collision.art

0x1…7b1

ERC1155

Only 199 of these Asset Proofs will ever exist. This token is the Asset Proof for the “Fire” Limited Editions in the 100 Legends Series. All token holders of “Fire” Editions and this Asset Proof share the underlying 1999 #4 Charizard BGS 9.5 condition known as “Fire.” Upon sale of Fire vault token “96”, each corresponding Asset Proof holder will receive .05% of the sales proceeds, net of fees and gas. The Limited-Edition artwork lives on forever as an NFT to signify the historical importance of this moment and as a forever tribute to the underlying asset and the legend himself, Charizard. One of the greatest iconic cards in the card collecting hobby, the #4 Charizard is easily one of the most recognizable and desired. Owning a piece of this incredible holographic Charizard is sure to make any collectors’ dreams come true. The card is held in a bonded conservatorship in the Blokpax vault. Blokpax as a project is the first of its kind to offer NFT tokenized ownership of physical collectibles. Blokpax is USA based and all vaulted assets are fully insured. “Fire” Sale Terms: Purchasing the ownership rights to the “Fire” 1999 #4 Charizard BGS 9.5 underlying asset requires one of the following conditions to be met: Option A: The payment (using ETH) of $500,000 US$ equivalent.  The ETH to US$ posted price will be adjusted at least 2x per year. Or Option B: If unsold by Option A prior, via a 90-day smart contract declining bid auction beginning on January 13, 2032 at 12:00 noon Eastern Time. LEGAL & COMPLIANCE NOTICE:Future underlying asset value is not dependent on actions of the project, the asset custodian or any other third parties beyond asset care and custodianship. The terms of any future sale of the underlying asset are set and known to all parties at the time of sale and can’t be amended. Collision NFT owners do not vote and even a future majority owner cannot change the asset sale terms. Collision.art underlying assets are community shared collectibles with pre-set exit terms, not investments. The custodian of the Collision.art smart contract and underlying assets is Blokpax, LLC, a South Carolina Limited Liability Company. Blokpax will insure the assets for current fair market value as updated annually and maintain asset safe keeping. All assets held in custodianship are subject to an annual audit. Within 30 days of an underlying asset sale, the custodian will provide a mechanism for disbursement of the net proceeds (pro-rata to the crypto wallets holding the applicable art edition NFTs) and changing meta-data to reflect the underlying asset has been sold.