The 100 Project is the world’s first crowdsourced NFT, a truly collective work of art. Once all pieces are filled, the final artwork will be minted as an NFT, with profits going to the owners of each piece if sold—so buying a piece is also an investment.
Great idea! Thanks for sharing! How will the value be created once the digital piece is created?
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Maker
@james_afino Thanks James! Although we can set a reserve price, the value will be determined by the market (the bidders in this case). We're assuming that if all pieces get filled, the value of the piece will start off pretty high since it would carry the backing of 100 individual artists behind it.
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cool idea! will the artists involved also get resale royalties?
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Maker
@teastainedprince Yes! Foundation offers 10% perpetual royalties, so that would translate to 0.1% for each individual artist.
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@traf any idea on why original slots have been reallocated? Mine was 4th in, now moved to 38?
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Maker
@nonpersona We were experimenting with different layouts but reverted back to how it was!
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