THE OTHER AVATARS
Non-Fungible Tokens (NFTs) are unique digital items stored on the blockchain where ownership can be tracked and verified. NFTs may come in the form of JPGs, GIFS, audio files, or any other digital file type.
You are purchasing a token on the Ethereum blockchain uniquely associated with a digital artwork, which proves the authenticity and provenance of the artwork.
Yes! After the NFT launch, we will feature the physical works produced as part of this project on Saatchi Art. Physical artworks will be purchasable on Saatchi Art through the artists’ portfolios.
The price to mint will be shared as we get closer to the launch.
The maximum number allowed to mint will be determined prior to launch as we assess interest.
The majority of all the proceeds for this project will go to the artists. Just like physical artwork sales on Saatchi Art, artists will earn 65% on the sale of their avatars. This will also extend to royalties earned from secondary sales.
An exact date will be announced as we get closer to the launch.
We want this project to live on Ethereum because it is the most popular blockchain for NFTs and is likely to have the most staying power and relevance in the long-term. That said, we recognize the current inefficiencies of the Ethereum blockchain’s Proof of Work protocols with regards to energy usage and environmental impact, which is why we are exploring different options to mitigate some of the potential environmental impacts of the project. Our efforts here will not impact our artists’ earnings on the sales of their NFTs. More details regarding this process will be shared prior to the launch.