Aavegotchi introduces Verified Physical Prints of on-chain NFT Art. The development gives holders access to a limited number of physical prints, which are directly linked to the FAKE Gotchi NFT collection. Each purchase comes with a print and a SoulPrint card that verifies the work. This is the latest development from Aavegotchi, after the Gotchiverse was launched this year.
Are Aavegotchi Physical Prints a New Dynamic?
The physical Aavegotchi prints are a big moment for art and Web3 for a few reasons. First, the physical NFT prints take a step towards solving the problem of authenticating physical works of art. There is some important utility packed into the SoulPrint card.
In addition, the purchase of an Aavergotchi physical print pays royalties to the artist, the publisher and the owner of the NFT on the chain. It creates a new economy. Imprints become their own form of originals, and NFT owners are empowered to monetize their holdings. NFT galleries also get a new economic life, where viewers participate in taking the art home.
What are the GBM Auctions?
Aavegotchi not only reimagines the dynamic between creators of art and those who enjoy the works, but it pioneers a new form of auction to facilitate that exchange. When a GBM auction takes place, unsuccessful bidders receive a small reward of GHST tokens for their participation.
Additionally, the seller has the option to reject the final offer and keep the NFT. However, they have to pay the GHST fees to all bidders. This is incredible innovation happening at Aavegotchi which will have an impact outside the chain.
We love to see it.