I found this at WetCanvas today. I realize not many of us have iPads but I think this is a sign of new things to come. As a letterpress person I found the "virtual" locking up of a form to be fascinating and looks like fun! That said, I think it misses the essential appeal of letterpress which is the impression into the paper. Part of the video solicits funds to cover cost of developing the software which isn't released yet but I am in no way trying to solicit donations for this project! Just enjoy the video.
I think they aim to translate the designs that you create on the ipad app into true letterpress printed pieces - that's a real turn around of technology!
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