributed on a blockchain, and by storing the associated meta-information on a blockchain which is difficult to tamper with, the information equivalent to a certificate of authenticity and a certificate of ownership is stored and disclosed in a state which cannot be forged. The information is stored and made public in a state that cannot be forged.

Since 2021, the world has seen an explosion of interest in this technology, which has begun to be applied to a wide range of art, music, games, content and IP. This innovation allows artists worldwide to present their copyrighted “art” with confidence and to add value freely. A marketplace has sprung up around the world where NFT art can be displayed, appreciated and traded.

Christie’s New York, the leading auction house in the world for over 250 years, held an online auction (25 February – 11 March 2021) of an NFT artwork by the artist ‘Beeple’ entitled Everyday: The First 5000 Days” by the artist “Beeple” was auctioned for a record-breaking price of $6,934,250 (approximately ¥7.5 billion).

The XANALIA NFTART AWARDS 2021 is designed to give hope and dreams for the future of artists, creators and “golden eggs”, regardless of age, nationality, gender, professional or amateur, who have had limited opportunities to present their work. XANALIA NFTART AWARDS 2021″ will be held in the hope that it will be a chance for everyone to enjoy art more freely and easily.

■ Summary of application

[Flow of the Event]

[Regarding the Applications(entries)]

• The work will be displayed on the XANALIA Marketplace and sold at auction as an NFT with the same asset value as a real work of art.
• The “XANALIA NFTART AWARDS 2021 Project” will manage the submitted works.
• The copyright of the selected “nominated work” belongs to the author but may be used by the organising committee to announce the competition results and for advertising purposes.

■ Prize

[AWARD] The top works will be exhibited in a state-of-the-art virtual space. The three best works will be selected by a Judges vote and auction, and the following cash prizes will be awarded as extra prizes

• The prize money will be used as an advance of the royalty to be distributed to the copyright holder from the subsequent sales (profit from sales) of the work in question (advance money => profit guarantee).Of course, in the event that the revenue share exceeds the prize money, the excess will be paid out permanently in the subsequent payments.
• The NFT Marketplace system will permanently allocate the royalty fee for the original copyright to the creator (original author) when the work is sold in the primary auction and subsequent permanent secondary transactions.
• In this event, the sales return (rights fee) will be 50% of the sale price for the first sale (auction) and 10% of the sale price for each subsequent resale (resale) on a semi-permanent basis.
• Other than the prize money, the distribution of sales revenue to the creators (original authors) will be paid in virtual currency such as Bitcoin.

■ Schedule

※The entries to the marketplace will be published in the order in which they are received.

■ Judges Introduction

■ Points to Remember

• If your work is not selected as a ‘Nominated Work,’ it will not be converted to NFT and will not be exhibited.
• However, works that have already been converted to NFT are not eligible for this event.
• If there are no buyers at the end of the exhibition, we will continue to sell the work at the fixed price, but we may withdraw the work after a certain time.
• The number of entries per person can be as many as you like, but the number of ‘nominated works’ may be limited.
• Any work that falls under any of the following categories will be disqualified from the selection process. If plagiarism or copyright infringement is discovered after work has been nominated, it will be immediately disqualified.
  1. Entries that violate a third party’s copyright, trademark, patent or other intellectual property rights, portrait rights, privacy rights, or any other rights under the laws of any country.
  2. Any content that defames or libels a specific person or damages the reputation or credibility of a specific person. In addition, any content that provides personal information about a specific person without that person’s permission.
  3. Content that violates public order and morals or the laws of each country. Any content that is, or maybe, contrary to public order and morals or the laws of any country.
  4. Any other content that is deemed inappropriate by the Project Committee as listed below. (above are Examples only, not limited to these)
     • Violent, grotesque, or other material that the general public would find offensive.
     • Discrimination or encouragement of discrimination based on ethnicity, race, religion, gender, nationality, etc.
       Content that contains an explicit sexual expression.
     • Any content that contains political claims or political content leads to the solicitation, dissemination, profit sharing, or cooperation of specific religious groups, anti-social forces, political groups (including similar groups), or ideological groups.
     • Any content that may lead to the invitation, dissemination, benefits provision, or cooperation of specific religious groups, political groups (including similar groups), or ideological groups.
     • Any content that may lead to the invitation of Infinite Chain Scheme, Multi Level Marketing, etc.

■ Organisation and Management

XANALIA NFTART AWARDS 2021 Project
(NOBORDERZ FZE / Pony Canyon Planning Co., Ltd. / Fuji Land Co., Ltd. / Fuji Creative Co., Ltd. )

■ About XANALIA

XANALIA is an NFT marketplace that is currently attracting global attention, having won the “No.1 Expected NFT Marketplace” award in Japan. It is developed by NOBORDER.z ZFE and managed by XANALIA Limited. It is the world’s fastest-growing NFT and DeFi (Decentralized Finance) marketplace, with a diluted potential market capitalisation of over $1.4 billion in just one month after its launch on March 7, 2021. The fact that the company is still trading at a high of $700 million shows the company’s high level of global interest. In July, it was ranked eighth in the world in terms of the trading volume.
The company has released several groundbreaking NFTs globally, including an NFT of a virtual fashion show during Milan Fashion Week 2021, an official NFT art piece of Hokusai Katsushika, one of the greatest Japanese artists the first NFT linked to a TV drama in China.

■ About XANA

A metaverse (virtual space social media platform) developed by NOBORDER.z, all assets created in NFT on the blockchain. Users can dress themselves up as avatars, interact freely, and enjoy various virtual content developed by other users and other companies.
It has been used by various companies and organisations, including Koto-ku’s art exhibition for the Olympics and Paralympics, a global DJ event, and an e-sports tournament in South Asia.

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