Image by Decerry Donato
An Art Show in LA Brings Open Studios to Livestream Shopping
Last week, Los Angeles-based livestream shopping platform NTWRK collaborated with Known Gallery to host a two-day digital art fair. Similar to other livestream shopping, NTWRK only sells exclusive and designer items, some of which can be worth several thousand dollars. Unlike other livestream shopping platforms, NTWRK also stores the livestream video on the app for others to view later.
The lineup was curated by street art veteran Casey Zoltan and directed by mixed media artist Phil Frost and featured an array of L.A.-based artists including OG Slick, husband and wife duo DabsMyla and Joshua Vides. Other artists that were part of the lineup included Andrew Schoultz, Hueman, Askew, Nychos, 13thWitness and Shepard Fairey, creator of the OBEY brand, among others.
Photo by Decerry Donato
In the span of two days, each artist went live on the NTWRK app and showcased their collection and talked about their background. During this time, viewers and fans who were interested in purchasing any of the art pieces would go through a live-bidding process with other buyers.
The auction for each item would last several minutes and some artists also offered a "buy it now" feature for some of their smaller art pieces. The virtual show gave insight into the future of selling art with most of the artists going live in their own art studio. Others like OG Slick, however, got creative and drove around in their car to show viewers the murals they painted.
For the show, Fairey painted four OBEY art pieces that included the infamous icon face created specifically for the event—each of which sold for $5,000. Vides, a much younger artist, had a few hand painted skate decks for sale starting at $1,500 and the items that didn’t sell are still available for purchase on the app.
Similar to WhatNot’s format, viewers that tuned in to any of the artists’ livestreams also had the opportunity to interact and chat with some of their favorite artists in real time. Fans primarily focused their feedback on how excited they were for these collector’s items exclusive to NTWRK and the Known Gallery. Other viewers that tuned in were also chatting and responding to people who were new to the platform and gave them a rundown of how the auction went.
One fan told DabsMyla, “Love you guys so much. Met you at your Technicolor show and it was amazing.”
Since its launch in 2018, NTWRK has also created exclusive content with artists like Takashi Murakami and has collaborated with featured hosts like Billie Eilish, DJ Khaled, Odell Beckham Jr., Blake Griffin, Jonah Hill, Doja Cat and other prominent figures.
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Photo by Isaac Quesada on Unsplash
Snappt, in particular, addresses the problem of financial document fraud by rental applicants, by providing landlords with a software platform that can detect when pay stubs and bank statements have been fraudulently altered. More than just a surface-level scan, the software analyzes the source code behind the documents to make sure it matches that of legitimate forms by banks and financial institutions. The startup claims its technology has a 99.8% accuracy rate, while roughly 12% of the forms it processes are flagged as fraudulent.
Snappt co-founder and CEO Daniel Berlind
Courtesy of Snappt
“Financial institutions’ documents come in incredibly consistently,” Snappt co-founder and CEO Daniel Berlind told dot.LA. “A Bank of America statement will always come in with the exact same properties. And if you're going to move these properties around, there’s obvious evidence of that.”
Berlind and fellow Snappt co-founder Noah Goldman experienced such issues firsthand; their families both run property management businesses based in Los Angeles, and the pair would often consult with one another on problems they were having with tenants. In 2017, they noticed a surge of fraudulent bank statements and pay stubs; the numbers wouldn’t add up, or the format of various forms submitted from the same bank were inconsistent.
The pair founded Snappt that year and quickly gained traction with the platform, which is used at over 1,000 multifamily properties across the U.S. While real estate is still their target audience for the software, Berlind said other potential use cases could include mortgages, auto loans, utility bills and health care documents (such as forged COVID-19 vaccine cards).
“At the core of what we've built is a fraud detection engine,” Berlind said. “It’s more about how we tune it and the information that we have available.”
In a statement, Insight Partners managing director Thomas Krane said Snappt “is revolutionizing the rental screening process” by addressing “the biggest challenge for today’s property manager—lowering eviction rates and thus reducing bad debt.” Snappt claims its platform helped customers avoid more than $105 million in bad debt last year.
The startup’s previous investors include New York-based early-stage venture firm Inertia Ventures, which provided it with $1.5 million in seed funding, according to Snappt. The company did not provide its current valuation.
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Image courtesy of Riot Games
Riot Games President of Games Marc Merrill.
Image courtesy of Riot Games
According to Polygon, Merrill has played a more informal role in producing various projects for Riot Games in recent years—such as commemorating the 10-year anniversary of “League of Legends” in 2019 and producing Riot’s 2021 animated Netflix series “Arcane.” Now, Merrill is turning his focus back toward overseeing gaming content for the publisher.
“Marc is one of the key visionary leaders who helped create Riot, build ‘League of Legends’ into a global phenomenon and drive Riot’s mission to become the most player-focused game company in the world,” Laurent said in a statement provided to dot.LA. “We have ambitious goals for Riot’s next phase of growth—it’s truly just the beginning for our live games and we also plan to enter a few other, very different genres—and Marc is the perfect person to lead our Games teams in delivering those incredible experiences for players
Merill and Beck co-founded Riot Games in 2006; five years later, the company was acquired by Chinese tech giant Tencent. After the pair stepped down as co-chief executives four years ago, Laurent, Riot’s then-president of global publishing, took the reins as CEO.
At the beginning of this year, Laurent laid out his five-year vision for Riot Games—including plans to embrace a more flexible hybrid work model, an emphasis on diversity and inclusion, and designs on more seasons of “Arcane.” Laurent also said Riot will open more development studios around the world to build out its talent base globally.