TL;DR
NFT Artility refers to the added functionality or benefits that come with owning a non-fungible token (NFT). Non-fungible tokens are unique digital assets that are stored on a blockchain and can represent ownership of a variety of different things, including digital art, collectibles, and even virtual real estate.
The most accessible use-case of NFT utility is the ability for the non fungible token holder to access certain digital content or experiences. For instance, ownership of an NFT from Maxximillian.eth might grant the holder the option to order a permanently treated digital print from Infinite Objects as an included print utility for the artwork. In this case, the NFT adds value for collectors because it not only represents ownership of the digital artwork, but also provides the holder with the ability to physically own a print of the artwork.
For example, crypo winter bear-themed $ILLI tokens featuring adorable bears in high fashion apparel, in addition to making fabulous physical prints are also an on-ramp to private sales for Maxximillian's digital fashion drops on the REMX virtual reality fashion platform, granting $ILLI token holders access to special limited editions in a private sale to reward current token holders with first dibs on limited editions.
NFT Ownership as a token-gate key to exclusive invite-only events
In addition to print utility, my monthly new moon Community Appreciation parties make being a Maxximillian.eth collector even more rewarding for collectors, as it adds additional opportunities to collect limited edition redeemables and small editions offered first by private sale to collectors first.
Token holders are invited to visit the museum where anyone can collect a Maxximillian redeemable to add to their portfolio. There are also token-gated showrooms for collectors only where token holders can collect seasonal gifts from the artist as tokens of appreciation.
What’s a ‘Private Sale’?
A private sale in the NFT crypto art world refers to the sale of digital artworks directly from the artist to a collector or investor, typically through a direct message or email. Private sales offer a number of benefits for those looking to start their crypto art portfolio, including:
Early access to exclusive artworks: Private sales often offer collectors the opportunity to purchase artworks before they are released to the general public, giving them first dibs on some of the most sought-after pieces.
Personal connections with artists: Private sales allow collectors to establish a more personal relationship with the artist, which can be valuable both in terms of the art itself and in terms of leaning into the alpha of the crypto art world.
Potential for discounted prices: As private sales are typically conducted directly between the artist and the collector, collectors typically are offered a lower price for the artwork collected during this phase.
Ability to highlight in up-and-coming artists: Private sales can provide collectors with the opportunity to be among the first collectors to recognize an emerging artist.
Opportunity to build a unique and diverse portfolio of rare artworks at the most reasonable price point: Private sales allow collectors to access artworks from small edition collections that may never be available to the public.
NFT Ownership as a token-gate key to private VIP experiences—events within exclusive events
In this instance, the ability for an artwork that someone already owns to act as a key that allows them access to a special showroom where they can pick up additional artworks that are not available to the public is additional utility.
That’s why Maxximillian’s artworks are artility—they have the intrinsic value that are provides, but it also give you metaverse access, access to order a digital print from Infinite Objects, and more. Art + Utililty = Artility.
Use Cases for NFT Artility
Art + utility: Artility. Art itself has intrinsic utility, this is elevated by the additional utility of higher accessibility in a physical print to enjoy in your realife environment. Art in a physical space makes a palpable energetic difference in the feeling of the space.
Art has the power to inspire and evoke emotions in viewers. Whether it's a stunning landscape painting that transports you to a peaceful wilderness or a thought-provoking sculpture that challenges your beliefs, art has the ability to affect your mood and perspective on the world.
Art can serve as a reflection of society and culture. Historical artwork provides insight into the values, beliefs, and aesthetics of past societies, while contemporary art can capture the zeitgeist of our current moment.
Art can serve as a form of communication and self-expression. Many artists use their work as a way to convey their thoughts, feelings, and experiences, and art can serve as a powerful medium for storytelling.
Art can have therapeutic benefits. Studies have shown that engaging with art can have positive effects on mental health and well-being, helping to reduce stress, anxiety, and depression.
Art can be a source of education and learning. Whether it's learning about different art movements, techniques, or historical events, art has the ability to teach us about the world and expand our knowledge and understanding.
What’s a ‘redeemable NFT’?
An Ethereum NFT redeemable is a type of non-fungible token (NFT) that can be exchanged or redeemed for a specific item or service. These NFTs often represent a kind of "membership" or "access" to something, and can be used to grant the holder certain privileges or benefits.
For example, an Ethereum NFT redeemable might grant the holder access to exclusive digital content, such as a behind-the-scenes look at an artist's creative process, or the ability to attend a virtual event or workshop. Other NFT redeemables might be used to purchase physical items, such as a limited edition print or a piece of merchandise.
NFT collectors may want to collect as many of these redeemables as possible because they provide additional value and utility beyond the standard NFT ownership experience. For example, a collector who owns a large number of NFT redeemables might have access to a wide variety of exclusive content and experiences, which can make their collection more interesting and rewarding. Additionally, NFT redeemables can sometimes be traded or sold for a higher price than standard NFTs, which can add to their value for collectors.
Did you know that in addition to collection NFT works of art, that you can also collect these blockchain Entries?
About Collecting Entries on mirror.xyz
Collecting a writer's blockchain blogpost on Mirror.xyz means that the writer's work is being saved and recorded on the blockchain, a decentralized digital ledger. This allows for the writer to have a permanent and unchangeable record of their work, as well as the ability to earn income from their collected posts, and enjoy the support of ‘collectors’ like a visual artist does.
