New Platform Introduces Patron Editions: $1 Non-Transferrable Tokens for Art Auctions
New Platform Introduces Patron Editions: $1 Non-Transferrable Tokens for Art Auctions
馃帹 Proof of Taste
A new art platform has launched Patron Editions, a novel approach to supporting digital artists during auctions.
Key Features:
- $1 non-transferrable tokens available only during open 1/1 auctions
- Artists receive $0.90 from each Patron Edition sale
- Automatically issued with every valid bid as proof of participation
- Functions similarly to Twitch gifts or Patreon subscriptions, but one-time per artwork
Secondary Market Option:
With cryptographic approval from the artist, Patron Editions can be issued on secondary auctions - limited to one time per token.
The system creates a permanent record of taste and presence on each artwork while providing direct support to creators.
The first constraint is called Patron Editions. These are $1, non-transferrable tokens that are only available for purchase during any open 1/1 auction, the artist keeps $0.90. It's our version of a twitch gift or a patreon sub (but one time, per work).
Patron Editions are also issued with every valid bid - proof of participation/taste/presence on each artwork. With an artists (cryptographic) approval, there is also the ability to issue Patron Editions on secondary auctions (only one time per token).
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