Street Art on ApeChain Curated by Ben Eine
OPENER
Investing in an original Banksy is now as simple as holding APE.
With access to over $100 million worth of iconic street art, including masterpieces from Banksy and other renowned artists, Kite will fractionalize these works and mint them on ApeChain.
Holders will benefit from returns in APE over time, while owning a piece of art history.
Our proposal leaves a lasting legacy “on the wall” of the ApeCommunity.
TEAM DESCRIPTION
Nick Magliocchetti – Co-Founder & CEO
Nick is leading the team in merging the art world with blockchain technology, with over two decades of experience building disruptive technology in multiple sectors. He is passionate about transformative platforms that enable the tokenization of high-value physical assets and is focused on revolutionizing traditional art markets.
Ben Eine – Co-Founder & Creative Director
Ben Eine is one of the most influential street artists globally, famed for his typography-based graffiti and decades-long collaboration with many global artists, including Banksy. Ben will help curate the first ApeCoin-dedicated art series, merging street art with Web3 innovation.
Toby Meller – Co-Founder & CTO
Toby Meller is a blockchain expert and leads the development of the Kite platform. With extensive experience in blockchain technology, he ensures the seamless tokenization and trading of physical art on ApeChain.
Stefan Godly – Global Business Development & Partnerships
Stefan leads global business development and partnerships for Kite. With over a decade of experience in startup growth, securing millions in funding, and a strong network in Web3 and the VC space, Stefan is pivotal in strategic partnerships and expanding Kite.
PROPOSAL DESCRIPTION
Phase I: APEIC NFT | The Exclusive VIP Access to Fine Street Art for the APE Community
The APEIC Series is a monumental collaboration between Ben Eine, Kite’s co-founder and curator, and ApeCoin. This exclusive series consists of NFTs linked to limited edition, signed, and numbered prints, merging high-end physical art with blockchain technology.
APEIC NFTs serve as membership keys to Kite, a web3 art studio created to curate and tokenize masterpieces from artists like Banksy, Stik, and KAWS. These masterpieces will be displayed in global galleries, while fractional ownership of the tokenized works generates returns in APE, claimable through the Kite member area.
Phase II: Banksy on ApeChain | The Exclusive First Mint of a Banksy in the Kite Studio
APEIC NFT holders will receive a share of a highly prized Banksy piece and have first rights of refusal to purchase fractions of future tokenized works curated by Ben Eine. These fractionalized works will yield returns in APE.
Phase III: Beyond Banksy on ApeChain | Building the Legacy for the Ape Community
Kite Studio will continue curating exclusive fine art for the ApeCommunity, expanding into mainstream audiences, with all works revolving around the vibrant ecosystem of APE.
BENEFIT TO APECOIN ECOSYSTEM
Exclusive Art Access & Original Signed Prints
- Limited Ben Eine Edition:
The first release consists of a collection of 250 APEIC NFTs, designed in 10 sets of 25 unique colourway combinations. Each NFT serves as a membership key, granting access to exclusive member benefits and future curated collections. - Exclusive Physical Art:
Each APEIC NFT holder can purchase a super scarce, numbered print of their NFT, signed by Ben Eine, allowing them to display a physical version of the limited-edition artwork at home.
Banksy Fractions Yield APE
- APEIC NFT holders will receive a share of a highly prized Banksy piece and have first rights to purchase fractions of future Banksy pieces, all tokenized on ApeChain and yielding returns in APE.
Global Brand Awareness
- Events & Marketing:
The APEIC Series will be showcased during globally recognized events like Art Basel Miami and Frieze, putting ApeCoin in the fine art spotlight and blending Web3 with the physical art world. High-impact marketing efforts, including behind-the-scenes content and exclusive artist interviews, will drive awareness and engagement.
Community Engagement & Governance
- Membership Key & Access:
Holders of the APEIC NFTs will gain early access to future collections, receive governance roles in future projects, and be invited to select private events, exhibitions, and personal artist meet-and-greets.
INITIAL PLANS
The APEIC Series is the first step in establishing ApeChain as the premier platform for tokenized street art. Future developments include:
- Q4 2024 - Limited Edition Release:
A limited-edition set of NFTs offering exclusive benefits to select holders. - Spring 2025 - First Banksy Piece:
Selected by Ben Eine, the first Banksy artwork will be fractionalized and offered exclusively to APEIC NFT holders. - 2027 - $100M Banksy Fractionalized:
Kite will offer access to over $100M worth of tokenized Banksy art to the APE community. - Global Tour:
A global tour of the APEIC Series will take place at major art fairs, offering VIP access to ApeCoin and Kite holders.
STEPS TO IMPLEMENT
Start & End Date: October 1, 2024 – December 2025
Phase I: Prepare the Home (October 2024 – March 2025)
- Launch Ben Eine’s APEIC Collection, featuring limited edition signed and numbered prints, represented by 250 NFTs in 10 sets of 25 colourway combinations.
- These NFTs will act as membership keys, granting exclusive access to benefits, governance roles, and curated drops on the Kite platform.
Phase II: Get into Mainstream News (April 2025 – December 2025)
- First Banksy pieces gifted to APEIC holders, offering them fractionalized ownership and returns in APE.
- Showcase the APEIC Series at Art Basel Miami, Frieze, and other major global events, offering VIP access to ApeCoin holders.
Phase III: Around the World (2026 onwards)
- Enable secondary trading of Banksy pieces and tokenize up to $100M worth of Banksy artwork on ApeChain.
REPORTING EXPECTATIONS
- Monthly Updates: Regular platform development, community growth, marketing efforts, and yield generation reports for NFT holders.
- Performance Metrics: Monthly reporting on NFT trading volumes, fractional ownership, and engagement at global events.
- Event Summaries: Recaps of art fairs, media coverage, and participation statistics.
OVERALL COST TO IGNITE OUR VISION
Total amount requested from the ApeCoin Ecosystem Fund = $450,000 USD
- Platform Development: $175,000 USD
Build and maintain the Kite studio on ApeChain, including member features, art tokenization interfaces, and governance infrastructure. - Artist Collaboration & Art Production: $50,000 USD
Production and distribution of the APEIC Series, including the creation of limited edition, signed, and numbered prints by Ben Eine. - Art Curation & Asset Management: $175,000 USD
IRL art events, global exhibition organization, and logistical support for showcasing the APEIC Series at top-tier art fairs.
Banksy on ApeChain Giveaway: $50,000 USD
Free Banksy fractions for APE holders.