Seneca, the lead artist behind Bored Ape Yacht Club (BAYC), one of the most celebrated NFT projects, will be debuting five NFTs on Saturday at Art Basel in Miami.
Four will likely be sold at auction at the ICONOCLAST art exhibition. The fifth, a BAYC-related piece, will go up for auction next year, the artist told The Defiant.
The NFTs will be minted on Ethereum, but hosted on the Internet Computer, a blockchain built for and developed by the DFINITY Foundation. In theory, because the NFTs will be 100% on-chain, they can’t be taken down as they can when hosted on centralized servers like Amazon Web Services (AWS).
Seneca has had frustrations with the traditional art market, a world which has up to now treated digital art as a second class relative to its physical counterpart.
“The fact that you can authenticate a digital asset, that’s revolutionary. That changes the game entirely,” she said, adding that NFTs will give digital art a seat at the table in the traditional art market.
Bored Ape Yacht Club was Seneca’s first foray into the NFT world and the artist is excited about the possibilities of the emerging field. “Of course watching the project become this, you know, crazy empire is amazing, but also, I continue to look forward. I’m like, what’s next?”
Seneca teased a potential NFT drop for 2022 but wasn’t ready to share details. “What I made for Art Basel is just the start for me,” the artist said.