Tezos

Happy to announce the newest version of the ZeroContract has been minted. It is out in the wild now. Anybody that is interested, let me know. We'll get this revolution going. I'll be sharing a series of small infographics with information in threads to explain all the new features of the contract. There are quite a few. All very useful. And one is super innovative that I plan to try getting into the official TZIP standard.

Quick summary of the topics I'll be discussing:
○ Freedom to edit Contract Metadata
○ Freedom to edit Token Metadata
○ Add Collaborating Artists directly on-chain
○ Freedom to swap artwork (artifactUri)
○ Freedom with artwork of any file size
○ Ability to add infinite types of artwork
○ Family relationship between collections
○ True Destroy of art versus Burn
○ Full compliance with Tezos standards
○ Full compatibility with existing marketplaces

Zero Contract Feature Highlight #5:  

○ True Destroy of art versus Burn

There is a large distinction here and I feel we need to change our language. The most common "burn" that people understand is sending a token to a burn address. This is used all the time. And it is the only way a collector has to get rid of a token. But in reality, this is just a token transfer to another wallet. This results in the artwork technically still in circulation just owned by a dead, unmanaged wallet.

Destroy, in contrast, removes the token from circulation. The blockchain ledger takes it out of the entries. For provenance, we do keep the metadata information, but the token is now more a historical reference and nobody can ever own it again.

Much like before, this is an execution decision. It would be possible to let the artists destroy it, or any owner actually, at any time but that would be mayhem!

Destroy removes the entire ledger entry. The artwork is not allowed to be own, sold, etc. So if there are 10 editions, the artist owns 5 and wants to Destroy them, it would actually destroy all 10. So this is just a failsafe so an artist does not act in bad faither, or just make a mistake, and Destroy something other people own. Which would be like changing the artwork image without the collector's knowledge, but multiple times worse.

The artists can always burn their editions, just not Destroy the artwork completely. Maybe I will look at incorporating a partial Destroy in a future version. Where an artist reduces supply (destroying their 5 editions).

Hmmm, it's a me again. xD 

Why is it only available when the artist owns all editions?
Is it because it's only possible to destroy all editions and not only the ones the artist owns?

With the ZeroContract we do not have an integrated Burn mechanism anymore. Since this is just a send operation we rely on the transfer function. We do now, however, have a new Destroy mechanism. I have ensured that only the original minter can destroy a token. And they can do that if and only if they own all of the editions. The Destroy function becomes locked and inaccessible when any other address owns an edition. This also includes the Burn address. If one token is sent to the burn address, the artwork could never be destroyed.

But it is an action that can be taken at any time. If an artist wants to destroy some art, they have the option of trying to buy back all of the editions. Once the artists owns them all a gain, Destroy is unlocked.

mary • artist • mom • xtz • eth • degen | links https://bento.me/marydeer

Yes. This is not new. I didn't create the mechanism it is just not widely understood.