So, technically, everything they claim is true.Įven though Art Blocks is a platform, it’s not open to everyone. The mind-blowing thing is that an Art Blocks holder with access to the script and Ethereum’s ledger could theoretically reproduce the NFT. The files are in IPFS or other storage solutions.Īrt Blocks also claims that “collectors actively participate in realizing an artist’s vision by generating unique algorithmic artworks,” which is debatable. The script and the NFTs are there, presumably forever, but the art is too complex to be stored on-chain. Which is interesting, but wow, 25%! The artist receives a fair 5% for each secondary resale.Īccording to Art Block’s website, they offer “genuinely programmable on demand generative content that is stored immutably on the Ethereum Blockchain.” That’s not entirely true. From primaries, there’s a mandatory 25% donation to the artist’s favorite charity. The platform royalties are 10% for primary and 2.5% for secondary market sales. So far, the platform has generated $277M in primary sales and a whopping $1320M in secondary ones. The clients wait for their ideal price, if it ever gets there. That is, the sale starts at a high price that lowers as time goes by. To avoid gas wars at minting time, the platform uses the Dutch Auction method. New collections and projects launch through Art Blocks every week, as you can see in this very busy calendar. Of course, those are the stand-out, incredibly successful ones. Other iconic and multi-million dollar collections launched through the platform are Fidenza by Tyler Hobbs and Dmitri Cherniak’s Ringers. You’ve probably seen them around, and one of the squiggles serves as the logo for the whole platform. He’s the artist and coder behind Art Block’s first and flagship collection, Chromie Squiggle. The platform’s creator is Erick Calderon, better known as Snowfro. As you might imagine, some of them are more valuable than others. In contrast, multiple artists constantly build Art Blocks collections. In most of the other Blue Chip collections, like World Of Women or Doodles, an artist or a group of artists create the art and its different traits. Depending on the collection, the resulting NFT can go from a static image to a multimedia experience. At minting time, the customer interacts with a generative script and the result is a randomly generated, unpredictable work of art. Each mint sorts through endless possibilities to create a unique piece. The artists create the style of the collection, the colors and forms, or the “blocks” if you will. Its focus is generative or algorithmic artworks. Unlike other NFT collections, Art Blocks is a platform.

Art blocks