PixEOS: Not Your Typical Art Gallery
Written by Dmitriy Perelstein
If you are familiar with EOS blockchain, chances are that you are also familiar with PixEOS. This art and gaming project was born at the end of last year and had experienced tremendous growth and support of the community. It has partnered with numerous EOS wallets, some of the most prominent block producers in the industry and was covered in all of the major news outlets, both crypto and mainstream. We, too, have already covered this project and you can read that article here.
NOT YOUR TYPICAL ART GALLERY
If you visit PixEOS Telegram channel, you will notice that the level of communal energy present there is just unparalleled to any other crypto channel. You will likely be visually awed and inspired by the amount of gifs and memes created by the community there. And these are not your regular internet memes. If I were to find a description for some of the art created by the PixEOS community members, I would call it a "postmodernistic crypto avant garde graffiti". It's as if Banksy, Jean-Michel Basquiat and Salvador Dali formed a collaborative union. But don't take my word for it - see for yourself on the PixEOS giphy site. Here's one example:
GENESIS CANVAS LAUNCHED
But pixEOS is obviously far from just being a crypto version of New York SoHo or Paris Montmartre - a place where cool artists love to hang out. PixEOS slogan - "Where Games and Art Collide" - implies that a gaming component is going to be a large part of the project. As of two days ago the first official PixEOS canvas has been launched with quite a bang.
What exactly is a PixEOS canvas? It's a form of a digital graffiti, similar to Reddit's Place, Million Dollar Homepage, EOS Wall and the original PixelMaster. It is a public canvas of 1000 x 1000 pixels in area where users or artists can express their thoughts, inspirations, desires, or simply fool around. The best part about it is: you can actually try to make some money while doing this.
Similarly to a graffiti wall any pixels can be painted over on the canvas. There are no rules and the only rule that governs the canvas is who is willing to pay more for a pixel.
Just like with the Pixelmaster project, all pixels go on sale at a price of 0.05 EOS. Then each one can be bought and painted over with a 35% mark-up. Simple math tells us that the price of a pixel grows in a progression. For example, if a pixel is painted over 30 times its price will go up to 0.05 * 1.35 ^ 30 = 406 EOS. The center pixel (typically most desired piece of Real Estate on the canvas) sells for 223 EOS at time of writing of this article, which means that in two days it has been flipped over 28 times!
In case you don't remember, the price of the centerpiece pixel on a Pixelmaster canvas rose to 4,484 EOS by the end of the experiment - the equivalent of $26K in EOS at those prices. Hard to believe but you could have technically bought a house for a price of 1 pixel sold in the cryptoverse!
EVERYTHING IS ART
Due to the nature of the canvas, every pixel bought and painted on it is considered a piece of art. However, the odd thing is that even the most beautiful art on the canvas can be modified by a different user if they are willing to pay higher price. So at any point in time if you believe that you painted a beautiful pixelated Godfather that will be highly appreciated by the community in its original state, someone else can come in and draw a doodle over it:
Art vandalism like this at any museum in the world will land you in jail!
There are other types of paintings that can already be seen on the canvas. Some of them have a political connotation, but can also have a hidden meaning - a dare to "buy the real estate" to those disagreeing with the original message.
This one is a reference to Ross Ulbricht the alleged founder of Silk Road who some people consider almost a crypto martyr, yet others think that he is a criminal who belongs in jail:
Kurt Braget did a great short video describing his experience playing the game that you could watch here. He explains several other tactics that people may use on the canvas:
Staking mechanism was also launched on pixEOS last night. For those unfamiliar with staking, it's a way to earn passive income by staking, or freezing, your pixEOS tokens in order to receive dividend payouts from the project's shared profits. Here's how it currently works. Each repurchased pixel creates a 35% profit. 25% of that profit is then being allocated to various payouts, of which 20% is allocated to the staking payouts.
Here's a simple example: if the 35% markup is 100 EOS, then 100 * 25% * 20% = 5 EOS will be distributed to the staked token owners. You can read the official rules here.
EOS Dividends is a great source of information about projects that pay out dividends for staked tokens. PixEOS was just added there last night as well.
MORE THAN JUST A CANVAS GAME
But PixEOS is much more than just another canvas game. Team's roadmap is filled with exciting products and features. NFT Art Gallery is in the making which should bring tremendous value to the community and project. Imagine that you will be able to own a stake in a piece of visual art? That's equivalent to owning a piece of a virtual Mona Lisa! You will be able to trade your virtual art collection on the blockchain vian auction house that PixEOS is also developing. Maybe one day you will be able to boast of your possession of a virtual art piece such as this one:
Featured image source: PayPho