The first Photo NFT from a serious collection
up:date April 5, 2021 by Jans Bock-Schroeder
The image of a Cypriot clergyman talking to two children on the streets of the capital Nicosia in 1948 is the first picture of the Bock-Schroeder Foundation to be sold as a digital item, in short NFT, on the blockchain.
The Bock-Schroeder Foundation is the first organisation of its kind to start selling digital objects from the archives.
NFT stands for Non-fungible Token. A non-fungible token is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, photography, audio, video, and other forms of creative work.
It is a certificate that cannot be replaced. When an NFT is "minted" and the associated content is uploaded, the owner has proof that they are the sole holder of the token, granting scarcity of the asset. NFTs have great potential for use in the rapidly evolving world of decentralized finance (DeFi).
The Bock-Schroeder Foundation uses NFTs to expand traditional marketing channels and sell its digital products directly to collectors. The Bock-Schroeder Foundation lets you buy digital items that are listed for sale. These items live on the blockchain. When you buy them - they are deposited into your wallet.
All Bock-Schroeder tokens have the corresponding images attached which can be seen in your wallet. Items from the Bock-Schroeder Collection have high resolution files attached. The owner of that item can access and download the file. While the purchase of an NFT does not transfer the copyright for the work, it does grant basic usage rights, such as publishing an image on the Internet.
Every month we offer three exclusive images from the Bock-Schroeder collection for sale. Each sale is curated and conducted by Jans Bock-Schroeder [the photographer's son] Bock- Schroeder NFT tokens are advanced assets that allow members to to gain exclusive access to any new offers.
NFT's will be offered starting from the 15th of May, on a first-come-first-served basis. Buyers get a 15% discount when purchasing more than one NFT.
NFTs are traded in cryptocurrencies, so you first need to buy crypto and hold them in a wallet. Then, you need to register with an NFT marketplace, such as Nifty Gateway, OpenSea, or Rarible. Sales usually take the form of auctions with an NFT starting price. If your bid wins, you will take ownership of NFT. If the value subsequently increases, you can set up your own auction on a marketplace to sell it for a profit.
Like any new asset that is in the early stages of development and adoption, NFTs carry some risk because they are still far from mass adoption. If an investor decides to buy an NFT and interest in trading it subsequently wanes or even declines, prices will fall and the buyer could be left with large losses. Non-fungible tokens (NFTs) are not immune to fraud.
NFTs, which claims are the works of famous artists, have been sold for hundreds of thousands of dollars but then turned out to be counterfeits. And just like cryptocurrencies, NFTs can potentially be stolen, depending on how they are stored.
The Bock-Schroeder-Foundation is the sole representative of the works of Peter Bock-Schroeder and thus has unique and exclusive access to these rare and unique works. The Bock Schroeder Foundation collaborates with public, corporate and private art collections around the world.
In addition to renowned and distinguished art collections, the Bock Schroeder Foundation also advises individuals and collectors who are in the process of establishing a collection.