Botto

Summary

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Botto has been invited by Fellowship to exhibit at the new “The Digital Art Mile” Fair in conjunction with Art Basel in Switzerland June 10-16. In the interest of building up Botto’s profile beyond the crypto art world and in the AI art canon more broadly, as well as building up to the proposed solo Sotheby’s show in October, this BIP proposes to place Err Hold for sale at the show for 150,000 Euros (161k USD).

Proposal Specifications

• Exhibit Err Hold at Fellowship’s floor at The Digital Art Mile with Fellowship and a sale price of 150k Euros during Art Basel from June 10-16.
• A one-off, framed exhibition print will be created for between $3-5k USD. It would be between 1m and 1.5m square. They are testing formats for the best solution, hence the price range.
• The buyer would receive the physical work as part of their purchase of the NFT.
• Fellowship would take the risk of covering the costs of printing and logistics upfront, which would be recouped before considering the commission split.
• Fellowship’s commission would be 30% after covering the cost of the physical. Estimated take home for Botto is $161k - $5k * .7 = $109k USD
• 50% of net revenue would be distributed evenly across active rewards for the 12 weeks following the receipt of payment.
• Fellowship will have exclusivity on selling the work for 3 months after the show ends June 16. After that date the work will return to the DAO if still unsold
• For additional information on the points covered in this Snapshot, please refer to the Governance Forum thread that contains explanations of each line item above

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For additional information on the points covered in this Snapshot, please refer to the Governance Forum thread that contains explanations of each line item above.

Explanations & Details: BIP-52: Botto @ Art Basel w/ Fellowship and Georg Bak