On March 9th at 2 PM KST (5 AM UTC), GalleryCoin (GLR) was issued by CANVASN GALLERY PTE. LTD. successfully listed on LBank, one of the top 10 global cryptocurrency exchanges. LBank, on which GalleryCoin was listed, is a global cryptocurrency exchange established in Dubai, UAE in 2015, with over 6 million users in more than 200 countries around the world.
CANVASN GALLERY PTE. LTD., with a capital of 5 billion won and a strong business foundation that includes owning an offline gallery in Gangnam and possessing over 10 billion won worth of artwork, is an enterprise that operates solely on its own capital. Through the listing of GalleryCoin, the company plans to expand its business further.
Canvas N, which opened in early 2022, successfully minted 10,000 pieces of artwork for its NFT project, Milkomeda N, on OpenSea, and even held the largest domestic NFT offline exhibition at venues such as Seoul Auction.
Furthermore, the opening of the online art investment platform Canvas N in early 2023, it is challenging the global art market. Canvas N provides a registration, sales, and purchase service for both general and NFT artwork of domestic and international artists holds exhibitions through metaverse galleries and supports auctions. In addition, with the opening of an offline gallery in Gangnam in April, it plans to expand the versatility of the coin by crossing over between online and offline.
GalleryCoin(GLR) is a token-based cryptocurrency designed to be used in various fields of service related to the art investment platform Canvas N. It can be issued, transferred, and held through the Ethereum(ETH) public blockchain network and has been issued following the ERC-20 standard. The development of the mainnet is currently underway.
GalleryCoin(GLR) is used for various purposes within the platform, including transactions of physical artworks or NFT art pieces, and trading with artists from different countries. It can also be used as a reserve currency among auction companies and will be offered as a service to partners, galleries, artists, and coin holders. Additionally, it will be used within the Canvas N platform's metaverse gallery, NFT art certification, NFT issuance and NFT marketplace, art tours, and other services.
To commemorate the listing of GalleryCoin on global exchanges, an event will be held on the Canvas N platform on the 8th and 9th of March where participants can bid on the auction, Guess the 3-digit number and win a prize worth artwork worth 4 million won. In addition, various GLR airdrop events will be held for Milkomeda N holders and Canvas N members.
CANVASN GALLERY PTE. LTD. officials said, "Following the listing on global exchange Lbank, we will continue to list on domestic and international exchanges and strive to expand services to increase the value of GalleryCoin. We will focus on the continuous growth and expansion of both online and offline platforms. We also ask for your interest in Canvas N, which will soon open its official services."
▶GalleryCoin site: http://www.canvasn.io/
▶Canvas N platform: https://www.canvasn.co.kr/
▶Discord: https://discord.gg/milkomeda-n
▶Youtube: https://www.youtube.com/@canvasn
▶Instagram: https://www.instagram.com/canvasn_official/
▶Twitter: https://twitter.com/CanvasNofficial