Rationale -
Liquidity: This puts a floor under these prints. If you want out, you can get BTC now instead of waiting for a buyer.
Supply: We’re out of these pieces, and editions are capped, so we can’t just print more. We're converting the retired piece to a tokenized version, so we can offer it again without growing the edition.
Tokenization: A tokenized piece moves between Walls (a physical print) and Markets (a token). The token tracks provenance and carries the right to have a limited edition print issued. That lets collectors trade without shipping prints to each other, and it makes the supply of every edition fully transparent.
Retiring on video is an alternative to shipping the print back. It saves shipping costs and gives us proof that the piece is permanently out of circulation.
I understand this doesn’t appeal to you, Mopar, but we’re not creating animal JPEGs. Few have been more aggravated by NFTs than me. Physical art remains central to Cryptoart.
More info:
https://cryptoart.gitbook.io/cryptoart
