- The Frogs Over Fiat New York art gallery featuring Bitcoin NFTs opens tomorrow at 11 a.m. ET in Lower Manhattan.
- The art gallery will feature the Fake Rares and Fake Commons Rare collections of rare Pepe art, which will feature many notable artists and collectors.
- Rare Pepes sparked a trading frenzy in 2016-17, inspiring these art collections with pieces selling for up to $250,000 by a member of the Wu Tang Clan.
The Frogs>Fiat art gallery in Lower Manhattan, NY — featuring non-fungible tokens (NFTs) for Bitcoin only — opens tomorrow and runs through Thursday. The gallery will feature prominent artists such as Ghostface Killah of hip hop group Wu Tang Clan.
The gallery will host over 25 original pieces from the Fake Rares and Fake Commons bitcoin art collections, and gallery visitors will be able to mint NFTs on demand using the only BTC NFT ATM that makes physical artworks available for free.
Some of the biggest collectors in the ecosystem have been drawn to the Fake Rares art collection, and Ghostface, along with Rare Scilla, currently has the most expensive piece, selling for $250,000 last fall. Well over 100 artists have contributed over 500 original artworks worth over 200 BTC worth around $4 million to this collection.
The Fake Rares collections catalyzed the current wave of NFTs built on BTC and XCP by mimicking the original Rare Pepe trading craze of 2016-2017. This collection was also the first to bring MP4 files and music onto Bitcoin via Counterparty’s XCP token – like Ghostface Killah’s. While most are conceptually aware that NFTs are built on top of BTC, mentioning XCP could be a new concept.
In short, XCP is a way to tokenize information through a Layer 2 application by embedding data in Bitcoin transactions. XCP is neither a sidechain nor a competitive chain. It cannot exist without the Bitcoin protocol or BTC as its primary capital.
The gallery opens daily from 11:00 am ET until late at 80 W Broadway, Manhattan, NY and will run alongside Scare City’s PEPE is ART gallery, which will feature rare Pepe-Grales and other modern Pepe- creations will be on display. This event was planned in conjunction with the Fake Basel Art Gallery, which took place from June 15th to 19th in Basel, Switzerland and also featured digital and physical Pepe art.