'LAGO,' the new startup in the Web3 space that has already raised $4.2 million USD in a pre-seed round of funding, has announced the 'LAGO Frame.' The LAGO Frame is a physical picture frame with smart features and digital elements working behind the frame. The picture frame itself connects to a companion application to verify the ownership of NFTs on the Blockchain before displaying these NFTs.
Essentially, an image displayed on the LAGO Frame means the owner of the frame actually owns the NFT as well. With this product, LAGO hopes to legitimize the collection of NFTs in the real-world collector space, drawing in new community members who were previously unaware of the value of the Blockchain. The LAGO Frame is a square that measures 33" corner-to-corner. Customers can join the waitlist for the LAGO Frame at LAGO's website. The MSRP of the LAGO Frame is $9,000 USD.
Phygital Picture Frames
The LAGO Frame Showcases Blockchain-Verified NFTs in the Real World
Trend Themes
1. Phygital Art - Opportunities to create physical-digital art that utilizes smart features and blockchain technology to verify ownership and legitimacy.
2. Blockchain-verified Collectibles - Trend of creating physical collectibles that can be verified on the blockchain to ensure authenticity and ownership.
3. Smart Picture Frames - Emerging trend of smart picture frames that connect to companion apps and utilize digital elements to enhance the user experience.
Industry Implications
1. Art Industry - Opportunities to leverage blockchain technology to create legitimate and verifiable physical-digital art.
2. Collectibles Industry - Opportunities to expand into the blockchain-verified collectibles space, offering collectors greater assurance of authenticity and ownership.
3. Home Decor Industry - Opportunities to incorporate smart technology and digital elements into picture frames, providing users with enhanced features and functionality.