Pak, a digital artist, has invited collectors to become creators as they bid for digitalized pieces of “The Creation of Adam.”
Currently, the second-highest-grossing crypto artist in the world just launched their next non-fungible tokens (NFT) auction, titled “The Creation.” And this time around, they didn’t have to create anything – alternatively, that job was delegated to Michaelangelo and the bidders themselves.
According to metrics platform CryptoArt.io, Pak is now the second-most profitable crypto artist in the world as his NFTs have been sold for around $5.2 million combined.
The drop’s main attraction is Michaelangelo’s most famous artwork, “The Creation of Adam.” The original, physical fresco painting made by the Italian artist that now forms part of the Sistine Chapel’s ceiling – as it has been for half of the previous millennia.
For the auction, Pak had digitized “The Creation of Adam” and cut it into 560 (35 by 16) different titles, each of which represented by an NFT. Collectors are invited to bid on any piece of the artwork they wanted, and when a tile is successfully auctioned off, it will be revealed on the collection’s main token contract named “CREATION.”
She added that Michaelangelo’s classical masterpiece has been deliberately chosen for this dynamic structure to encourage thought and dialogue centered around the question
“The final visual artwork will feature only the tiles that are collected, any tiles that are not collected will remain black in the final creation. In this sense, the collectors are also the creators,” she added.
“This payment structure has been put into place to ensure that not all tiles are purchased since, eventually, the minimum bid amount will increase to a very high price point,” Arif elaborated, continuing, “Only those 560 tiles live on this contract and only the collected tiles will be minted. The rest will not exist.”
The NFTs will be minted in the order in which they are collected and every token will be sent to the winning bidder afterward. MakersPlace will receive the standard commission of 15% of the proceeds while the rest will go to Pak. The auction is to last for 72 hours.
For up-to-date Cryptocurrency, Blockchain, and Crypto-mining news, please join our Telegram Channel.