Good to know!  I will make it happen right after we get out of the claim phase.

In this case, feel free to claim an NFT just don't sell it. 

It will be interesting to see how many others do this, because it will reduce the supply of the legacy pieces.

- Possession of the art piece is need to claim the NFT associated with it.

- If they did, the damage would be limited.  They can't invalidate your art piece.  The physical and CofA is authentication for legacy Cryptoart.

Interesting. Thanks for the feedback.

Just the back.  I could make it damage the front, but it seem like overkill.  It will be unsellable.  Happy to hear feedback.

Sure -

The unredeem/destroy processes is actually on the back (similar to legacy Cryptoart). When you pull a sticker off the back it tears the paper and make it really obvious that it can't be sold.

The NFC chip in front give you some quick public info about the art piece. 


Exactly.  After the new owner buys the NFT, they can redeem a new physical (with the same number) at cryptoart.com.  There is small reprint/shipping fee, but our goal is to keep that down.  BTW- this process has been happing in the gallery/print world forever.  If a gallery accidently damages a print, they can get it reprinted from the publisher.   The publisher requires proof that the original was defaced however (usually by tearing the corner).




If you sell the NFT without unpairing it (destroying the physical) it remains paired forever.   A new physical can never be created/redeemed.

FYI - This is reflected in the NFT's metadata (redeemable = TRUE/FALSE).  You can lookup any NFT in the collection on our supply page and determine if it is redeemable. 


One last point, I know this can be a little confusing.  Soon most of this will be abstracted away.  It's possible to make all this work without the user even knowing they are using a token/NFT in the background.  It will work like this:

1)

User: Go to cryptoart.com (or any gallery/artist using pairable tokens)
Background:  Prices of the art pieces are dynamically generated based on floor prices of NFTs in the aftermarket.


2)

User:  Buys the art with a credit card or whatever
Background:  Cryptoart.com buys the NFT, updates the metadata (to reflecting it being paired), and ships the art piece.

3)

User:  Enjoys the physical for years without even thinking about NFTs.  However, the user can occasionally scan their art piece and get a real-time value if they were to sell it.

4)

User: Decides to sell, pulls a sticker off the back (destroying it), scans the revealed QR code, and confirms the sale of the NFT.   
Background:  The NFTs metadata is reset, and the NFT is sold at the floor price.  This part is super easy if the user has a web3 wallet, but there is no reason the gallery couldn't sell the NFT and distribute the proceeds to the owner.  Now that the NFT is back in circulation, the process begins again. 


In summary,

- There can be only on physical
- If there is a market for the art/NFTs, the collector can instantly sell
- Collectors never need to worry about physically shipping anything
- Buyers always know they have an authentic art piece in perfect condition, and it is shipped directly from the gallery/artist.
- NFTs are used to help people collect physical art and can be completely abstracted away

This is the way NFTs should be used.   It's what I'm working to build.  Wish me luck!

The next step will be to have the NFT already inside the art piece when you buy it.  To sell you just scan it (which destroys the physical), and sell the NFT.  The next person can redeem it for the same numbered physical without concerns over shipping and provenance.  So, we're using tokenization to convey provenance and the right to create a physical.  This is how NFTs should be used IMO. 

Anyway, I'm aware 99% of the world hates NFTs now.  I'm also aware that I'm straddling the line between maxis (that abhor non Bitcoin chains) and degens (that think animal jpgs are cultural relics), but I'm going to try anyway.

Sorry to hear that.  Can you send me an email at troy @ cryptoart.com with a pic of the art piece(s)?   

I don't have any of those in the small certs.  I have a few of those images in medium/large.  Please send me an email. 

Also, we're still going to make physical Cryptoart, but the details will be a little different.   

1) Instead of them have a QR code, they will have an NFC chip:



2) They won't have wallets, but instead the ability to pair/unpair with an NFT. 

This means, that even if an image is sold out now, eventually you may be able to find the NFT and have it created. 



This was the image we did for the cover of Bitcoin Mag #21.  We never released it, but it will be dropped soon (as an edition of 21).  Again, you be able to make a physical by buying the NFT and redeeming the physical.

It's been awhile since I posted here - love that this forum is still cranking.

TLDR: If you own a physical Cryptoart piece, you can now claim a paired NFT token. No deadline, completely optional.

Claim Form: https://docs.google.com/forms/d/e/1FAIpQLScIAU_v50fHmSdZNazQSF1BMHDblZIGQ0KT0VIkST9FMkDofg/viewform?usp=header


What's This About?

We've tokenized the Cryptoart collection to solve a real problem in physical art collecting: aftermarket liquidity.

Most of you may know, we've been working on the next phase of Cryptoart - one that uses tokenization to solve a real problem for collectors of physical art.  Over the years, we published 6,564 physical Cryptoart pieces.  2,431 went unsold (most of the unsold are from a single edition).  We also create a few hundred promotional pieces that are not in the supply count and can’t be tokenized.  We're calling all the historically created art pieces legacy physicals.


Inspiration

Before launching the original Cryptoart brand in 2013, I spent over a decade selling physical art prints online.  For those around in the early Bitcoin days, you may remember the communal need to contribute whatever you could.  For me, it was art and a chance to collaborate with artists on a subject matter I was passionate about.  Merging art with cold storage also gave me a sense of helping the cause (teaching others about self-custody). 

As enjoyable as it was, I couldn't help but get discouraged by the lack of liquidity in the aftermarket.  This is nothing new with art prints. The vast majority of limited editions are single purchase only.  This is fine if you are buying what you like and/or supporting the artist, but most people want some value if they need to sell their collection. At the core of this issue is the friction associated with physical conveyance between collectors: shipping coordination, marketing to find buyers, condition disputes, and authentication concerns. These friction points prevent most physical collectibles from ever developing a meaningful aftermarket.

I believe tokenization/NFTs can fix this.  And no, I'm not talking about 10k PFP projects.  I mean using a token to actually solve a real problem for physical collectors. Specifically, collector-to-collector conveyance.


Introducing "Pairable NFTs"

Pairable NFTs eliminate conveyance friction by allowing:

• Redeemable functionality: NFT holders can redeem for physical pieces
• Unredeemable functionality: Physical holders can destroy the validity of their piece to "unpair" it
• Direct issuer fulfillment: New owners receive physical pieces directly from us, ensuring authenticity

This means your NFT has all the portability and provenance benefits while maintaining the option for physical ownership.  IMO, this is a really big deal for collecting limited editions and reproductions, and I hope others copy the model. You can do a deep dive in our docs.


Your Options as a Legacy Physical Holder

1. Do Nothing

• Your physical piece and Certificate of Authenticity remain valid provenance
• Future buyers can claim the NFT if they want
• Zero obligation or deadline
• Future owners of your physical can claim at a later date

2. Claim and Sell the NFT Only

• Participate in any developing NFT market
• Physical piece remains with you
• Your NFT is "already paired" (no new physical can be created)

3. Claim and Keep/Sell Together

• Sell as a complete set with enhanced digital provenance
• Create permanent "stories" timestamped on the blockchain that will travel to new owners of the NFT.
• Buyer receives both authenticated physical piece and paired NFT

4. Claim and Hold

• Maximum flexibility for future decisions
• Potential trading for new NFTs (we plan to offer this)
• Possible future "unpairing" functionality (would require destroying the physical)

An apology for the extreme delay on this.

This is a personal public apology for those that have waited on this.  I've talked with many of you, some by phone.  When the NFT hype cycle hit, I could have simply minted a bunch of NFTs and dumped them with no real utility.  That just felt like a cash grab. There would have been no relation between each NFT and its physical twin.  I actually began working on the pairable functionality in 2021, but the dev shop I initially hired couldn't get it done.  While things were being drawn out, I got diagnosed with CLL. I had to recalibrate.  Anyway, the journey has been long, but this is the beginning of the fun part.  New releases are otw, and having a tokenized collection has a lot of options.


One last point -

Bitcoin is digital gold and always will be, but Ethereum's tooling and smart contract capabilities made this type of tokenization possible. We're watching Bitcoin L2 developments for potential multichain expansion.

As always, feel free to reach out to me directly at troy at cryptoart.com.


Links:

Website: https://cryptoart.com
Claim Form: https://docs.google.com/forms/d/e/1FAIpQLScIAU_v50fHmSdZNazQSF1BMHDblZIGQ0KT0VIkST9FMkDofg/viewform?usp=header
Docs:  https://cryptoart.gitbook.io/cryptoart

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.

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 the 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. 

Remarkable.