Round 3 is complete and, in a dream trade, PaperclipDAO has obtained IKB 37 by Mitchell F. Chan from @jgcfyi! @jgcfyi gets our beloved paperclip punk (CryptoPunk #3744) and 9999 DSMB, part of the fractionalized dissected Meebit, plus 300 $CLIP in return. We’ll miss the paperclip punk but are excited to welcome @jgcfyi to PaperclipDAO! 🖇

Mitchell Chan's Digital Zone of Immaterial Pictorial Sensibility (IKB) is a 2017 NFT project that would be mindblowing even if it was released today. It can be thought of as a digital homage to a famous conceptual artwork by Yves Klein. Homage is artistic tradition---Van Gogh’s beloved tributes to Hiroshige’s work were a way to honor and celebrate the connection he saw between Japanese art and Impressionism. Chan saw the striking connection between Yves Klein and NFTs and created IKB.

IKB draws on an exhibition by Yves Klein in 1958, in which patrons paid in pure gold to view empty spaces (Zones) that Yves imbued with the sensibility (but not the physical appearance) of the color blue. That an artist can “imbue” a space with their art was a radical concept in 1958, but here in 2021’s NFT Summer we are happy to let artists imbue even a digital space with value.[1] Digital Zones understood and predicted this in 2017 and it took the rest of us four years to get it.

In Klein’s 1958 exhibition, a collector who wished to purchase a Zone had to pay in solid gold. They were then issued a paper receipt to serve as proof of transaction. Klein also designed a ritual meant to empower the purchaser to obtain the true immaterial sense of the artwork, enabling the sensibility of the artwork to become part of the owner in a spiritual sense. During this ritual, the purchaser would burn this receipt and Klein would throw half the gold into the River Seine. There are three documented instances of this ritual being performed.

The 101 IKBs represent a fascinating extension of Klein’s ritual on-chain (including a smart contract function that will reproduce the effects of the ritual…) across 7 series, minted starting in 2017. There’s much more to this project than we can cover here--for instance, IKB’s contract is a very early instance of a bonding curve. But you can learn more about this fascinating series by reading the Blue Paper or watching this short video series.

Needless to say, we were floored to receive an offer for an IKB, a historic NFT and trade for Paperclip.

We received many other notable offers, and as in previous rounds, we were sad to part with all the NFTs that we couldn’t accept. As always, we weighed several factors in making a final decision on which trade to accept. We care about more than just the economic value of a trade; we value the culture, story, and journey of the NFT as well.

We only have time to highlight a few of our favorites, but you can check out the Round 3 offers to see them all. In no particular order, here is our homage to the ones that got away in Round 3:

• Our first Round 3 offer was for Hand by @aaraalto, which he created for the Break Free artwork from the Brain Vomit collection (@steven__rea). [discord link]

• @MPtherealMVP continues to show off her excellent taste, offering a SALT 60. The SALT series is a collection of 180 images, which revolve on a 180 day cycle. Each image is unique and no image appears simultaneously [twitter link]

• @billyrennekamp offered terra0 Flowertoken 14  [twitter link]. terra0 is a long-running experiment in self-owning resources, i.e. a forest that owns itself. The Flowertokens were 1/100 physical flowers that were grown on a livestream from

Each of these offers adds to the storied history of the PaperclipDAO, and we are honored to add our third trade to the history books. In Round 1, we picked the future; in Round 2, we looked back to the past. In Round 3, we honor the beautiful history of NFTs. You won’t believe what we’ve got in store for Round 4. 🖇🖇🖇🖇

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[1] It should be pretty evident by now that, say, an original 2017 Cryptopunk has something valuable imbued in it that a visually identical 2021 copy does not.

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Round 3 is complete and, in a dream trade, PaperclipDAO has obtained IKB 37 by Mitchell F. Chan from @jgcfyi! @jgcfyi gets our beloved paperclip punk (CryptoPunk #3744) and 9999 DSMB, part of the fractionalized dissected Meebit, plus 300 $CLIP in return. We’ll miss the paperclip punk but are excited to welcome @jgcfyi to PaperclipDAO! 🖇

Mitchell Chan's Digital Zone of Immaterial Pictorial Sensibility (IKB) is a 2017 NFT project that would be mindblowing even if it was released today. It can be thought of as a digital homage to a famous conceptual artwork by Yves Klein. Homage is artistic tradition---Van Gogh’s beloved tributes to Hiroshige’s work were a way to honor and celebrate the connection he saw between Japanese art and Impressionism. Chan saw the striking connection between Yves Klein and NFTs and created IKB.

IKB draws on an exhibition by Yves Klein in 1958, in which patrons paid in pure gold to view empty spaces (Zones) that Yves imbued with the sensibility (but not the physical appearance) of the color blue. That an artist can “imbue” a space with their art was a radical concept in 1958, but here in 2021’s NFT Summer we are happy to let artists imbue even a digital space with value.[1] Digital Zones understood and predicted this in 2017 and it took the rest of us four years to get it.

In Klein’s 1958 exhibition, a collector who wished to purchase a Zone had to pay in solid gold. They were then issued a paper receipt to serve as proof of transaction. Klein also designed a ritual meant to empower the purchaser to obtain the true immaterial sense of the artwork, enabling the sensibility of the artwork to become part of the owner in a spiritual sense. During this ritual, the purchaser would burn this receipt and Klein would throw half the gold into the River Seine. There are three documented instances of this ritual being performed.

The 101 IKBs represent a fascinating extension of Klein’s ritual on-chain (including a smart contract function that will reproduce the effects of the ritual…) across 7 series, minted starting in 2017. There’s much more to this project than we can cover here--for instance, IKB’s contract is a very early instance of a bonding curve. But you can learn more about this fascinating series by reading the Blue Paper or watching this short video series.

Needless to say, we were floored to receive an offer for an IKB, a historic NFT and trade for Paperclip.

We received many other notable offers, and as in previous rounds, we were sad to part with all the NFTs that we couldn’t accept. As always, we weighed several factors in making a final decision on which trade to accept. We care about more than just the economic value of a trade; we value the culture, story, and journey of the NFT as well.

We only have time to highlight a few of our favorites, but you can check out the Round 3 offers to see them all. In no particular order, here is our homage to the ones that got away in Round 3:

• Our first Round 3 offer was for Hand by @aaraalto, which he created for the Break Free artwork from the Brain Vomit collection (@steven__rea). [discord link]

• @MPtherealMVP continues to show off her excellent taste, offering a SALT 60. The SALT series is a collection of 180 images, which revolve on a 180 day cycle. Each image is unique and no image appears simultaneously [twitter link]

• @billyrennekamp offered terra0 Flowertoken 14  [twitter link]. terra0 is a long-running experiment in self-owning resources, i.e. a forest that owns itself. The Flowertokens were 1/100 physical flowers that were grown on a livestream from

Each of these offers adds to the storied history of the PaperclipDAO, and we are honored to add our third trade to the history books. In Round 1, we picked the future; in Round 2, we looked back to the past. In Round 3, we honor the beautiful history of NFTs. You won’t believe what we’ve got in store for Round 4. 🖇🖇🖇🖇

** \n -------**

[1] It should be pretty evident by now that, say, an original 2017 Cryptopunk has something valuable imbued in it that a visually identical 2021 copy does not.

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