Art Block

Problem Statement

Art Block solves the problem of “the starving artist.” Our platform crowdsources artist commissions for new original work, with royalties built into the NFT contracts.Our unique smart contract uses multiple steps in an NFT token that over time changes its nature, but still points to the same final deliverable - the commissioned Digital Original and the Digital Limited Editions.The benefits of our commission model are that it ensures artists are paid upfront - inverting the process where artists create work, offer it for sale, and then receive payment. For collectors, the commission model reduces the costs and risks of commissioning new work by sharing these amongst a group of people.

Solution

Description: Our NFT contract mints NFTs as pledges get accepted,We prototyped a simple contract, but we plan to incorporate the UpgradeableBeacon pattern before going live. We have a few ideas around storage isolation and multi-versioning IPFS manifests to save gas and improve future readability of data.Still to be implemented: a web UI for artist to starts the process by providing and signing the following data with their secret key:Data about themselves and the future art worksStart and end datetime of the pledge campaignMaximum number of Editions to be be mintedMinimum (and optionally a target) amount of funds to raiseMinimum price per editionAdditional data to be included in the LedgerCampaign payment structureFuture proofing for potential automatic execution (ex. expiry dates, sale limits, perpetual royalties).Royalty and any other numbers