- Frogs Over Fiat Art Gallery in New York featuring Bitcoin NFT opens tomorrow at 11 a.m. ET in lower Manhattan.
- The art gallery will feature the Fake Rare and Fake Commons Rare collections of rare Pepe art, which will be featured by many notable artists and collectors.
- Rare Peps created a business frenzy in 2016-17, prompting these art collections from a member of the Wu Tang Clan with sales of up to $250,000.
The Frog > Fiat Art Gallery in lower Manhattan, NY — featuring bitcoin-only non-fungible tokens (NFTs) — opens tomorrow and runs through Thursday. The gallery will feature prominent artists such as the hip-hop group, Ghostface Killah of the Wu Tang Clan.
The gallery will host over 25 original pieces from the Fake Rare and Fake Commons bitcoin art collections and gallery attendees will only be able to mint NFTs on demand with a BTC NFT ATM, which will give away pieces of physical art for free.
Some of the biggest collectors in the ecosystem have been drawn to the imitation rare art collection, and Ghostface, along with the rare rock, is currently the highest-priced piece that sold for $250,000 last fall. More than 100 artists have contributed over 500 original artworks worth over 200 BTC to the collection, which is valued at approximately $4 million.
The Fake Rare Collection catalysed the current wave of NFTs being built on BTC and XCP by modeling the original Rare Pepe trading frenzy from 2016-2017. The archive was the first to bring MP4 files and music to bitcoin – via counterparty token XCP – such as Ghostface Killah. While most are ideologically aware of NFTs being built on BTC, the mention of XCP may be a new concept.
In short, XCP is a way to tokenize information through a layer two application by embedding data in bitcoin transactions. XCP is not a sidechain, nor is it a competitor chain. It cannot exist without the bitcoin protocol or BTC as its primary asset.
The gallery opens every day from 11 a.m. to late night at 80 W Broadway, Manhattan NY and will run next to Scar City’s PEPE ART gallery that will feature rare Pepe Grails and other modern Pepe creations. The event was planned in conjunction with the Fake Basel Art Gallery, which ran from 15–19 June in Basel, Switzerland, featuring digital and physical Pepe art.