Creatd's OG Subsidiary Announces First-Ever Generative NFT Drop – PR Newswire
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Dec 08, 2022, 13:21 ET
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NEW YORK, Dec. 8, 2022 /PRNewswire/ — Creatd, Inc. (OTCQB: CRTD) (“Creatd” or the “Company”), the parent company of OG Gallery, today announced its largest NFT art drop to date. The new generative NFT drop features 1,000 one-of-a-kind images from the OG Gallery, which was established to create new digital and physical art out of rare archival materials from the Company’s OG Collection and form an innovative avenue for NFT and fine art collectors alike. Each NFT can be minted for 0.02 ETH on the OG Gallery site starting on December 15, 2022 at 12PM EST. The collection is available for preview beginning today.
Earlier this week, the Company announced that it has entered into a Letter of Intent to sell 25% of the OG Collection to an outside party for a purchase price of approximately $2.5 million.
The generative drop evokes the experience of physically exploring the collection’s treasure trove of negatives, photographs, archival papers, and artifacts. Each NFT in the 1,000-piece drop combines one of the OG Collection’s rare images with added archival elements–such as stamps, acid-free folders, and paper clips–that conjure the archival process used to preserve and share the materials. These details both authenticate the media library and offer hints into their original lives, revealing how Guccione’s artistic eye informed his work. The NFT works featured in the drop are algorithmically-generated, combining different traits across multiple categories, giving rise to new works as unique as the original film photographs that inspired them.
NFT Holder Perks:
As part of its offering to NFT holders, OG Gallery is implementing NFT-based memberships to grant exclusive benefits to holders of these digital assets, with upcoming perks including:
Commented Creatd CEO and Chairman Jeremy Frommer, “Guccione was, above all else, an innovator. With OG Gallery, and today’s significant NFT drop in particular, we invite you to become a collector who champions free expression, furthers creative innovation, and celebrates artistry.”
Creatd, Inc. (OTCQB: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. Creatd’s pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: [email protected]
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SOURCE Creatd, Inc.
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