With the release of any new currency its only a matter of time until counterfeits start to appear. The Counterfeits is a collection of up to 10,000 NFTs each one a digital representation of its physical counterpart. Each and every original artwork has been digitally converted into an 8bit image (your encouraged to compare each of the counterfeits to their corresponding numbered tender) The release will start on the 25/08/2021 and continue until all 10,000 NFTs are made available or until our printing presses are forced to closed down. At which point we will cease production and announce the total final amount minted. By its very nature a Counterfeits value is determined by its master currency. To reflect this the Counterfeits price at the point of listing will be set at 1% of the floor price of its master Currency. This will fluctuate up and down in line with the floor price of the master currency at the time each Counterfeit is listed for sale.
When producing a Counterfeit currency printing errors are inevitable. Some of the Counterfeits have flaws in the form of missing squares known as Clippings (see below image) These rarities are scattered throughout the edition and they have been tagged #void #error #misprint #destroy #burn Other errors may be present and participants are encouraged to assign their own rarities
The project seeks to explore our attitudes and reactions towards Counterfeits. What defines an artwork as original? Can a Counterfeit ever have a value in its own right or is their value always dictated and defined by the original they imitate?
In the early stages the project will rely on word of mouth and exposure and growth will be driven by the holders and participants.
The creator of the Counterfeits comes into the NFT space from a traditional subversive artistic practice and has plans to announce other features and benefits as the project matures and developes.
Any similiarity to any other project or artistic experiment is purely coincidental and no connection to any other artist either living or dead is implied or suggested!