You might have come across Madrid based studio Kawamura Ganjavian before with their weird and wonderful experiments with objects to amplify the sense (on Core77 here) or their recent "Binpan".
Studio KG's newest creation is a lovely foldable felted seat that is intended to bring a touch of cosiness to sleek, contemporary furniture. When folded up the Oyster acts as neat little cushion only to tranform into a very snug "private shelter" when unfurled.
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