The inaugural exhibition in the new space, Transgression throughout the Volatile World, will take place from 22 May.
The work is the second most expensive Nara ever sold at auction.
The committee selects which galleries can join Ocula as members, ensuring only leading galleries appear on the site.
International galleries Balice Hertling, Gladstone Gallery, and Pilar Corrias will all take part in the event for the first time.
The 3 million yen prize is a catapult for mid-career Japanese artists.
Each artist has their own curated exhibition on the slick new website, which seeks to build their profiles abroad.
New digital projects developed in response to a tumultuous 2020 aim to bolster the event's long-term sustainability.
Images of every artwork in the exhibition will appear online, along with artist profiles and more.
The winner of the $30,000 opportunity was chosen from eight finalists.
The online event came together quickly after the physical fair was cancelled due to the pandemic.
The festival will explore artists, filmmakers and activists' responses to the glut and degradation of information.
Leading global galleries Perrotin, Templon and Almine Rech are among those joining the fair for the first time.
Commissioned by the Durjoy Bangladesh Foundation, nine artists have created works that aim to inspire hope.
In an art world about-face, José Roca says he will shy away from commissioning new works in favour of supporting existing projects.
Organised by the Taipei Performing Arts Center, the event features webcam dances, researcher browser history reveals, and artistic reimaginings of the future.
Online art presentation Taipei Connections concluded on May 10 following strong engagement from galleries and collectors.
With galleries closed around the globe, the virtual rooms are a unique space to share art works online.
The 3 million yen prize is awarded to mid-career Japanese artists who 'deserve global recognition'.
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