![]() If you have the seed or private key, you can also create the wallet by importing the seed or private key. Open the wallet which holds the artwork token.To transfer one of my early artwork tokens, please follow these steps in Bitcoin Electrum Wallet : How can I transfer your early artwork tokens to someone else? With coin control you can check all inputs and outputs of your transactions before they are sent. I recommend to use a Bitcoin wallet which supports “coin control” (e.g. Otherwise you will risk transferring artworks by accident. Each wallet should only be used to receive one artwork token once and to send it once. I strongly recommend to create a separate Bitcoin wallet for each artwork token to store. What’s the best way to store your early artwork tokens? When this unspent transaction output is spent, the artwork is transferred to the first transaction output (with index 0) of the spending transaction. Whoever has the private key to spend this output has all the rights listed in my license. Yes, every artwork is always assigned to exactly one unspent transaction output (UTXO) on the Bitcoin Blockchain. Technically, because of the way the right is enforced by the Bitcoin mechanism.Īre your early artwork tokens really non-fungible? How do they work? Legally, because there is the digitally signed license text in which the exclusivity is guaranteed. This exclusivity is legally and technically defined. This makes the token owner the only person who can transfer the usage rights as a NFT. This right is limited to the token owner. Additionally the owner will be able to pass the usage rights in a way that they can be passed again (see Section 3 (2) of the license). These rights are limited to the owner and the author. What rights do owners of your early artwork tokens have?Įach owner of one of my early artwork tokens holds a large set of usage rights to the artwork (see Section 3 (1) of the license). Since there was no common standard for NFTs at the time, I created a license which defines how the tokenization works and what rights the holder of the token has. They are older than the Ethereum Blockchain. My early artworks are based on the Bitcoin Blockchain. What kind of tokens are your early artworks? I have been working on the license for the works for more than a year together with the legal experts of dtb. It took quite some time to define the tokenization process. ![]() ![]() Why is there a time gap between the signature and the tokenization? The first were electronically signed on 20th July 2013 and tokenized on the Bitcoin Blockchain on 29th March 2015. All of them were tokenized on the Bitcoin blockchain in 2015. 28 were electronically signed in 2013 and 4 were electronically signed in 2015. How old are your early artworks? How many do exist? ![]()
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