![]() ![]() The blocks are of varying colors and symbols that visually represent what took place to produce that block. Each painting consists of 576 blocks that correspond to a block on Ethereum. The project tells the story of the Ethereum blockchain through images. ![]() Using the blockchain as the foundation for generative art would later be used by Autoglyphs. This has prompted people to go back in time and look at early projects that offer historical significance as a hedge against the exploding supply of new projects:ĬryptoArte’s NFTs (called paintings by the creator) are unique in that they are the first generative (an algorithm determined the look for each painting) art on Ethereum that uses the blockchain as the basis to generate the art. ![]() The average sale of a CryptoPunk went from $96,902 in June to $173,463 in August, a 79% increase. In January of 2021, the project’s sales volume was $6,094,519.47, and 8 days into August, the sales volume is at $159,390,063. That’s more than 3x the volume of the #2 project on OpenSea’s top NFT list. Released in June 2017, the collection of 10,000 unique avatars has an all-time sales volume of 302,337.06 ETH. There’s a lot of excitement (and money) going into new projects, but there’s an alternative trend that’s been more loudly growing the past week: the rediscovery of historically significant NFT projects.ĬryptoPunks paved the way for this rediscovery in light of its recent market explosion as it originally held the title for the first Ethereum blockchain NFT. In July alone, sales spiked to $1.5 billion, and in the past 24 hours (as of August 8th), 42,242 NFTs were sold for $79,120,000. In the first half of 2021, the total market capitalization for NFTs was $2.5 billion. ![]()
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