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 exchange multiplier is a pre-established temporal rule of the work, determined solely by whether the 180th sealing action of the Fifteen-Year Sealing Project has been completed.

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