Plan is to have a NFT marketplace that is able to create and sell digitalized graffiti artworks and through implementation of smart contracts give compensation to artists that made the piece, as well as designer which digitalized his art work. We will create a web shop for buying and selling NFT's with an option to create new piece by sending a picture of local graffiti art and get compensated for added value to the marketplace. Plan is to set up a website that acts as a web shop for NFTs that are minted graffiti art replicas. each token created is a unique art piece with data about location, time it was created and information about the artist and the art. Website will connect interested people with digital artists that will digitalize and mint graffiti arts sent to them when they confirm validity of the information about that particular piece. The website will also have merchandise section where users will be able to have their digitalized graffiti arts printed on shirts and hoodies and their token will there act as a mold for creating merchandise. For each sell of merchandise, artist, digital designer and the owner of the token that is acting as a mold will get compensated through a smart contracts. Other marketplace feature will be to connect enthusiasts with digital artists which will digitalize art pieces for token minting. By digitalizing art pieces designer gets to be a part of the creation of token and gets compensated for each transaction made with a token he helped mint.
Timeframe:
Digitalizing first 50 graffiti artworks- october 2021. Creating first rough website to promote and offer graffiti NFTs- november 2021. Minting first 50 NFT's- end of 2021. Creating a functional website with a web shop and all the features-may 2022. Offering of merchandise with minted artworks-september 2022
If the price of token is 150 Ada:
Original artist - 30% - 45 Ada Digital designer - 20% - 30 Ada Marketplace - 50% - 75 Ada
If the price of merchandise is on average 50 Ada, for each merchandise piece sold:
Original artist -20% - 10 Ada Digital designer -10% - 5 Ada Owner of token- 5% - 2,5 Ada Marketplace - 75% - 37,5 Ada
For each merchandise piece created, the information about that piece is stored on block chain as a metadata of that token. That way everryone can inspect how many merchandise is sold of a particular artist or of particular graffiti NFT. Funds needed here are for marketing and creating a website for promotion of first 50 graffiti pieces as well as collecting information about them. This proposal will be done in stages to see if there is a demand for this kind of NFT's and if the project is going to be payable.
Funds needed here are for the first stage that lasts until end of this year:
Creating a website for promotion- 3500 USD research graffiti information- 2000 USD digitalizing art and minting of 50 tokens- 7000 USD Marketing and other expenses- 2500 USD
Team is an IT company that has a developed web shop for which it is given a link as a reference. NFT will be distributed on map as shown on the given reference website so each user can search NFT by the location of the original artwork as well as artist, name or popularity. That way users can check out and learn more about their local graffiti arts and artists.