Supply State

Art in the collection can be in one of two states or burned.

NFT

These are redeemable for a physical art piece.

Metadata attribute:

Redeemable = TRUE

Paired NFT

These are currently paired with a physical art piece. If a paired NFT is trading, it means a collector has redeemed the physical, and sold the NFT effectively separating the two. The NFT can never be redeemed again without having access to the physical. If you don't care about the physical, this may be for you.

Redeemable = FALSE

Burned

NFTs permanently sent to the burn address. Art is normally burned when new drops require an existing NFT to be burned. This allows collectors to "trade up", and makes the collection more desirable as a whole.

Supply Sources

The collection was seeded with P

Source	# of art pieces	Comments
New Art Drops	Variable	Ongoing drops of new art.
Legacy Physicals (sold)	4,133	May slowly enter the supply as paired NFTs.
Legacy Physicals (unsold)	2,431	These are part of the original supply stock, but where never physically created. They are owned by Cryptoart.com and may enter similar to new drops.

Legacy Physicals:

Legacy Cryptoart is physical offchain art that was created from 2013-2020. They are not part of the supply state. However, holders have the ability to claim the NFT that corresponds to the art piece they purchased. These claimed NFTs enter the supply state as paired NFTs (since a physical exists).

Legacy physicals can enter the supply state at any time regardless of current supply. How many will enter? We don't know. We already notified cryptoart.com clients to claim their NFTs, but many were sold at live events. We suspect most of them will never enter the supply state. You can monitor the progress on the supply page.