Ever wanted to build a rocket but don’t have the money for it? Thanks to Tom Sachs Rocket Factory NFT, it’s now possible! Created by artist Tom Sachs, the NFT project lets you build a unique virtual rocket. Plus, Sachs will also build a physical replica of your rocket! Let’s take a closer look at this one-of-a-kind NFT project: what is Tom Sachs Rocket Factory NFT? Who created Tom Sachs Rocket Factory and how does it work?
What is Tom Sachs rocket factory?
“Tom Sachs: Rocket Factory is a transdimensional manufacturing factory,” says the NFT project manager. website. “Our Rocket Factory uses NFTs to create new NFTs.”
And that pretty much sums up the project. You can claim different component NFTs and then combine them however you want into a rocket. You can then hit that custom rocket you created!
Additionally, all hit rockets come with a “launch” option. If you select this option, Tom Sachs will handcraft a toy-sized physics rocket sculpture in what the project calls the “meat world” (physical world). Once—and if– the rocket is recovered, you have the option of having it delivered to you, giving it to a museum or shredding it.
Who created Tom Sachs Rocket Factory?
Tom Sachs, an American contemporary artist, created the Rocket Factory NFT project in the summer of 2021. He is famous for his mixed media sculptures which are often reimaginings of modern icons. All of his sculptures are handmade with plywood, resin, steel, ceramics and even everyday materials like phone books, duct tape and foamcore.
The sculptor has teamed up with major brands like Nike to create a range of innovative pieces. His works are in the museum collections of the Whitney Museum of American Art, the Museum of Modern Art in New York, the Los Angeles County Museum of Art, and the Solomon R. Guggenheim Museum, to name a few.
How does the Tom Sachs rocket factory work?
First, you need to purchase the NFT components from the Tom Sachs Rocket Factory marketplace. To craft a rocket, you need three components: a set of nose, body, and tail cone, each of which is a separate NFT. After you craft a completed NFT rocket, the website burns the NFT components. In total, there can only be 1,000 completed rockets.
Your final rocket can be a Perfect Rocket or a Franken Rocket. The former is made up of three matching components, while the latter is a full offset. Add a McDonald’s nose cone, a NASA body, a Tiffany and Co tail and you have your very own Frankenrocket!
As mentioned earlier, during the mint you have the option to launch a physical version of your rocket. Initially, these launches will take place in the United States and Europe, followed by other continents.
But that’s not all.
First, Tom Sachs will invite rocket owners to the launch event. Once the rocket is launched, the artist will do their best to collect the rocket, which they will then ship to its owner in a personalized presentation box. Then the project will update the Rocket NFT with the launch metadata and link the asset to a video of the launch.
Ultimately, Completed Rocket NFT, its Physical Rocket version (if salvaged), and the launch video, constitute a “holy trinity”. “These are not 3 separate things,” notes the project. “It’s a. A singular transdimensional NFT, and it’s up to you to keep it.
The next rocket launch event is scheduled to take place in Seoul, Korea on June 26, 2022. Launch events are also scheduled for July and August. If you haven’t launched your rocket yet, you can choose a launch date and pay a 0.1 ETH fee to launch your rocket.
How much does a Tom Sachs rocket cost?
Currently, you can buy Completed Rocket NFTs on secondary markets like OpenSea. However, these are not exactly cheap. The cheapest will cost you 2.8 ETH or around $5,500. But the good news is that there are still several rockets that have not been launched. So if you want to own the “holy trinity”, you can do so by paying a little more than the floor price.
Some of the NFTs in the collection are of course much more expensive. In April 2022, for example, the luxury jewelry brand Tiffany & Co bought a fully assembled Tom Sachs Rocket Factory NFT for $380,000.
Similarly, Sachs auctioned the “Through the Night Softly” NFT rocket for $86,376 at the time. It features a Miami Vice logo and was auctioned at At Art Basel in Miami in conjunction with auction house Christie’s.
American rapper, record producer, singer and songwriter, Pharrel Williams was also part of the Tom Sachs Rocket Factory collection. He bought a Completed Rocket NFT from Chanel.
The future of the project
Now that rocket launches are live, Tom Sachs Rocket Factory has several things lined up on its roadmap. This includes delivery of physical rockets and launch videos. Additionally, special access to factory uniforms, the opening of the Metaverse Rocket Factory, and several surprise events are also in the works.
Also, recently the project dropped a limited-edition Rocket Factory Fanny Pack for Rocket NFT holders. These bags are made of Dyneema, a strong, waterproof and lightweight non-woven composite fabric. It can accommodate a laptop, an iPad or a 13-inch MacBook.
Overall, Tom Sachs Rocket Factory is a one-of-a-kind NFT project that allows collectors to assemble their own custom NFTs. This allows investors and collectors to unleash their creativity and create something completely unique.