Bright Moments Artist Mint Pass Policy

:cool: tl;dr

In response to community and artist feedback, Bright Moments core team is seeking input on a proposal for Mint Passes that CryptoCitizen holders can vote on.

Until a new policy has been ratified, we will continue selling mint passes as originally stated, unless the artist specifically requests otherwise.

Proposed Mint Pass Policy

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 keep Mint Passes available for sale unless otherwise requested by the artist. This enables the artist to benefit from future IRL minting events and continued interest from collectors who want to support the artist directly by purchasing a Mint Pass.

In the event that a collection has remained open for minting but not sold out, we reserve the right to request that the artist close the Mint Pass sale before conducting another drop with Bright Moments.

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, Bright Moments reserves the right to mint all sold but unminted works to an escrow account until the collector swaps their Mint Pass to claim the minted NFT. The process to claim a minted work using a Mint Pass will be predetermined based on the index of the Mint Pass; the collector will not be able to choose a specific mint from the escrow account at will.

:notebook: References

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Event specific mint passes and minting should only be sold and/or minted during *or *before the actual event. This will maintain the integrity and exclusivity of the event as well as the Bright Moments ethos of IRL minting.

additionally, this proposal and any other proposals should not retroactively apply to any events that have already started or been sold including 100 Print or Berlin Collection. Policies should be in place before events not after.

*edit

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I agree with LAH’s comments above. There should be a distinction between evergreen series that can be minted at any IRL bright moments location in an ongoing fashion until sold out vs. event specific collections that are geared toward a specific time frame and IRL experience (like the Berlin series).

Given the way the Berlin series was presented beforehand to collectors, this policy, if enacted, should not apply retroactively. I hope the degree to which experienced collectors all seemed to interpret communications like this tweet to mean that the Berlin series mints would only be available during the Berlin event window: https://twitter.com/brtmoments/status/1516816480041545729?s=20&t=SxbrgR4Pvt3ewtUGc-9gDw

For the specific conversation around the Berlin event, please note the comments made in discord by myself, Lee and Hester (as above), Trill, Aaron Penne, and Waif, plus additional comments by others in the AB discord, as well in these previous discussions: What happens to unsold mint passes?

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