ARTEVO series diasec pieces

Inspired by the legend of how the game of chess was invented Vesa innovated a procong mechanism for the Artevo series.

The physical piece comes with its digital equivalent verified by the blockchain through Four Park LLC. 

It could be argued that the true value of the art pieces is the unique blockchain code and the pieces are a proxy to that.

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Only if / when the first one is sold will another be available and that doubles the price of the first.

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The same applies for all following prints as long as the buyer will double the price

The exceptional pricing method regarding the price doubling has been featured in Economy News as well as the Trade Paper in Finland. The digital blockchain proxy has been recently added to it.

 Click on the image to read the Taloussanomat (Economic News) article on Vesa's method.

Click on the image to read the Taloussanomat (Economic News) article on Vesa's method.

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Re-Paint Canvas 1/1

There is only one other piece created for this series which is a canvas print re-painted on top with oils / acrylics as a 1/1.

This piece is also verified on the blockchain.

Kivinen decided the price should be based - as it was originally intended - on rewarding those who scout out genius and take risks. In practice this means: those who buy the first print pay the original price; should someone want a second print, it will be made at double the price of the original; should someone want a third print, it will double the price of the second and so on and so forth exponentially.

Does this sounds crazy? From a relatively unknown artist - any nuance sounds crazy. The idea that he isn’t following a given genre and has ambitions to reinvent the way all of pricing works would either make him an overlooked genius or a nutcase, and calling someone a genius can easily make a critic sound like a nutcase.
— Rory Winston, Cultural editor of the New York Resident, August 2014

The process is verified on the blockchain by Four Park LLC
 

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Why Blockchain enabling?

Blockchain enables trust between strangers by creating immutable and transparent accountability. FourPark Blockchain utilizes this trust to unleash global access to rare value, veracity and new liquidity for clients. New liquidity is achieved by employing the additional applications that Ethereum and ERC-721 have brought to Blockchain.

What is Ethereum?

Ethereum is the second largest Blockchain code after Bitcoin’s Blockchain. A natural evolution of the first Blockchain, Ethereum has smarter, more flexible, and greater business application use cases than Bitcoin’s Blockchain. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. 

What is an ERC?

ERC stands for “Ethereum Request for Comment.” In the open source culture of Ethereum, this is the ecosystem’s method for gaining approval, or consensus. ERC is Ethereum’s version of a Request for Comments (RFC), a concept devised by the Internet Engineering Task Force. Memos within an RFC contain technical and organizational notes. For ERCs, this includes some technical guidelines for the buildout of the Ethereum network. This was written by Ethereum developers for the Ethereum community. Thus, the workflow of generating an ERC includes a developer. To create standards for the Ethereum platform, a developer submits an Ethereum Improvement Proposal (EIP). This includes protocol specifications and contract standards. Once that EIP is approved by a committee and finalized, it becomes an ERC. Finalized EIPs give the Ethereum developers a set of implementable standards. This allows Smart Contracts to be built with these standards, which a common interface can access. ERC-721 is an approved EIP effective May 2018.

ERC-721

ERC-721 is different than previous standards. ERC-721 describes a non-fungible token (NFT), but introduces the concept of a token being called a “Deed.” This means that each Deed is totally different and each one can have a different value to different users. One way to think about this is to recall CryptoKittes. Each one of the CryptoKitties (a digital collectable) is its own separate commodity whose value is based on its own rarity and desirability by users.

FourPark Blockchain has created Deeds for art and sculpture. The Deeds contain all identifying information, appraisal, pictures, authenticity, unique identifying stories, and more to completely satisfy all of the requirements normally conducted by third party due diligence agents.