From the designer and artist who vandalized an AR Koons sculpture, a collective yawn in Times Square and a Livestream of the Earth, Sebastian Errazuriz is not any stranger to provocative work. His newest mission is concentrated across the rising reputation of NFTs – Digital Diamond Co. – the primary of its variety digital diamond firm. (New to the world of NFTs? This video breaks it down, though we loved this SNL sketch too.)
Every Digital Diamond is valued on the value of actual diamonds, and there are solely 100 distinctive collectibles out there, every with proof of possession saved on the Ethereum blockchain. DDs are designed to develop in carats to replicate the elevated bidding registered by mining on the blockchain, beginning at 1.0 carat for 1 ETH. Due to their smaller whole version quantity, Digital Diamonds are even rarer than Crypto-Punks and Crypto-Kitties.
What’s most fascinating about Digital Diamonds is the parallel Errazuriz attracts between actual diamonds and NFTs:
Diamonds are usually not scarce or intrinsically invaluable. Diamonds are a societal building of worth. Each new period wants new tales. I consider digital diamonds will likely be extra invaluable than common diamonds.
50% of the proceeds from Digital Diamond gross sales will go in the direction of constructing a future augmented actuality NFTs platform for artists to exhibit and promote their digital works on Ethereum 2.0. To study extra about Digital Diamonds, go to nftdiamonds.co.
Design MilkDesign Milk
Source link
