As a collector, you can choose a project and personalize certain parameters to make the project authentically yours. When you buy an edition, its source code is adjusted with these parameters, and the project is minted on behalf of the artist. The source code is replicated both on IPFS and OpenProcessing Database, then it is attached to the NFT metadata along with the project, artist, and royalty information. Finally, the project is transferred to the collector’s Bitmark account, which is created automatically during the minting of an edition. Each NFT also includes a unique URL that will allow you to run or download the edition.
The minted editions are kept immutably and publicly on Bitmark Blockchain and can be viewed on Bitmark Registry. These editions can also be migrated to Ethereum and be listed on 3rd-party marketplaces (such as OpenSea).
Crayon Codes batches are launched once a month and feature new artists who are invited based on their contributions to the open source community on OpenProcessing. We also extend the invitation to past Crayon Codes artists to submit new projects on each batch. Our goal is to create a collective of the best artists of generative art and support them to collaborate, improve their work, and find financial support to continue their practice.
As we are waiting for Ethereum’s upgrade on reducing the costs and increasing efficiency, we strive to find the most climate-friendly ways to mint our NFTs. Currently, we have 4 features to accomplish this:
- We use standard credit/debit cards for primary sales instead of ETH.
- Instead of Ethereum, all editions are minted on Bitmark Blockchain, which uses a modified POW model that focuses on property-management features with much lower energy consumption in comparison to Ethereum.
- We utilize "lazy-minting": We use our centralized database to exhibit the projects on our website. Only the sold editions are minted on Bitmark Blockchain. If no editions of a project are sold, that project stays off-chain.
- We utilize "lazy-migration": You can migrate your editions to Ethereum to list them on OpenSea after the minimum ownership period, but only if you want to. Otherwise, they can stay on Bitmark Blockchain immutable as usual.
We are also working with Bitmark on secondary market solutions and cross-chain support to utilize more climate-friendly blockchains such as Tezos.
The projects on Crayon Codes may be sold as fixed-price or with Dutch Auction methods.
Primary sales are distributed as artist 80% and OpenProcessing 20%. We cover all the other primary sale fees, including the minting and credit card transaction fees, so no fees are collected from collectors or artists.
After the minimum required ownership period, collectors can migrate their projects to Ethereum to list them on 3rd-party marketplaces such as OpenSea. Collectors must pay the necessary gas fees to migrate and list their projects on these marketplaces. The royalties on secondary sales are 5% original artist, 1.5% OpenProcessing, 1% Bitmark, and this information is also included in the migrated NFT metadata.
You have the opportunity to purchase an NFT edition during one of our Crayon Codes launches.
Each project is customizable, meaning that collectors can customize the projects to create their unique edition using various parameters provided by the artist, such as size, speed, and color. Before minting, we check for the uniqueness of the parameters you have selected. We currently accept USD via standard credit/debit cards and charge no minting or gas fees on primary sales.
If any of the projects are sold out, you can browse our OpenSea collection to see if any editions are listed for sale.
To improve the long-term value of our projects and prevent fraud, we require that first-time collectors on Crayon Codes own their editions for 60 days before migrating and posting them on secondary sales platforms, such as OpenSea. The migration option on your editions will be enabled automatically after this ownership period.
We are actively working with Bitmark on further cross-chain compatibility to allow the migration of Bitmark NFTs to other blockchains such as Tezos.
After the minimum ownership period, you can migrate your projects to Ethereum by clicking on “My Editions” at the top right of the Crayon Codes website, selecting the project you’d like to migrate, and clicking on “Migrate to Ethereum.” You will be required to pay the gas fees. Once the migration is complete, your NFT should be available to list on your OpenSea account.
We only focus on generative art projects. These projects use coding as a creative medium, and they provide a much more dynamic platform to experience and interact with digital art in contrast to static JPEGs. They can respond to and evolve with different parameters, such as user input, variable size, or time of the day, and utilize randomness to add variety to their outputs.
We believe the source code of each project also provides a window to the artist’s approach and the creative process; therefore, we encourage collectors and visitors to explore the source code as well.
We invite artists from OpenProcessing who have been sharing their open source projects with the community over the years, adding value to their practice as thought leaders and valued community members.