TR Lab x AI 2041: Everything You Need to Know

From Joining the Whitelist to Participating in Auctions, here’s the fine print.

  1. Joining The Whitelist for AI 2041
    Drop Details and Fine Print
    Disposition on Drop Mechanics
  2. How To Participate In An Auction
    Timing of Auctions
    Bidding

Summary

We are incredibly pleased to be working with some of the most talented artists in the traditional and digital art worlds who all share a common interest in artificial intelligenceand how this technology will change our world in the next two decades.

  • Monday @10 AM ET | TR Lab will officially announce the artist of the week, as well as the artwork and drop details (i.e. edition size, mint or auction)
  • Monday 10 AM — Wednesday 11:59 AM ET | Participants in both the Reserved Whitelist and General Whitelist groups will have 50 hours to enter in the raffle for the week’s drop. Winners will be confirmed 12 hours after the raffles close
  • Wednesday @11:59 PM ET | Raffle winners will be confirmed, and entrants can check their status on the TR Lab website
  • Thursday 10:00 AM — Friday 9:59 AM ET| Raffle winners will have 24 hours during the Whitelist Access Sale to mint their piece on the TR Lab website. After that point, all remaining pieces will be made available on a first-come, first-serve basis to anyone in the general public.
AI 2041 Weekly Community Calendar

Joining The Whitelist For AI 2041

We’ve chosen to conduct the AI 2041 series drops in a way that rewards our earliest supporters, facilitates active engagement from the general community, and minimizes senseless waste of ETH in gas wars. TR Lab will work with each week’s artist to determine the edition size of each drop. The maximum supply of each drop will first be made available via two whitelist raffles, then will open for public sale:

  1. Reserved Whitelist | This Whitelist is intended to reward TR Lab’s earliest supporters, specifically the holders of our genesis drop, Cai Guo-Qiang’s Exploding the Self (https://opensea.io/collection/trlab). 40% of each drop’s maximum supply will be made available only to eligible entries in the Reserved Whitelist. TR Lab Genesis (Exploding The Self) Owners must participate by filling out a Gleam form.
  2. Public Sale | Only unclaimed mints from both the Reserved Whitelist and General Whitelist will be made available via a first-come, first-serve public sale.

Drop Details And Fine Print

  • The code will be split into three parts that will be revealed throughout the week. It’s up to each collector to piece together and submit the code.
  • To maximize the chances of active TR Lab Genesis owners winning a successful Reserved Whitelist entry, no TR Lab Genesis Owner can win two consecutive Reserved Whitelist raffles in a row. Tracking of this will be done through the edition number of the TR Lab Genesis NFT, to prevent any circumvention of procedures.
  • Participation in the weekly activities to gather the secret code is not mandatory, but always encouraged. TR Lab Genesis owners can always participate in the General Whitelist raffle. For example, they can win a Reserved Whitelist raffle in Week 1, and still be eligible to win a General Whitelist raffle in Week 2.

Disposition on Drop Mechanics

Ensuring that the work from our incredible line-up of artists is distributed in an equitable, provable manner is just as important to us as the AI 2041 series artwork itself.

  • Participation in the Reserved Whitelist raffle is as simple as owning an Exploding the Self piece and filling out basic details in the Gleam form on a weekly basis.

How To Participate In An Auction

AI 2041 Auctions | On-Chain And Anonymous

Timing of Auctions

TR Lab is based on the block time of the Ethereum block, not traditional clock time. The sale will only begin when the latest block time of ETH reaches the sale start time. The block time of the blockchain is uncertain because it changes, but the current average block time is about 13 seconds (https://etherscan.io/chart/blocktime).

Bidding

When the Ethereum block has arrived, collectors will be able to bid on the page. The length of our auctions is 24 hours.

  • Bids will be accepted in the order they are received, and the highest bidder will win the auction
  • There is no reserve price to be met, but there will be a minimum bid
  • Participants must place bids at least 5% higher than the current bid
  • After participants place a bid, their wallet will prompt them to confirm the transaction and pay a gas fee to complete the process. The funds will then be taken out of their wallet and placed in escrow in TR Lab’s smart contract. If they’re outbid, funds will be deposited back into their wallet
  • By placing a bid you indicate that you have read and agree to the Terms of Sale, Terms of Service, and Privacy Policy
  • If a new bid is placed during the last 15 minutes before the auction closes, the auction will be extended by 15 additional minutes. This process will repeat until there are no additional bids
  • Participants will be notified via email when a bid is successfully placed, or if they’re outbid by another bidder
  • The winning bidder will see a “Claim your NFT” button on the artwork page. By clicking it, they will invoke the smart contract and mint the NFT. Their wallet will prompt them to confirm the transaction and pay a gas fee to complete the process. The newly minted NFT will be directly transferred into the winner’s wallet
  • The winner will also be responsible for any transaction fees and local taxes incurred, as detailed in our Terms of Sale.

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TRLab is a fine art NFT platform. We fuse NFT technology with fine art expertise to pioneer the future of collecting.

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TRLab

TRLab is a fine art NFT platform. We fuse NFT technology with fine art expertise to pioneer the future of collecting.