HOW MUCH IS THE COST TO MINT ?
.01 ETH per NFT for WL
.02 ETH per NFT for Public
SUPPLY FOR THIS COLLECTION ?
5000 Tokens
Unique 1 of 1 pieces
UTILITY FOR HOLDING GEOSYMPHONY ?
Although our focus is primarily on the artistic aspect of our first collection, we suggest holding onto your tokens for future developments.
GeoSymphony will have 3 phases Original, Evolutions and Final Forms more details in our RoadMap
WHAT WILL MINT FUNDS BE USED FOR ?
The Mint Funds are instrumental in our mission at Encrypted Reality. They primarily serve to provide initial funding for our Artist Fund, empowering artists as they transition to the Web3 ecosystem and launch their NFT collections. Additionally, a small portion of the mint funds is allocated to support the ongoing development of Encrypted Reality, including the creation of an art-focused marketplace and the growth of our core team. Through strategic allocation of these funds, we aim to foster artistic growth, empower artists, and ensure the continuous evolution of Encrypted Reality as a platform dedicated to the success of artists in the Web3 space.
The Mint for Geosymphony is projected to raise approximately 100 ETH, although the final amount can vary depending on the success of the collection. The actual funding raised may be lower or higher, reflecting the reception and demand for Geosymphony within the community.
The Artist Fund will be divided equally between USDC reserves and ETH reserves, ensuring a diversified portfolio. The USDC reserves will be utilized for real-world purposes, including galleries and offline events catered to artists, such as networking events. On the other hand, the ETH reserves will primarily be allocated to the development of future artist collections. While Encrypted Reality aims to expand beyond a single blockchain, venturing into collections on various chains like BTC ordinals and Solana in the future, there may be instances where funds are swapped via exchanges to accommodate the requirements of upcoming collections. This flexible approach allows us to adapt to the evolving needs of the artistic community and leverage the potential of different blockchain platforms.
ENCRYPTED REALITY SUSTAINABILITY ?
The artist fund will be replenished through a combination of developing artist collections, ensuring sufficient capital for ongoing artist support, marketing, and collection development. Furthermore, we will offer physical prints and digital displays of our art exclusively to token holders. These prints and displays will be official physical copies from Encrypted Reality, accompanied by a certificate of authenticity and a personalized plate featuring the token holder's address and token ID. Alongside these initiatives, future developments such as the marketplace will provide additional revenue streams, ensuring the sustainability and scalability of Encrypted Reality. This multi-pronged approach allows us to continue assisting artists in their transition to Web3 while maintaining a thriving project with the capacity to support an increasing number of artists.
WHAT IS THE ARTIST FUND ?
The artist fund supports artists by providing them with the opportunity to apply to Encrypted Reality for the production of their NFT collections. This process follows a more traditional approach, fostering a community around their art and enabling the growth of their brand. To cover our costs and support further development of Encrypted Reality and other artists, we only deduct a small percentage from the Mint funds as a fee. The Artist Fund also retains a few pieces from each collection for use in galleries and real-world events, thereby enriching Encrypted Reality's own collection.
WHAT WILL SECONDARY ROYALTIES BE SET AT ?
Secondary Sale royalty will be 2.5% Enforced by contract this will not be updatable.
HOW LONG WILL MINT LAST ?
24 Hrs For WL
6 Hrs For Public
Mint Date TBA
OTHER ARTIST'S COLLECTIONS ?
Encrypted Reality is committed to allocating funds towards the development of projects by non-in-house artists that will be launched on the Encrypted Reality platform.