Svietka NFT oil Painting

Svietka The Art and Math Behind a Collectible Masterpiece”

In today’s blog post, I would like to share with you the extraordinary story of an artwork titled “Svietka.” It’s more than just a painting; it’s also a fascinating mathematical experiment that combines traditional oil painting with the modern world of cryptocurrencies and NFTs. Let’s explore the mathematical aspects of this remarkable tale.

Price and Rewards

The artist priced “Svietka NFT oil Painting” at a whopping 1,000,000 ART, where 1 ART is worth $0.0052. Initially, this may seem like a relatively low price, but it’s just the tip of the iceberg. Why? Because the artist added a 1000% bonus to the price, increasing the total prize pool to 11,000,000 ART.

For the first collector who purchases one NFT token, a 50% reward is expected, which amounts to 2,364,532 ART. What makes this special is that the price of the second NFT is 3% higher compared to the first.

Purchase Costs

The first token costs 5,418,719 ART, while the second one costs 5,581,280 ART. If we were to think only about the purchase costs, it might seem like the second token is slightly more expensive. However, this is just the beginning of the story.

Actual Expenditure:

To find out how much the actual purchase of both tokens for the winning collector will be, we need to consider both the purchase costs and the rewards. After acquiring both tokens, the winner receives a 50% reward, which amounts to 2,364,532 ART, as well as an additional reward of 7,635,467 ART for owning both tokens.

In the end, the actual cost of purchasing both tokens, taking these rewards into account, is only 659,172.5 ART.

Considerations Regarding Two Collectors

The situation in which two collectors each bought Svietka NFT oil Painting one NFT token from the work “Svietka” is also interesting and opens up many scenarios. Here are a few possible considerations:

1. Competition for the Second Token: Both collectors acquired tokens when the price of the first was lower and the second was slightly more expensive. Now, both may compete to purchase the second token to obtain the complete artwork. This might lead to an increase in the price of the second token, as both understand that only one of them can win the reward for owning both tokens.
2. Increased Value of the Artwork: If both collectors hold onto their tokens, the entire artwork becomes more valuable as there are fewer tokens available on the market. This could attract other collectors who want to join the game, increasing the value of each existing token.
3. Collector vs. Collector Rivalry: There is a possibility that both collectors might try to strike a deal or agreement to purchase one from the other. This opens another layer of negotiations that could influence the price and value of both tokens.
4. The Ultimate Showdown: If both collectors acquire both tokens, they may compete for the substantial reward for owning the entire artwork. This competition might draw the attention of other collectors and make “Svietka” even more desirable and valuable in the market.

These scenarios show that the NFT collector market is full of unexpected twists and turns. For collectors acquiring these unique works, there are many opportunities for exciting gameplay and art investment, where both mathematics and a passion for art influence the final outcome.