• March 2018

  • Block Reward Art Project - Support artists and increase Stellar adoption

The Block Reward Project - BlockReward.art - is a series of 6x6 inch 'blocks' inspired by the ongoing cryptocurrency revolution. The goal of the project is to:

  • educate artists and collectors about crypto currency and blockchain technology
  • introduce artists to the crypto community and foster collaboration (artists will be able to contribute their own blocks to the chain)
  • introduce artists and collectors alike to the Stellar ecosystem and encourage the usage of lumens

How will it work?

  • Collectors can purchase art blocks using cryptocurrency at BlockReward.art
  • Once an art 'block' is purchased, 50 Block Reward Art Tokens will be generated and deposited into a Stellar account (paper wallet), which will be shipped to the Collector along with their new art piece.
  • Once a collector receives their art block, they will be introduced to the Stellar ecosystem with instructions on how to use their new Stellar account. The Block Reward Art Tokens they've received are an extension of the art project and can be used in the same manner as any other Stellar generated token.
  • Block Reward Art Token supply is limited to the number of art blocks created by the art community with a max supply of 21,000,000 tokens.

Stellar Build Challenge Request

Each art block will be shipped with a Stellar paper wallet. Every stellar wallet needs at least 0.5 lumens to remain open and a small amount to conduct transactions using the 50 Block Reward Art Tokens. Ideally, Stellar will grant the project enough lumens to help automate the creation of the accounts and fund the initial 0.5 lumens for each new paper wallet.

See the art blockchain at http://www.blockreward.art

TacticalNoot Thanks for the support. You can sign up at blockreward.art to be notified of the public sale (sometime shortly after the build challenge decision).

FYI, token reward process will mimic the block reward mining schedule of BTC. Are you familiar with it?

Satoshi Nakamoto programmed the mining reward to half every 210,000 blocks. The early miners received 50 bitcoins per block solved. It then halved to 25, and I believe it's now at 12.5.

Can you imagine if there was enough collaboration to make it to the first halving of the Block Reward Art Token? Over 210,000 art pieces (resulting in 210,000 more Stellar accounts) created by artists all over the world, all being shared on social media and hopefully displayed in homes. I think it would go a long way to helping promote crypto adoption and usage. At least that's the dream. Hopefully Stellar supports it with a lumens grant so that I can build an automated process to generate the paper wallets that ship with each art piece.

Would you mind giving me some feedback about the art tokens? The original question that I posted to the community can be found here:

https://galactictalk.org/d/1224-tokenized-art-how-would-you-want-it-to-work

Thanks you so very much.