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.
I am a bit confused could you please elaborate further?
I have some questions:
1) If we choose to claim the NFT of a physical artwork that we already hold, will we still keep the physical certificate of authenticity?
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If you want to sell the art piece, you simply sell the NFT. "
2) If we claim the NFT, and then decide to sell the art, by "simply sell the NFT" (and deliberately keep the physical) who will be the "authenticated" owner of the artwork? The new NFT hodler OR the seller that still holds the physical artwork & the physical CoA?
3) In Cryptoart.com V1, "Selling your art piece requires physical delivery.". In Cryptoart.com V2, selling your art piece does not require physical delivery (of the physical artwork)?
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and the art will be marked as such."
4) How exactly the "art will be marked as such"? Which art piece, the physical OR the NFT? How will the NFT distinguish itself, if the new owner received the physical artwork too? (to be marked as such)
"
Physical art pieces created with the NFT are only for personal use."
5) What's the usage status for Physical art pieces created without the NFT ?
6) In "Cryptoart.com V2", you mention that "The authenticity will shift to the NFT". Does this mean that from now on, NFT will act as the CoA, hence it be provided instead of the physical certificate of authenticity (with every physical crypto art purchase)?
thank you in advance, and I wish you all the best. Looking forward to getting some NFT's for my current Cryptoart physicals....