Creating a world record NFT collage | 1200+ artists already on board 🚀

5.000 artists are uploading one artwork + a link to promote their work 

The resulting collaborated collage is minted as an NFT and auctioned

Submit your artwork now!

Creating a world record NFT | 1200+ artists already on board 🚀

5.000 artists upload one artwork each + a link to promote their website

2. The resulting collaborated collage is minted as an NFT and auctioned on opensea.io

3. Proceeds of the auction are distributed among all artists and CryxelNFT

FAQs

1. Why is not the whole process of this project recreated on the blockchain?

I really tried to make this work in smart contract code. However, the image upload process, NFT creation, automatic listing on opensea.io – or comparable and distribution of proceeds require tremendous amounts of gas fee. As you all know, gas fees on Ethereum have been exploding lately. For your wallet’s and nature’s sake, I decided this is the best way to go.

2. Once all Cryxel are sold, how is it ensured that no one else just mints the NFT and sells it?

Unfortunately, this risk cannot be eliminated. But let’s be realistic. Louvre doesn’t keep its doors closed just because anyone can take a picture of Mona Lisa and sell it (btw, don’t try this, it’s not allowed). In the end, NFT collectors and investors firstly pay for the artist’s name first, then secondly for the artpiece itself. The official auctioning account will be “CryxelNFT”, representing all of you.

3. What if nobody enters a bid on the auction?

Well, let’s not be so pessimistic in the first place 🙂 I believe this is a great idea. Depending on how cool all your contributions are going to be, I see no issue with achieving a great price for this artwork. Also, everyone of you has a say at which value to start the auction. Should we end up in a bad place, one solution could be that I set up another voting process on how to proceed (e.g. on selling multiple mints). But honestly, I really don’t deal with this question and have solid faith.