Art NFT

Silvermind focuses on tokenized digital art, also known as Art NFT

To make it somewhat simple to understand, let's consider that Art NFT is a digital artwork (e.g. fine art photograph) published as NFT.

Here's a simplified process of how Silvermind approaches activities related to Art NFTs.

Procedure	Description
1. Artwork selection	Silvermind works together with the author or a copyright owner to choose the artwork. It can also be a collection of artworks that belong together.
2. Digital artwork preparation	The artwork can live in many forms both digitally and physically. It's up to the artist to decide what is the digital artwork that is the actual artefact (file) that is going to become the content of an NFT.
2.1. Processing	The artist or a third party may need to prepare the digital files aligned with the artist's intention. For example, a high resolution scan with some modifications might be needed.
2.2. Licensing	It's important to be clear about copyright and usage rules of the artwork.
2.3. Authenticating	Autographing as well as preparing the certificate of authenticity.
2.4. Hiding (encrypting)	We must be clear that the contents of an NFT are always public. This means that anyone, who has enough technical knowledge, can download the contents of it. When using EDA, only the owner can actually view the contents of an NFT.
3. NFT Production	NFT production is quite a technical matter and should be done by a service provider, such as Silvermind.
3.1. Blockchain selection	The artist has to decide where the artwork will live. It's like a paper on which we want to print.
3.2. Smart contract choice/dev	NFTs normally adhere to a specific standard such as ERC721 or FA2. When going with existing marketplaces the artist normally looses certain control and toolset, therefore extra care is a must.
3.3. Metadata creation	This includes information about the artwork, such as the title, description, artist name, edition size (if applicable), and any other relevant details.
3.4. Wallet setup	The wallet serves as an identity and storage for the NFT. It may be that the artist already has one.
3.5. Storing	The contents of NFT may be gigabytes of data which is to be stored and pinned on IPFS.
3.6. Minting	The smart contract will generate a unique token identifier (NFT) that represents the artwork on the blockchain. Minting is like printing, because after it there's a new artefact released into the world.
4. Publishing	While Silvermind gallery is still under development, the NFT will normally be listed and sold on some existing marketplace where the artist intends to transact.
5. Promotion	Silvermind can only advise how to promote the published NFT. If the NFT is published on (yet to be implemented) Silvermind gallery then artists will benefit from the promotion of it.
6. Selling	While Silvermind gallery is still under development, the NFT will normally be listed and sold on some existing marketplace where the artist intends to transact. The transfer of ownership is handled by the smart contract.
7. Authentication	As a side-effect of working with Silvermind, the artist as well as collectors gain clarity on provenance of an artwork (contents of an NFT, to be more specific). It is based on a clear protocol, which can be leveraged even without any involvement of Silvermind.