In a sense, F.A.T.s are a heightened NFT, similarly partitioned but distinct in that Project MIDAS promises ample benefits.

For instance, everyone who's owned an NFT earnsa share of royaltiesin perpetuity when that digital work is sold; Project MIDAS' F.A.T.s are tied to physical artworks and their real-world sales will benefit all investors.

American artist and formerYecollaboratorWes Langis the first major artist to jump into MIDAS' world, parceling out three of his signature Americana-steeped artworks for the debut offering.

With shares ranging in price from $350 to $900, the Wes Lang F.A.T.s — limited to 100, up to 25% of each piece — are relatively affordable considering that even Lang's screenprinted editions can go for over $1,000 at auction. Buyers will actually receive stake in Lang's original compositions and they can get in with their credit cards, no digital wallet required.

MIDAS will retain majority stake in the works as it manages the "Wes Lang Metaverse" which is a pretty funny combination of words. Really, anything + "Metaverse" will take some getting used to but, hey.

Wes Lang F.A.T. owners will also enjoy early access to future Lang NFT offerings, physical merch drops, and a series of monthly Airdrops of "new and animated digital" iterations of the art they've purchased, though the big prize is a guaranteed chunk of the real artworks' sale price.

Complicated enough? Visit Project MIDAS' websitefor the full briefing and to RSVP for an in-person "minting" experience at BAIT's Los Angeles store that goes down on December 28, where any lingering questions can be sorted out.