Originals / Generations
With normal ERC-721 tokens, releases are limited to a 1/1 or editions (ex. 50, or 100 max supply). Not with the Contract Wizard. With 721J you can make both 1/1 and editions for the same song, with the copies being verified copies derived from the original.
Uses
With the Contract Wizard, you can create original 1/1 tokens that are intended for the artist to hold and mint copies from. Even if the artist doesn't intend to sell anything, it's important to make digital originals of all our art to prove it was made by us. It's the best way we'll be able to keep track of what we've done.
The idea of artist held digital master tokens is based on the wallet being its own part of the art. The artist held 1/1 is important if the artist's wallet is to be seen as a collection of the artist's work.
If the artist ever wants to make copies of their original to send to friends, they can send them for free. They can set a price and send it to the store for anyone to mint, or just keep the 1/1 as a record of their awesome song.
1/1 Originals
All new songs start as an original 1/1 token that is designed for the artist to hold and use in the artist's presentation of their art in the form of a curated artist wallet.
The original is the top rarity, also known as "generation 1". The only wallet that has the ability to make a copy is the holder of a token. Once copies have been made, then the holders of those copies also have the ability to make copies of their tokens. The image below visualizes how copies are made and how generations work.
Things You Can Do With Rarities
Depending on how the artist wants to do it, generations/rarities can be viewed in different ways.
The "Gen 2" copies can be treated as "1st edition" tokens. Obviously inspired by the awesome Pokemon card game and their 1st editions. Another way to think of it could be color coded item rarities in MMORPGs like WoW, or games like Team Fortress 2 or CounterStrike.
A way to reward collaborators
Another way to view it is the Gen 2 copies could be shared with the collaborators of a song. If you are the artist, and collaborated with 4 other people for your song, you could send each of your collaborators a Gen 2 copy of the token. Then the top rarities are all held by the individuals that created the art. That pushes the collector rarity to Gen 3, and common farther down. It's up to the artist how to express rarities.
Another angle to view top rarities is to create an investor/patron tier of rarity, as in a purposefully more expensive mint that is intended to help fund the artist.
Provenance
Provenance is an important thing to 721J tokens because it isn't just about who held a token in the past. It's also about the parents of a token.
For example, you have 2 copies of a song, of the same gen 3 rarity. One of those copies was minted from a gen 2 token owned by Elon Musk, and the other was minted from a gen 2 token owned by an anon wallet. The token that was minted from the famous wallet will have an added value from provenance.
I'm sure some people will care a lot about if the copy has a noteworthy mint family tree. And its a fun idea.
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