Mint Pass Policy
Note: this policy is currently a draft and subject to ratification by the CryptoCitizens. Read more here.
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.
Last modified 30d ago
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