Annual Sovereign Seal

Only one Version A work and one Version B work are produced each year, based on the amount of BTC actually sealed in that year's work. Version A remains artist-held and non-exchangeable; Version B may enter exchange, collection, or other forms of circulation.

Before the 180th sealing action of the Fifteen-Year Sealing Project is completed and recorded in a verifiable on-chain record, the exchange price of Version B is 100 times the sealed BTC amount. Once completed, the multiplier permanently changes to 1,000. The trigger is the actual completion and on-chain recording of the 180th sealing action, not merely the arrival of December 2040.

Version B is exchanged in bitcoin, making the exchange itself a material relationship that supports subsequent sealing and long-term artistic practice.

The multiplier is a pre-established temporal rule of the work. It does not change with Bitcoin's fiat value, market conditions, exhibitions, awards, or the artist's market prices. Exchanges completed earlier are not repriced retroactively.

The physical seal may be opened through professional conservation, but its production time, on-chain record, and act of sealing cannot be undone.