The coalescence of Jean-Michel Basquiat and the Ethereum (Eth) Blockchain is bound by a ladder of similarities. Samo (SAMe Ol' shit), a graffiti duo of Basquiat and Al Diaz, are well known for their enigmatic epigrams, instantly recognisable by their signature ‘E’ - three unbounded horizontal lines. Those familiar with Eth will know that the currency Ether has an eerily similar symbol which is depicted in the centre of our garment design.
The explosion of NFT's on the Eth blockchain has revolutionised art. Like Graffiti in the 80s, traditional artists have been known to look down on NFT's claiming it to be a "failure of imagination". However, the NFT avant garde continue to kickdown backdoors reminding us of Basquiats transition from Samo to Neo-expressionism,"the new wild ones" bringing energy and a buzz to the art world.
The punk era has played an integral part for both. Crypto was born out of the Cypherpunk movement - the use of cryptography and privacy enhancing technologies as a route to social and political change. Samo's system of phrases in spray paint form were heavily influenced by the punk genre and in Basquiat's later career he often used his drawings specifically to raise awareness of current socio-political issues. His painting aptly demonstrates this and was recently highlighted by the George Floyd incident - SAMO we guess.
We find it interesting that two cultural watershed moments in art are depicted through three unbounded lines; Samo formed the foundation for Basquiat whilst Eth forms the foundation for NFT's.
NFT's have become similar to the artwork in the 80s, the separation between artwork as artwork and artwork as monetary value has become obsolete much as we might prefer not to confront this reality. The days of pfp projects are on the decline whilst other NFT purchases are speculative; there are misalignments of incentives - This controversial XTweet by NFT GOD sums up the market. However, our beliefs differ slightly in that art is not the only utility. We believe royalties will play a far more important role.
Basquiat sold his first painting to Debbie Harry for $200, it was last valued 13 years ago at £10m. Today a few of his paintings have fetched north of $100m. His estate have not seen a penny from any resales. Seem fair to you? FYI California is the only state in the US which practice resale royalty rights.
APINGX believe it's only fair to give artists/creators their just dues which is why our xNFT holders recieve royalties from the sale of our items.
Like SAMO and Like Eth, our genesis piece is our foundation for a new era of Fashion and NFT's.
It's our answer to a lack of utility
It's our answer to inane pfp's
It's our answer to the SAMe Ol' shit
NEW MONEY. NEW FASHION. TRANSFORMING FASION THROUGH WEB3.
SAMO NOT DEAD
INTO THE ETHER
ASE ORI ELA