Reprints will be in the new form.   My advice would be to hang on to it and see what the NFTs are worth.  There is no expiration on claiming your NFT.  Logic says physical errors will be worth more as they become more scarce, but who knows with the NFT market.

Fixed.  Thanks!

Update:


I think I might have come up with a way to ensure that there isn't more than one copy of the same edition number in existence.  

More to come.

Everything should be on there now.

Noted.  It wouldn't make sense to mint something if the NFTs aren't selling for much more.    Eventually, interoperability will allow you to move the NFT around to different blockchains.  It requires us to put the contract on all supporting chains, but it is something we've stated as a future goal.

No, but it wouldn't save you gas fees anyway unfortunately.   We looked at this.  We even trying patch processing on polygon, then bridging to ethereum.   

All the NFTs will be on Ethereum at this point.  The imagery on the art piece is independent of the NFT.  Having said that, it is our goal to allow the NFTs to travel to other chains via bridges.   

We used two different printers to create the CofAs.  It looks like the neutral was just a misprint. 

Ok, I'll add it today.




Good question.  Anything we printed previously is a relic of the past.  We won't try to make a print with the rough edges.  I don't know how the market will eventually play out, but it seems like a good strategy for you would be to claim the NFT, then sell the NFT bundled with the rough edged physical.  If you sold the NFT by itself, you invalidate your ability to sell it.



There are 400.  You have a misprint. 

I agree this is the case for PFP projects, but I don't believe this is the case for 1/1s and editioned NFTs.   If you know some, please let me know.  I would be curious to see how they do it.  I hope all will eventually. 

Only new prints (that are created with the NFT) will be marked on the back.  It will be marked by us during publication.  If you have a physical print, you don't need to do anything.




If you want to transfer ownership, you need to transfer the NFT.  That's it.  The only reason I mentioned optionally including a physical is because some people may want to load the NFT on to the art piece.





I'm glad you used this analogy.  If previous copies of art pieces are not valid for resale, their velocity is zero.  The fed could print a bunch of new money, but if it never makes it to a bank's balance sheet, no inflation.

In fairness though, the NFT could travel around to many buyers and each of the previous owners could have a non-transferrable version on their wall.   This brings us back to the realization though that anyone can make a print of an image and hang it all their wall.  It doesn't affect the available supply.


As an alternative approach, we could make it so that when someone creates an art piece using the NFT, they surrender the NFT to us.  We could then embed the NFT in the art piece we created for them so that it's removal would damage the art piece.  This would stop previous copies from being in existence.   This was actually our original idea, but after some consideration we realized that the friction it caused didn't really solve anything given the argument above.   I'm open for thoughts on this of course.





The NFT is the authentication and an art piece can't stand alone without it's NFT.   I think it may be confusing to you that you can sell someone an art piece as long as the NFT is included.   Think of it like this, you are really just selling the NFT, but including an art piece to save the new NFT owner the cost of creating a new piece.   


To put it in these terms, the only authentic art piece is the art piece with the NFT. 



If the prints from the museum shop had the term "not valid for resale" they would have little value.



I think I see the source of the confusion.  We could simply mark all new pieces as "not valid for resale."  This would bring the point home that the NFT is the ownership.   Most people will simply sell the NFT by itself anyway.  As mentioned above, marking new pieces "not valid for resale with the NFT" accomplishes a similar result in terms of supply availability.   I'm open for feedback on this.




You get your number.  But, you will never see multiple copies of the same number for sale because only one person has the NFT.  You can't sell anything without the NFT. The art pieces without the NFT are not validly transferrable.




No worries. It can be confusing.  I think the ah ha moment I had was when I realized that the value of editioned art (in this case prints), is not in the media it is on.  The cost to make a print is very small.  The real value is your right to enjoy something scarce, and even more so, your ability to sell that scarce enjoyment to others.

All of this is an experiment. 

Funny, looking back at my original post in 2014.  It took a long time just to find my first artist to produce Bitcoin themed art.  99% had no idea what it was, and if you googled Bitcoin at the time you were hit with a bunch of money laundering, drug cartel, pedophilia blowback from the status quo.   Now artists fight to make a name for themselves in the crypto space.   I love that it was a fierce, dark and wickedly talented Ukrainian that led the way.

Absolutely!


Yes.  When you claim the NFT, the CofA becomes void.  We will have a look-up tool on Cryptoat.com that allows people to check if a specific NFT has been claimed


The current NFT hodler.   In fact, you are perfectly entitled to keep the physical.  You just aren't entitled to sell it without the NFT.  




Nope.  Just drop the NFT on Opensea or another marketplace.  The new owner can then reprint or enjoy the art in any form they like.  Think of it as form agnostic.



The physical will be marked as "not for sale without the NFT provenance" on the back.   Not sure I follow the last question, so feel free to rephrase if I didn't cover it.



If you are the NFT owner, you can use them in any way as long is you don't sell physical or digital goods commercially.   i.e. dilute the supply.  

If you have a physical good without the NFT, it is considered an invalid piece.  Much like reproducing a copy of the Mona Lisa, you can keep it personally, but it won't have a secondary market value.  


Going forward on new art pieces, yes.   It doesn't affect selling V1 physical art pieces, except that the potential buyer will want to check our website (or etherscan.io) to make sure the NFT has not been claimed.





You are welcome! These are great questions.  This is why I posted here first.  This will help with the FAQ and also help to align the message.    

Best,

Troy

A little more clarity:

Current Cryptoart owners don't need to do anything.   If you don't claim your NFT, nothing will happen.  If you decide to claim your NFT, the authenticity of the art piece is now placed on the NFT.  

1) Cryptoart NFTs will offer the same benefits as other NFTs already out there.

2) We are going to clarify additional rights that give NFT owners the right to print the image on various media or display the image for their own enjoyment.  This is something most NFT projects are lacking.  So, you can print the image on a coffee mug for yourself, but you can't start printing and selling them commercially.  

3) We'll offer NFT owners the ability to print the numbered edition on cryptoart.com with wallet capabilities.  It will be marked as non-transferable without the NFT however.  So, it will look a little different than V1 art pieces.  


Hope this helps.

Hey, Folks --

I wanted to give everyone here an update on how the Cryptoart.com project is moving forward.  I spent a lot of time on this forum back in the day (under a different username).  I can't believe the Wall Observer is still cranking! Anyway, I know some of you have purchased art pieces over the years.  Thank you for that.

How the art on Cryptoart.com will change:

It should be noted that we are in no way abandoning physical prints/collectibles. We're simply changing how provenance is conveyed, and only if you decide to claim your NFT. NFTs are portable immutable records that prove and transfer ownership of an underlying asset really well. I don't believe an NFT is art, but NFTs help unlock the value of the underlying art by allowing it to be authenticated, enjoyed in different forms, conveyed to others, and sold in marketplaces like Opensea.

Cryptoart.com V1 (The old way):

The physical Cryptoart you own now, along with the certificate of authenticity, represent an authentic art piece.  Selling your art piece requires physical delivery.  

Cryptoart.com V2 (The new way - only if you decide to claim your NFT):
 
The authenticity will shift to the NFT. The NFT allows the owner to enjoy the art in virtual spaces and grants the owner the right to reproduce the image in the physical world for personal use.  If you want to sell the art piece, you simply sell the NFT.  

Physical art pieces created with the NFT are only for personal use.  They can be sold, but only with the NFT and the art will be marked as such. This prevents unauthorized copies from increasing available supply in the market.  Placing provenance exclusively on the NFT will make the aftermarket more transparent, and even allow us to incentivize scarcity.  More on that to come.

When can I claim my NFT?

We're still finishing up the smart contract work.  We expect it to be completed in the next few weeks. *That isn't when the claim will begin.*  Here is the process:

1) Complete this google form for each art piece you have:

https://docs.google.com/forms/d/e/1FAIpQLSdt9FXrbk3EedgsqgcrNVWy2iPNIpUetrwQ3JMZrqyHHHU4IA/viewform?usp=sf_link

Feel free to start this now.  I know this is tedious if you have many pieces, but we need to manually authenticate each art piece.  This process underscores the need for NFTs.  You will need the Ethereum address of your Metamask account that we will whitelist.

2) Mint the NFT.  When the time comes, we will direct you to a page that allows you to mint the NFT. There will be some gas fees associated with the process that are dependent on network congestion. There is no obligation to claim the NFT and there are no plans to expire your claim on the NFT.


Creating Scarcity:

Over the years we released about 25 crypto themed art pieces as limited editions in various sizes.  In total, this translated to almost 7,000 art pieces of which ~2,500 (~1,000 are from a single edition, crypto nouveau) were still available when we paused sales earlier this year. Our plan is to immediately burn 50% of the remaining art pieces.  When we relaunch, we will drop 500 pieces as NFTs.  The remaining NFTs will go to devs, founders, and a foundation that will eventually live at cryptoart.org.  There will be a vesting schedule for devs and founders.

Things are still fluid, and I highly value the insight of those in this form.  This is why I’m posting here first.  I welcome feedback here or directly at Troy at cryptoart.com.

We don't plan to go pure NFT, but we are working on a plan to incorporate NFTs for past and future collectors.  More info on this is coming very soon.

We load coins into artwork.  Most of it will not move, and some of the smaller amounts are probably forgotten about.  It may not be much, but it is probably in the $3k-5k over the last couple of years.

We're working on an Ethereum Cryptoart piece. I'm looking for symbolism. We already have an idea for the image, we just need to sprinkle in some symbolism. This could be images, concepts, numbers, etc. All ideas welcome. Thanks!

Hmmm. Haven't posted here in quite some time. Can't seem to get images to work.  Posting links between the IMG tag just gives a link.

Time to start keeping this thread current with our announcements.

New Cryptoart edition released:  The Halving II (Moon or Bomb?)...













We've added a new Cryptoart edition! 
http://cryptoart.com/product/bitcoin-the-halving-ii-moon-or-bomb/


This is the sister edition to the “The Halving” created by artist Christina Hess in celebration of the Bitcoin Halving.  This piece represents the time period from the 2016 halving to the next halving in 2020 and pays tribute to BTC price speculation.  Some suggest the reduction in Bitcoin inflation will create more scarcity and increase the price.  Others suggest a reduction in block rewards will reduce miner participation and make the network less secure.  The discussion seems ably illustrated as war-time propaganda.

The central element of this art piece is a rendition of the tally stick — an ancient device used to record debts between two parties.  A stick was marked to signify the debt, then broken and given to each party.  The larger half was given to the creditor and the short end given to the debtor.  Similar to the private-key to public-key relationship of cryptography, only one pair could be combined to verify the debt.  In this regard, tally sticks represent sound money by not contributing to fractional reserve banking.

Would someone that speaks Italian be so kind as to translate starting at 48:00?  I could get this done professionally, but it would be nice to have person familiar with Bitcoin terminology do it.

Thank you!