Auction: https://app.illust.space/

Illust Space–an augmented reality NFT marketplace–will be hosting an MF DOOM crypto auction in collaboration with Rhymesayers, MF DOOM’s wife Jasmine and the estate. The auction, set to coincide with the launch of the Illust Space marketplace, will be listing a select group of signed, limited edition, MF DOOM augmented reality NFT’s. This latest auction will build on the success of MF DOOM’s initial launch in October 2020, when his collaboration with Illust Space made history as the first launch of an Augmented Reality NFT. Sadly, MF DOOM passed on Oct 31st, 2020, one day following the close of the original auction making this one of MF DOOM’s final collaborations.

This auction goes live today, Thursday, March 11th at 4:00 PM PST, and will conclude on Friday, March 12th at 10:00 PM PST. In addition to allowing current owners the opportunity to sell their masks in the secondary market, this auction will also include the exclusive 1-of-1 BLACK SLUDGE mask, the sole remaining piece from the inital October collaboration, which was initially held for a future release but is now being offered to generate additional funds for DOOM’s family. As part of the sale, 10% of total proceeds will go back to MF DOOM’s estate in the form of royalties, along with individualized donations from the current holders of the AR masks.

What’s an NFT? NFT’s or Non-Fungible Tokens are a blockchain standard that use digital contracts (smart contracts) to assign attribution rights to artwork, digital collectibles, and unique items. Each NFT can be purchased, sold, and traded like a physical object yet still retain its certification of provenance as the object changes hands.

Blockchain and Estate Planning: Due to blockchain’s immutable and decentralized ledger technology, all of MF DOOM’s AR NFT collection will be available for future generations of fans and collectors, creating a new model for royalties and posthumous creative control legacies.

The Future of Artist Royalties: NFT’s and Smart Contracts allow artists to maintain authorship, define commissions and even manage future changes for their work long after the first sale of the piece.

Working in conjunction with MF DOOM’s wife Jasmine, monies generated from the sale will support the family as well as future creative projects.

The masks have a current estimated value between 10 to 50 eth ($15,000-$75,000)

To donate to the MF DOOM fund please find his Ethereum wallet here: DOOM.eth