Sale will start at: Sat Apr 3 14:42:24 UTC
DISCLAIMER: Buying does not mean you will get exactly this/these loop(s), another transaction could be faster than yours. Also to be fair, stats will only be revealed after the purchase. Some traits are invisible in the preview and gallery images, they only appear in the HD and 4K versions.
LOOP CONTRACT (VERIFIED): 0x4242422677Fdd7CA7f638B57afbE04371d318d19
DUST CONTRACT (VERIFIED): 0x424242115B5BbDc12A1f5C06Dd8DD0dDd03c321D
What is this all about?
AI42 was a special piece of code forgotten in a bunker which decided to create some art after it has been booted again after nearly 30 years have passed.This AI created 10101 unique pieces of art called LOOPS before it destroyed itself.
Whats uniqe compared to other projects is that all traits have been decided by a single random number generator seed without human intervention, only probabilities where given.
The seed which created all 10101 pieces was also destroyed when AI42 destroyed itself.
Ownership of a LOOP will give you control not seen in other projects:
- Naming: a name can be assigned using so called DUST tokens.
- Hiding: you can decide to hide your NFT in a closet and deny viewing it to others.
- Destruction: if you can destroy real art you can destroy virtual art. You own it, we mean it.
- Copyright: all versions (4K/HD) are owned by the holder of the NFT.
Examples
All Loops bought are available in HD and 4K, you can also see some examples here:
Buying a LOOP
Buying a LOOP is simple as long as the sale is running, you will also get 2048 DUST per LOOP minted.If you buy multiple LOOPS at the same time you will get 2048 DUST for each one.
After the sale is over you will have to refer to secondary markets like opensea.
Naming a LOOP
Naming a LOOP can be done from the account page, each namechange burns 1024 DUST.Remember that DUST is rare (see DUST) and decide wisely.
The rules for naming a LOOP are quite relaxed:
- It can have up to 24 chars length.
- No trailing or leading spaces are allowed.
- All ASCII chars in the range from 0x20 to 0x7f are allowed. [.-^-.(YEAH).-^-.]
- Like Humans other LOOPS can be assigned the same name. Sorry James, Mary and Bill: no enforced fake uniqueness here.
Destroying a LOOP
Destroying a LOOP is sad, but as an owner of it you should be free to do whatever you like with your art.While destructive behaviour might not be the most noble character trait it could also be seen as a service to others:
Destroying a LOOP will increase the rarity of other LOOPS.
Besides from that it will also generate 4096 DUST which can be used to rename other LOOPS.
You can also immoralize yourself on the blockchain by destroying your LOOP. As DUST is rare, setting the LAST WORDS of a LOOP upon destruction is always free.
Selling a LOOP
As soon as you own a LOOP feel free to sell it on secondary markets if you deem it to be ugly or need some cash. However this site will not provide a secondary market for LOOPS.LOOP CONTRACT (VERIFIED): 0x4242422677Fdd7CA7f638B57afbE04371d318d19
What is DUST?
The DUST Token is the way you interact with your LOOPS.With it it is possible to change the name of a LOOP to make it more unique compared to others.
DUST is generated when a LOOP is minted initially or when a LOOP is destroyed.
Yes, destroyed... LOOPS can be destroyed at any time if the owner decides to do so.
DUST is rare and it will get more rare later on after the initial supply of DUST has settled.
The most important DUST metrics:
2048 DUST Tokens are included with every new LOOP.4096 DUST Tokens are created if a LOOP is destroyed.
1024 DUST Tokens are burned to change the name of a LOOP.
Name your LOOP wisely, as it might be difficult to change its name later on.
And wouldn't it be sad if you are stuck with a LOOP named after a bodypart?
DUST CONTRACT (VERIFIED): 0x424242115B5BbDc12A1f5C06Dd8DD0dDd03c321D
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LOOPS
CHANGE NAME OF #
DESTROY LOOP #
HIDE LOOP #
A LOOP can be hidden and unhidden.
Hiding a LOOP will make its images unavailable for everyone.
So if you intent to use them save them before hiding the LOOP.
It can take a while for the transaction to be mined,
the LOOP will automatically update when its done.
Terms and Conditions
Last updated: March 26, 2021
Please read these terms and conditions carefully before using Our Service.
Interpretation and Definitions
Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
Definitions
For the purposes of these Terms and Conditions:
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Affiliate means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
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Country refers to: Austria
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Company (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to DDAO (Degenerative Decentral Autonomous Organization)
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Device means any device that can access the Service such as a computer, a smartphone or a tablet.
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Smartcontract means a digital contract on the Ethereum Blockchain which is immutable to any change.
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NFT-Token means a digital good on the Ethereum Blockchain which represents ownership of a certain piece of artwork.
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Goods refer to the items offered for sale on the Service.
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Orders mean a request by You to purchase Goods from Us.
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Service refers to the Website.
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Terms and Conditions (also referred as "Terms") mean these Terms and Conditions that form the entire agreement between You and the Company regarding the use of the Service.
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Third-party Social Media Service means any services or content (including data, information, products or services) provided by a third-party that may be displayed, included or made available by the Service.
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Website refers to AI42, accessible from https://ai42.art, https://app.ai42.art and all subdomains.
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You means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Acknowledgment
These are the Terms and Conditions governing the use of this Service and the agreement that operates between You and the Company. These Terms and Conditions set out the rights and obligations of all users regarding the use of the Service.
Your access to and use of the Service is conditioned on Your acceptance of and compliance with these Terms and Conditions. These Terms and Conditions apply to all visitors, users and others who access or use the Service.
By accessing or using the Service You agree to be bound by these Terms and Conditions. If You disagree with any part of these Terms and Conditions then You may not access the Service.
You represent that you are over the age of 18. The Company does not permit those under 18 to use the Service.
Your access to and use of the Service is also conditioned on Your acceptance of and compliance with the Privacy Policy of the Company. Our Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your personal information when You use the Application or the Website and tells You about Your privacy rights and how the law protects You. Please read Our Privacy Policy carefully before using Our Service.
Placing Orders for Goods
By placing an Order for Goods through the Service, You warrant that You are legally capable of entering into binding contracts.
Your Information
If You wish to place an Order for Goods available on the Service, you will not be asked to provide any information. The transaction occurs between you and the Smartcontract.
You represent and warrant that: (i) You have the legal right to use the payment method in connection with any Order; and that (ii) you are not residing in a country excluded by the Disclaimer.
Order Cancellation
We, bound by the Smartcontract, reserve the right to refuse or cancel Your Order at any time for certain reasons including but not limited to:
- Goods availability
- Errors in Your Order
- Technical problems
Your Order Cancellation Rights
As transactions with a Smartcontract are digital and final goods (for example NFT-tokens) cannot be returned and therefore there is no Returns Policy.
By interacting with the Smartcontract You agree that any sale is final and You do not have any right or possibility to cancel an Order.
Prices Policy
The Company reserves the right to revise its prices or generate new Smartcontracts at any time.
The prices quoted are specified by the respective Smartcontract.
Payments
All Goods purchased are subject to a one-time payment. A payment can be made through the Ethereum Blockchain only.
Links to Other Websites
Our Service may contain links to third-party web sites or services that are not owned or controlled by the Company.
The Company has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third party web sites or services. You further acknowledge and agree that the Company shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services available on or through any such web sites or services.
We strongly advise You to read the terms and conditions and privacy policies of any third-party web sites or services that You visit.
Termination
We may terminate or suspend Your access immediately, without prior notice or liability, for any reason whatsoever, including without limitation if You breach these Terms and Conditions.
Upon termination, Your right to use the Service will cease immediately. However, interactions between You and the Smartcontract will be unaffected.
Limitation of Liability
Notwithstanding any damages that You might incur, the entire liability of the Company and any of its suppliers under any provision of this Terms and Your exclusive remedy for all of the foregoing shall be limited to the amount actually paid by You through the Service.
To the maximum extent permitted by applicable law, in no event shall the Company or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever (including, but not limited to, damages for loss of profits, loss of data or other information, for business interruption, for personal injury, loss of privacy arising out of or in any way related to the use of or inability to use the Service, third-party software and/or third-party hardware used with the Service, or otherwise in connection with any provision of this Terms), even if the Company or any supplier has been advised of the possibility of such damages and even if the remedy fails of its essential purpose.
Some states do not allow the exclusion of implied warranties or limitation of liability for incidental or consequential damages, which means that some of the above limitations may not apply. In these states, each party's liability will be limited to the greatest extent permitted by law.
Disclaimer ("AS IS" and "AS AVAILABLE")
The Service is provided to You "AS IS" and "AS AVAILABLE" and with all faults and defects without warranty of any kind. To the maximum extent permitted under applicable law, the Company, on its own behalf and on behalf of its Affiliates and its and their respective licensors and service providers, expressly disclaims all warranties, whether express, implied, statutory or otherwise, with respect to the Service, including all implied warranties of merchantability, fitness for a particular purpose, title and non-infringement, and warranties that may arise out of course of dealing, course of performance, usage or trade practice. Without limitation to the foregoing, the Company provides no warranty or undertaking, and makes no representation of any kind that the Service will meet Your requirements, achieve any intended results, be compatible or work with any other software, applications, systems or services, operate without interruption, meet any performance or reliability standards or be error free or that any errors or defects can or will be corrected.
Using a Smartcontract on the Blockchain requites a high degree of technical skills and is therefore associated with a high risk. Obtaining and holding an NFT-Token represents ownership of a piece of digital atwork only. Accordingly, no information on this website (or any other documents mentioned therein) is or may be considered to be advice or an invitation to enter into an agreement for any investment purpose. Further, as NFT-Token represent artwork, nothing on this websites qualifies or is intended to be an offering of securities in any jurisdiction nor does it constitute an offer or an invitation to purchase shares, securities or other financial product.
Without limiting the foregoing, neither the Company nor any of the company's provider makes any representation or warranty of any kind, express or implied: (i) as to the operation or availability of the Service, or the information, content, and materials or products included thereon; (ii) that the Service will be uninterrupted or error-free; (iii) as to the accuracy, reliability, or currency of any information or content provided through the Service; or (iv) that the Service, its servers, the content, or e-mails sent from or on behalf of the Company are free of viruses, scripts, trojan horses, worms, malware, timebombs or other harmful components.
Some jurisdictions do not allow the exclusion of certain types of warranties or limitations on applicable statutory rights of a consumer, so some or all of the above exclusions and limitations may not apply to You. But in such a case the exclusions and limitations set forth in this section shall be applied to the greatest extent enforceable under applicable law.
The information contained on this website is not intended for individuals or entities who are ordinarily resident in Austria or the United States of America nor for residents of a geographic area that is subject to UN-, US-, EU- or Swiss sanctions or embargoes, including: Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Myanmar (Burma), North Korea, Russia, Republic of Macedonia, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Ugand Uganda, Ukraine, Vatican, Venezuela, Yemen, and Zimbabwe. By entering or using the website, you accept you represent and warrant that you are not resident in those countries. The company reserves the right to restrict the sale of the NFT-token in any jurisdiction or to any individuals or entities at its discretion.
Governing Law
The laws of the Country, excluding its conflicts of law rules, shall govern this Terms and Your use of the Service. Your use of the Application may also be subject to other local, state, national, or international laws.
Disputes Resolution
If You have any concern or dispute about the Service, You agree to first try to resolve the dispute informally by contacting the Company.
For European Union (EU) Users
If You are a European Union consumer, you will benefit from any mandatory provisions of the law of the country in which you are resident in.
United States Legal Compliance
You represent and warrant that (i) You are not located in a country that is subject to the United States government embargo, or that has been designated by the United States government as a "terrorist supporting" country, and (ii) You are not listed on any United States government list of prohibited or restricted parties.
Severability and Waiver
Severability
If any provision of these Terms is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions will continue in full force and effect.
Waiver
Except as provided herein, the failure to exercise a right or to require performance of an obligation under this Terms shall not effect a party's ability to exercise such right or require such performance at any time thereafter nor shall be the waiver of a breach constitute a waiver of any subsequent breach.
Translation Interpretation
These Terms and Conditions may have been translated if We have made them available to You on our Service. You agree that the original English text shall prevail in the case of a dispute.
Changes to These Terms and Conditions
We reserve the right, at Our sole discretion, to modify or replace these Terms at any time. If a revision is material We will make reasonable efforts to provide at least 30 days' notice prior to any new terms taking effect. What constitutes a material change will be determined at Our sole discretion.
By continuing to access or use Our Service after those revisions become effective, You agree to be bound by the revised terms. If You do not agree to the new terms, in whole or in part, please stop using the website and the Service.
Contact Us
If you have any questions about these Terms and Conditions, You can contact us:
- By visiting this page on our website: https://app.ai42.art/contact
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