Alternate Bright Moments Artist Mint Pass Policy

The following is an alternate proposal to the mint pass policy that was put up for discussion on April 22 2022 and that proposal is linked below. This proposal adapts that policy to stay more in line with the IRL and community oriented experiences that Bright Moments offers. At both referenced links below there are comments by CryptoCitizens as to why it is important to limit minting to the time frame of the event.

Proposed Event Mint Pass Policy (eg, NFT ART BERLIN, RITUALS, Incomplete Control)

Bright Moments empowers artists by providing end-to-end IRL minting experiences. As part of our IRL minting, we sell Mint Passes prior to the minting event that act as the collector’s proof-of-mint authentication and their exhibition entry ticket.

Mint Passes are NFTs that grant the holder the ability to mint a work from a specific artist’s collection. Each Mint Pass corresponds to an unminted NFT within a specified collection and the number of Mint Passes corresponds with the final collection size.

Prior to each drop and exhibition, Bright Moments works with artists to align on a creative vision and pricing for the collection’s Mint Pass. These conversations take several factors into consideration, including venue, solo vs group exhibition, collection size, market conditions for similar collections, and the ability of the Bright Moments team to support the artist’s creative vision for an IRL drop.

Unsold Mint Passes

In the event that there are unsold Mint Passes after the artist’s minting event has concluded, Bright Moments will remove the unsold Mint Passes from sale as the event has concluded. Unsold mint passes will be burned.

Sold but Unminted

In order to mint, Mint Pass holders must claim their NFT by staking their Mint Pass through a Bright Moments smart contract. This allows the collector to mint their NFT in-person (IRL) during the collection’s exhibition drop. When stated, some exhibitions may allow collectors to request a delegate mint that is minted IRL by a Bright Moments staff member on their behalf.

In the event that a Mint Pass holder has not redeemed their mint by the time the event has concluded, that mint pass is no longer valid as Bright Moments will reduce the edition size of the artwork when the event concludes. No works from the collection shall be minted outside of the event time window.

:notebook: References

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