Sedition is the perfect platform for NFTs.

In fact, we kind of invented our own version before NFTs existed. Sedition invented the concept of digital scarcity - the underlying concept of non-fungible tokens is that something digital can be of value - back in 2011. Back then, the blockchain technology was at its very infancy, thus artworks on Sedition had to be centralized.

Ever since then, however, Sedition has been looking for other ways in which artwork ownership can be tracked. As a matter of fact, we’ve been looking at blockchain for years now, way before it became mainstream. However, many of the limitations of blockchain technology made it impossible to deliver artworks of the quality that predominantly exists on Sedition - file size limits and resolution and much else needed to evolve before we were able to present the very best of the contemporary art landscape to the world at large.

Now, we are more confident than ever that blockchain technology will become the go-to tech for underpinning records - not just in the arts industry, and not just in the digital world, but across the board. Blockchain allows for ownership to be tracked independently of any centralized entity, such as Sedition, so we’re finally able to address the question of what happens with all the purchased art if we all disappear or vanish into the metaverse. In addition, it becomes possible to take the art purchased on Sedition out into the wider world - you can view your collection, buy and/or sell to collectors on the Sedition site, or take your NFTs out into open marketplaces such as OpenSea.io This is what we wanted for our collectors and artists ever since Sedition was founded! Finally, and this is perhaps the most exciting development! - blockchain delivers the option to assign a fair resale value on all future sales of an artwork, so that artists cannot ever again be excluded from the accrual in price of their creations. 

All in all, blockchain is an ideal technology for our purposes, and Sedition is delighted to start making use of it.

Learn more about Sedition's entry into the NFT space and our future plans from this video where Sedition's Community Manager Vladislav Alimpiev introduced our Director Rory Blain:

Both will take place. 

We have created a mechanism through which it is possible for Sedition collectors to mint artworks as NFTs directly from their Vaults. When a collector does this, they are simply listing their ownership of the artwork on the blockchain, rather than just on Sedition’s servers. The owner of the artwork (the person doing the minting) will be responsible for paying the gas fees. The artworks will be minted on the blockchain via Sedition’s smart contract (which will identify the artist and author of the work, and deliver them a revenue share of any and all future transactions) and once the artwork has been minted as an NFT it can be traded on other NFT marketplaces such as OpenSea. As above, the collector will be responsible for paying the gas fees to the Ethereum network as well as a small listing fee charged by Sedition.

In addition, some new pieces on Sedition will be listed directly as NFTs. It’s possible to buy them and at the same time list them on the blockchain as an NFT. It is also still possible to buy them as digital limited editions and receive a certificate of authenticity instead of an NFT, in which case you as a collector can list them on the blockchain at a later time by utilizing the previously described mechanism. Our intention is to enable collectors and artists to engage with NFTs and the crypto world if they wish - but we don’t want to oblige you to do so.

No, it is not. For the time being, minting is a permanent and irrevocable process.

We do not have a mechanism in place to allow for NFTs to be turned back into digital limited editions. Once you list your artwork as an NFT, it is attached to your crypto wallet’s address and is no longer attached to your account. Wallets are secure and managed only by you - if you lose your details Sedition is unable to help you, so keep them safe!

There are numerous benefits to listing your artwork as an NFT. 

• The work is yours. Period

After your artwork is minted as an NFT, it is attached to your crypto wallet. No one can take it away from you. Even if Sedition were to be removed from the planet by a band of vengeful aliens, the artwork is truly and forever yours. 

• You can resell your artwork

By taking your artwork out of the Sedition universe, you can resell it on a secondary NFT marketplace such as OpenSea. You can put any price you like on it - you can mint your edition as an NFT and list it for 10 dollars or 10 million dollars - the world is your oyster!

• Ownership is transparent and traceable

NFTs are stored on the blockchain where they are tracked and verified by the network. The ownership of an NFT is transparent and can be verified by anyone on the blockchain.

• Crypto exposure

Minting the work as an NFT lists it on the blockchain with a certain value. The value is then underpinned in cryptocurrency - in this case ether. You are then exposed to the currency price movements that underpin your NFT - this can be both a risk or an advantage. If ether value rises, so does the price of your NFT - and vice-versa.

Anything you do bears risk, and listing your artwork on the blockchain is no different.

• With true ownership, comes responsibility

Blockchain technology is brilliantly giving people the possibility to truly own their digital assets without relying on a centralized entity. However, with true ownership comes a lot of responsibility. If you lose access to your crypto wallet, you lose access to your NFT. NO ONE can recover it for you.

• Transactions are irreversible

Blockchain transactions are irreversible by design, therefore no one, not even the creator of the chain can undo them. This means that if you send your NFT to a wrong address by mistyping it, it’s gone forever. 

• Increased need for security

Criminals and scammers want your stuff - and they want your NFTs. Since blockchain transactions are irreversible and anonymised, crypto became a perfect vehicle for criminals to target. You do need to take security very seriously when dealing with crypto and NFTs, otherwise if someone comes into your wallet, they can and they will help themselves.

• Crypto exposure

Minting the work as an NFT lists it on the blockchain with a certain value. The value is then underpinned in cryptocurrency - in this case ether. You are then exposed to the currency price movements that underpin your NFT - this can be both a risk or an advantage. If ether value rises, so does the price of your NFT - and vice-versa.

No.

Sedition is first and foremost about art. It’s not primarily about blockchain, NFTs and crypto. The reason we’re engaging with NFTs is because our community asked us to give them another tool in the toolbox we provide - and because we believe that NFTs are a better way to track ownership.

That being said, you don’t have to engage with the blockchain side of our business. You can continue to collect digital limited editions, like you always have, and continue to enjoy them via the suite of apps we provide. This is fundamental - we provide an entire suite of apps to allow you to play and present the artworks across many screens and devices. Sedition is about the enjoyment, collecting and viewing of art. What use is an artwork you can’t see and enjoy?

Sedition supports only the Ethereum blockchain. 

Please note that we support the first layer of the Ethereum Blockchain.

All non-crypto transactions on Sedition are in United States dollars.

All crypto / NFT transactions are made in ether.

On Sedition, you can use Metamask, Coinbase wallet as well as WalletConnect.

You can connect your crypto wallet with Sedition from account settings. Select the wallet you would like to connect and follow the instructions that your wallet provides in order to verify the connection.

After that is done, certain artworks that have been bought previously and are currently in people’s Vaults can be turned into non-fungible tokens. Eligible artworks have an NFT icon and if you own an edition, a button “Create NFT on the Blockchain” appears under the artwork in your Vault.

In order to turn the artwork into an NFT, go to your Vault and click the “Create NFT on the Blockchain” button and follow the instructions on the screen. Please note that the process is irreversible. During the process, you will be prompted to connect your Ethereum wallet if you haven’t yet and confirm the transaction (for which you will need to pay the gas fees) from your wallet. Remember to top up your wallet with ether before you start the process. As soon as the transaction is confirmed on the network and our servers process it, you will be able to see that your artwork’s ownership ledger has been shifted to the Ethereum blockchain. 

Please note that after turning the artwork into an NFT, the ownership is no longer associated with your Sedition account. Instead, the ownership is associated with your crypto wallet - so if you disconnect your wallet from your Sedition’s account, the artwork will disappear from the Vault.

For a step-by-step walkthrough of the process, check out this video:

The mechanism to buy an artwork and immediately mint it as an NFT at the point of sale has not yet been implemented. For now, you need to buy an artwork as a digital limited edition and then use the out-of-Vault minting mechanism. Until the shift to ‘proof of stake’ has taken place, we will be announcing about one artwork per week that can be minted. We do not intend to suddenly add the entire Sedition collection to the blockchain.

The mechanism to buy NFTs at the point of sale will be implemented later in the future.

At times, blockchain transactions may fail. It may be caused by the network being highly congested. It is also possible to cancel the transaction before it has been confirmed on the Ethereum blockchain.

If your transaction is canceled or failed, your artwork will not be turned into an NFT. So if your transaction fails but you still wish to turn your artwork into an NFT, you will have to try again. 

Our recommendation is to wait some time before attempting again - if the network is congested, it is likely that it will take a bit of time before it’s all cleared up.

Unfortunately, gas fees are still incurred despite the transaction failing.

Not yet.

Our goal is to make all artworks mintable eventually, however.

The collectors who mint their works.

If you previously bought an artwork on Sedition that has now become possible to list as an NFT, you will be paying the gas fees if you wish to list your artwork on the Blockchain as an NFT. 

Please note - the gas fees do not go to Sedition, instead, they go to the Ethereum network. Sedition cannot issue refunds, adjustments or exercise any control whatsoever over these fees.

Sedition takes a small administrative fee for listing the artwork as an NFT. 

The current fee that Sedition takes can be seen after clicking the “Create NFT on Blockchain” button from the Vault.

If you mint a Sedition NFT and choose to resell it, every time the artwork changes hands, a secondary trade fee will be charged. The fee is split between Sedition and the artist who created the artwork in the first place.

The fee is set at 7.5% of the resale value of the artwork. Please note that in addition to that, OpenSea charges a 2.5% fee for every trade that takes place. The total fee is thus 10%.

Congratulations! 

Now that you have an NFT, you can resell it at a secondary marketplace for NFTs. 

The largest NFT marketplace is called OpenSea.