Frequently Asked Questions
What is the Boggz Project?
The Boggz Project is an exploration of money, in all its forms, by way of digital and crypto art. We create, commission, display and distribute unique artistic renderings of government-backed currency. We’re inspired by the life’s work of J.S.G. Boggs, the Patron Saint of Cryptocurrency.
Our limited editions of digital art are distributed as non-fungible cryptographic tokens, or NFTs. Each token represents a unique piece of digital art that can be held in private collection or resold to other collectors.
In line with J.S.G. Boggs’ own practice, each work of art is offered initially at its denominational face value. Subsequent valuations are market-determined.
New to crypto? Never heard of a non-fungible token? Confused about collecting digital art? No problem. Just keep reading.
Who’s behind the Boggz Project?
Are you associated with the artist’s Estate?
Yes, we are! We’re thrilled to announce that the Boggz Project is officially advising the Estate of J.S.G. Boggs on the release of their first NFTs. Please visit the Estate’s website for more details about this and future drops.
What exactly am I buying — a computer file?
Basically, yes. Your artwork exists as an image file embedded within a cryptographic token. You’ll probably keep a screenshot on your phone or computer for easy viewing. Maybe you’ll want to make a high-quality print and hang it up.
How can a piece of digital art be unique? Can’t someone just make a copy?
Sure, your artwork can be copied by anyone with a web browser. But that doesn’t mean your original artwork isn’t unique.
Of course, this also holds true for conventional artwork.
Take, for example, Vincent Van Gogh’s “Sunflowers,” which is owned by the Dutch museum that bears his name. The painting itself is priceless. Yet the museum itself sells “high-quality” print reproductions, plus tons of sunflower’d merch — t-shirts, totes, eyeglasses, spoons, scarves, shot glasses, egg cups.
Neither the prints nor the swag reduce the value of the original. In fact, one might argue they drive value to the original canvas by making it one of the world’s most famous paintings.
Point being, however, that a Boggz’s true value rests in its uniqueness and irreplaceability as a digital art collectible plus the rights you hold as its new owner. No matter who might grab a screencap, your original is the original.
Can my artwork be stolen or lost?
It sure can. As with conventional art (which can also be stolen or lost), its security depends on you. Please follow standard practices when creating and accessing your NFT platform account or crypto wallet:
- Don’t use common or recycled passwords
- Use two-factor authentication wherever possible
- Keep your private keys somewhere safe and offline
- Don’t sign into any accounts using public wifi
Buyers participate at their own risk and are expected to take sufficient efforts to secure their accounts and digital properties.
What is a “non-fungible token”?
Non-fungible tokens, or NFTs, represent unique digital items that cannot be duplicated, divided or turned into other items. Each token is created and stored on a blockchain. Think of them as digital certificates of authenticity.
Video games have used something similar for decades. When a player earns, say, a special weapon or magic spell, these in-game items are singular objects held by a single player. Depending on the game’s rules, these items may be exchanged between players and possibly sold. But that weapon is always a weapon. That spell is always a spell. They are non-fungible.
Fungible goods, on the other hand, are interchangeable; they are not unique. Your $50 bill is functionally equivalent to my $50 bill; we can exchange them without affecting their value. One barrel of crude oil is worth the same as any other barrel of crude oil.
For our digital currency art project, we use non-fungible tokens built on the ERC-721 standard. (Learn more here.) They represent unique pieces of artwork that, due to their individuality, are not inherently equal in value. Owners can freely exchange their NFTs, of course, but the represented artwork is also exchanged during the transaction.
What does art have to do with cryptocurrency?
We happen to think crypto art is cool. We dig that it’s ephemeral yet indestructible, digital yet irreplaceable, unique yet easily copied.
If you didn’t get that certain frisson when you stumbled upon our little digital currency art project, that’s cool with us. But we think you should stick around, check out the artists, maybe take a flyer on a piece of art. You might catch the bug, too.
Is this legal?
Our digital renderings of currency are clearly artistic in nature. They are never intended to pass as legal tender, and they cannot be used to produce counterfeit bills. Additionally, we only produce front or reverse images — never both for any single collection.
Where cryptocurrency is concerned, there’s absolutely nothing illegal about buying, owning and selling non-fungible tokens. This is not an ICO, IEO or STO. It’s a digital currency art project that uses NFT technology, not a securities offering or solicitation to invest. We make no claims or promises that this artwork will gain value over time. Caveat collector.
Who is J.S.G. Boggs?
J.S.G. Boggs is the Patron Saint of Cryptocurrency.
More formally: James Stephen George Boggs (1955-2017) was an American artist known for his artistic depictions of legal tender that, in an act of performance art-cum culture-jamming, he exchanged for good and services at their face value. Though arrested several times on counterfeiting charges, he was never convicted of any crime relating to his art.
In recent years, Boggs has enjoyed a cultural renaissance thanks to the rise of cryptocurrencies and conversations about sovereign currencies. He’s oft-cited on Hacker News and Bitcoin Forum, and the “On the Media” podcast featured him in their money episode “Full Faith and Credit”. Boggs himself was interested in digital currencies as far back as 2001.
Please visit the Estate’s official website, jsgboggs.org, for more information about the artist’s life, career and enduring legacy.
Do you accept proposals for new shows?
Do you work with traditional artists, or just digital creators?
All artists are invited to pitch show ideas. If you intend to produce physical art, please let us know. You’ll be contractually required to provide high-resolution scans and then destroy the originals. We know — sounds crazy, right? This is a digital art project predicated on uniqueness and irreplaceability. If you can’t abide, please don’t apply.
What’s your commission?
Our commission is 25% of the sale price. We also recoup minting fees, platform fees and marketing costs from the sale price; these expenses are fully outlined and agreed-upon prior to the start of any sale.
Is there a fee to sell my art with you?
No. We do not charge any fees to produce an edition of your art. We receive a 25% commission based on the sale price, plus agreed-upon expenses.
Who handles the marketing and finding buyers?
Let’s work together. We’ve got our own network of digital art and crypto enthusiasts; you’ve got your own fan base. In the run-up to your show, we’ll put together a plan that suits everyone. This may include a Q&A for this website, press releases, even some paid promotion. We’ll do everything possible to make your show a success.
Do you recoup costs for marketing and overhead?
We’re more than happy to front all marketing, minting and platform costs; these expenses are recouped from the sale price. There may be additional fees charged by the NFT platform; these are typically taken from the sale price. We will discuss all costs prior to the start of any sale.
What happens if my art doesn’t sell?
If it doesn’t sell, it’s yours to keep. However, we ask that you do not attempt to resell the same NFT for one full year after the close of any unsuccessful sale.
Can I post my art to my website and Instagram?
Of course, and we hope you will! We rely on our artists to promote their shows to their fans and followers. Even after the show is over, you’re welcome to keep sharing them for promotional, archival and educational purposes. As a courtesy to buyers, we kindly request that you mark these copies as “reproduction,” “facsimile” or “not original.”
How do I send you my final artwork?
Digitally, of course. During pre-show production, we’ll send you instructions for sending us your originals. If you’re working in a physical medium, we require high-resolution scans. In exceptional circumstances, we may be able to accept physical art and make the scans for you. In this instance, please note that originals are not returned to the artist; they are destroyed permanently, as to transfer value to the digital versions.
How do I get started?
Thanks to our relationship with the Estate of J.S.G. Boggs, our first NFT drop will be an actual Boggs work. Please visit the Estate’s website for more details, and be sure to join our newsletter and follow us on Instagram. We’re still deciding which NFT platform will host the sale. Boggz Project subscribers and followers get the news first.
When I buy a piece of art, how is it delivered?
Can I print out my artwork and hang it on my wall?
You can do anything you want with it. It’s yours.
Can I resell my art?
Absolutely. Boggz art can be resold on any of the major NFT platforms. In fact, it’s the secondary markets that are seeing the most exciting sales.
Do you offer previews or pre-sales?
Can I remain anonymous?
Sure. You’ll need to provide certain information when creating an account on the NFT platforms. But your public profile can be pseudonymous, and we won’t share your details with anyone.