Volume (3000-4000 NFTs)
I believe around 25% of my past work will be recovered (My Story) with the help of collectors, patrons, curators, family and friends. Together, with my current body of work, I estimate the result will be between 3000
to 4000 NFTs within the next couple of years. So you can think of my NFTs as a
slow and personal rollout of one of the larger dropped collections.
Currently I am issuing two sets of NFTs -- landscapes of the Rocky Mountains rendered in either oils or watercolor. I chose these painting for a very simple reason -- I had all the images ready. I have been selling prints of them online for the past few years and they are doing quite well. Of the paintings that have been destroyed or lost I now have several dozen slides that will be digitally converted for future NFT collections.
As a rule I will keep the Masters (they comprise the heart of the Archive) and the first run of every limited edition. In the time old tradition of block printing, I have set these limited edition numbers very low -- only one through ten (each one though is a unique NFT just like each print pulled from an inked block is).
No Plain Vanilla NFTs (unique Royalty 5%/5%)
Though my NFTs are born in the third dimension I do not
intend for them to be stale or irrelevant. Together with the good folks at
The EQT Development Team I believe I am presenting a "first" for the NFT
From my vantage point there is a serious flaw to the NFT royalty system -- mainly that it is ultimately based on good will. For example if my NFT has traded several times on OpenSea and is then traded on another platform that does not "enforce" the royalty and that same NFT is then put back up for sale on OpenSea -- OpenSea will not re-establish the royalty nor enforce it. From the creator's economic viewpoint the NFT is no more. There will always be bad actors where greed is concerned and the creator pays for it when a seller decides to sell and zeros out the royalty. Eventually, without a solution creators will stop producing valuable content and only junk will populate the marketplace.
The remedy to this, at least to me, seems obvious. There must be a fiscal incentive to keep the NFT in the networks that honor the royalties. I believe I have found such an incentive and together with the Development Team it has been built. These tokens have a unique royalty distribution system: 5% goes to the creator and 5% goes to the previous seller when the NFT is resold by the new buyer. Paying it backwards so-to-speak. This incentivizes buyers to keep honoring the NFT's royalties. If they do the right thing and sell it in an honorable market, they will get future money that they would never get if they break the trust. "Pay it forward backwards royalty system" is its working title. I am open to any better suggestions.
The PBRS Token isn't a pipe dream, it exists! You can
trade it here! Better yet, as my thanks to the Development Team the initial purchase of my NFTs on this site will be offered at 20% off as compared to all other platforms. I have set aside two complete limited editions of both the oil and watercolor series. Don't worry about being restricted to this experiment -- you can also sell and buy these NFTs again on any other accepted platform that honors royalties and does their best to enforce them such as OpenSea and Rarible, but without any of the special feature of the PBRS; they will simply act normally like any other NFT (the creator will receive 10% royalties).
Why did I just give away 5% of my royalties and a 20% discount? Well, one thing is I love experimenting. I hope OpenSea, Rarible, Blur et all will take notice. The royalty concept is a boon for artists, which I strongly believe in. It provides economic stability and nurtures future productivity and must be protected. So the PBRS token is quite serious for me. I want to see it as the norm and am gladly giving away 5% to get the conversation started. In the end I would rather see a 15% creator/10% previous seller split. We settled on the 5% mainly because we didn't want to exclude the largest NFT marketplace, OpenSea. OpenSea's cap on royalties is 10%.
Omnitokens (free NFTs)
One of my most dire stumbles was to create 410 NFTs outside the framework of OpenSea and the like. The NFTs had no royalties with no ability to add them. This of course is a major flub considering royalties are the main incentive for a creator to create an NFT. Turning lemons into lemonade the Omnitoken was created —a zero royalty collectible promotional NFT that is an artwork all in itself. I consider them something akin to posters
for a band or movie. If you have an intact Beatles poster from the 1960s then you really have something. Did I mention the omnitokens are free?
The Development Team
Again I want to thank the EQT Development Team for patiently and kindly walking me through the world of NFTs. My learning curve was pretty rough. I didn’t know a json file from Friday the 13 or Jason and the Argonauts. I made many mistakes and learned tons about a world I had only heard of. The growth has been exponential with much more to go.