Moritz Jekat photography
Western Flag NFT 2
Western Flag (NFT) 2
A brief guide how to purchase a "NFT"
The NFT »Western Flag (NFT)« by John Gerrard, was minted on March 20th 2021 at 7:51 pm and listed for 250 ETH (equivalent of back then 850.000$) on March 20th 2021 at 11:00 pm. It has been taken offline (unsold) on July 29th 2021 at 11:21 am.
Researching on the understanding of an "original" and copyright in times of memes, unlimited reproduction of imagery in digital spheres (as well as IRL) and the creation of artificial scarcity through NFTs, I relate with my project "Western Flag (NFT) 2" to Sherries Levine and Elaine Sturtevant's practice of appropriation and reproduction of famous artworks.
I captured John Gerrard's 30-second video loop "Western Flag (NFT)", which did not sell eventually. I reproduced it with the help of 3D software. In my investigation into the question of original and copy in relation with NFTs, I am now selling (on request) this reproduction frame by frame as NFTs on opensea. Purchasing one of the frames will provide you with the whole "original" video-file of "Western Flag (NFT) 2" as well as the book "Western Flag (NFT) 2" which includes a materialized version of the video. The book displays all 720 frames of the 30 second video. The owner of each frame will be named next to the purchased frame inside the book.
The book is a materialized version of the video, a materialized NFT, a collection of originals, a snapshot of the blockchain from that moment of purchase of the NFT and a proof of ownership.
The NFT and the book as an art piece only exist in combination with each other. In case of reselling the NFT you would need to send your book to the new owner of the NFT (and so new owner of the book) and as well fill in their name on the page of the purchased frame. With the purchase of the NFT/book you automatically agree to these conditions (stated on the back of the book and included in the explanation of the NFT).
The whole NFT-collection "Western Flag (NFT) 2" will eventually become a communally owned NFT, as will the book become a materialized version and snapshot of the blockchain.
All profits from the sales will be distributed in between all parties involved as well be partly donated to to WWF to support renewable energy projects:
1. Coverage of production and shipping costs of
»Western Flag (NFT) 2« (book)
2. 50% of leftover profit will be
donated to WWF Germany
3. 15% of leftover profit will be
donated to John Gerrard
4. 10% of leftover profit will be
donated to Luis Rodriguez
and Tomas Clarkson (support 3D)
5. 10% of leftover profit will be
donated to Bruno Ceschel
and Nicolas Polli (support book)
6. 15% of leftover profit
will stay with the artist Moritz Jekat