collision.art

0x1…7b1

ERC1155

Only 180 of these Asset Proofs will ever exist. This token is the Asset Proof for the Wright Flyer I Wing Fabric. All token holders of the Wright Flyer Wing Fabric and this Asset Proof share the underlying Wright Flyer I Wing Fabric Relic, know as “FLIGHT.” Each “FLIGHT“ Edition holder will own .28% per serial # edition and per Asset Proof. 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. Remember, the underlying Wright Flyer I Wing Fabric is the first major Historical Artifact physical collectible to be vaulted and have its ownership tokenized as an NFT on the blockchain. The relic is now truly one-of-a-kind. The asset 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. Learn more about “FLIGHT” Wright Flyer I Wing Fabric here: [Blokpax.com/flight](https://blokpax.com/flight) --- **Asset Sale Terms:** Purchasing the ownership rights to the “FLIGHT” Wright Flyer I Wing Fabric underlying asset requires one of the following conditions to be met: Option A: The payment (using ETH) of $1,400,000 USD equivalent. The ETH to US$ 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 December 17, 2031 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.