After the big crypto bang of Beeple, this has to be the biggest thing in the world of virtual art. The Pothi team reports
It appears crypto art is here to stay, with a bang! Now, Phillips, a top gallery for emerging art, will sell its first NFT by digital artist Mad Dog Jones, whose real name is Michah Dowbak, in an online sale that will run between April 12 and 23. The bidding for the work starts at $100.
The fully digital piece, titled REPLICATOR, is an “NFT experience,” a statement from Phillips said. The piece is designed to self-produce seven unique NFT “generations” in a 28-day cycle.
The original NFT set to be auctioned is an image of an urban night scene. It shows a photocopy machine and the screen reads ‘Ready to replicate’. From that illustration, the work will produce one new NFT per month, with every subsequent cycle producing one less artwork.
“It uniquely links form, subject, and function as it is completely dependent on the capabilities of an NFT to exist and perform the role it’s been given,” said Rebekah Bowling, a senior specialist in Phillips.
Apparent, the piece might even malfunction sometimes. The artist calls this a “Jam Artwork,” – unique regenerated NFT that is unable to further replicate itself. For its second, third, fourth, fifth, and sixth generations, the artist estimates that there is as much as an 80 percent chance that the work will jam.
The Ontario based artist Dowback is well known in the the crypto art scene for his dystopian imagery. His work is featured in what has been billed as the first major museum exhibition devoted to crypto art, currently on view at the UCCA Center for Contemporary Art in Beijing.
It must be remembered that the NFT craze hit cieling after Christie’s sold a work by Beeple for $69.3 million earlier this month.