Story Inscriptions Overview
Stories are extending on-chain provenance and add human-provenance, increasing token value and history.
Background
Art has so much more to it than just the piece of art itself. There is the story of the artist, the inspiration behind the piece of art, and the story from each collector of the piece.
There is no easy way to have all of these stories available to potential collectors and the community as a whole. Typically, it’s just verbally relayed amongst all parties.
In crypto art, piece descriptions get us part of the way there… but we can do so much better by leveraging blockchain technology.
Solution
Originally developed as a collaboration with Michelle Viljoen, the Story Contract was developed to overcome the limitations of traditional storytelling.
This contract allows both the artist and collector(s) can write their stories to the blockchain, where they are stored immutably and for infinitum, without censorship.
Transient Labs plans to provide a new experience where people can explore stories, in general or for a specific piece of art. We are also working with marketplaces to get this integrated.
Gas Efficiency
Based on local testing, the gas cost of a 5000 word story (a research paper) costs 694795 gas. At 100 gwei gas, this coverts to a gas cost of 0.0694795 ETH. This is extrememly gas efficient. Stories will also likely be much shorter in length and submitted when gas is lower.
Source Code
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