Unlike other NFT collections, Art Blocks is a platform. Its focus is generative or algorithmic artworks. The artists create the style of the collection, the colors and forms, or the \u201cblocks\u201d if you will. Each mint sorts through endless possibilities to create a unique piece. At minting time, the customer interacts with a generative script and the result is a randomly generated, unpredictable work of art. Depending on the collection, the resulting NFT can go from a static image to a multimedia experience.\n<\/p>\n
In most of the other Blue Chip collections, like World Of Women<\/a> or Doodles<\/a>, an artist or a group of artists create the art and its different traits. In contrast, multiple artists constantly build Art Blocks collections. As you might imagine, some of them are more valuable than others. The platform\u2019s creator is Erick Calderon, better known as Snowfro. He\u2019s the artist and coder behind Art Block\u2019s first and flagship collection, Chromie Squiggle<\/a>. You\u2019ve probably seen them around, and one of the squiggles serves as the logo for the whole platform.\u00a0<\/p>\n Other iconic and multi-million dollar collections launched through the platform are Fidenza<\/a> by Tyler Hobbs and Dmitri Cherniak\u2019s Ringers<\/a>. Of course, those are the stand-out, incredibly successful ones. New collections and projects launch through Art Blocks every week, as you can see in this very busy calendar<\/a>. To avoid gas wars at minting time, the platform uses the Dutch Auction method. That is, the sale starts at a high price that lowers as time goes by. The clients wait for their ideal price, if it ever gets there.<\/p>\n How Does Art Blocks Work?<\/p>\n So far, the platform has generated $277M in primary sales and a whopping $1320M in secondary ones. The platform royalties are 10% for primary and 2.5% for secondary market sales. From primaries, there\u2019s a mandatory 25% donation to the artist\u2019s favorite charity. Which is interesting, but wow, 25%! The artist receives a fair 5% for each secondary resale. <\/p>\n According to Art Block\u2019s website<\/a>, they offer \u201cgenuinely programmable on demand generative content that is stored immutably on the Ethereum Blockchain.\u201d That\u2019s not entirely true. The script and the NFTs are there, presumably forever, but the art is too complex to be stored on-chain. The files are in IPFS or other storage solutions. <\/p>\n Art Blocks also claims that \u201ccollectors actively participate in realizing an artist\u2019s vision by generating unique algorithmic artworks,\u201d which is debatable. The mind-blowing thing is that an Art Blocks holder with access to the script and Ethereum\u2019s ledger could theoretically reproduce the NFT. So, technically, everything they claim is true.\u00a0<\/p>\n Even though Art Blocks is a platform, it\u2019s not open to everyone. A team curates the collections and selects the artists worthy of participating. They offer three tiers of collections, each with different characteristics. Let\u2019s look into them.<\/p>\n\n ETH price chart for 07\/22\/2022 on Kraken | Source: ETH\/USD on TradingView.com<\/a> The company\u2019s account executive, Druid, expanded on the collections\u2019 characteristics in a Medium post<\/a>. \u201cSince we launched Art Blocks in November of 2020, our first official set includes all Curated drops in 2020, with full quarterly sets beginning in 2021. Artists have a six-month cooldown between deploying projects in the Curated Collection.\u201d<\/p>\n Playground Collection: This one is less formal, \u201cArt Blocks artists who have been previously included in the Curated Collection\u201d can play around and do what they want. Druid expands, \u201cIt\u2019s important to note the Playground\u2019s limitations: first, an artist can only launch a Playground project after a Curated project. Second, only one project per artist can be active in the Playground at once, and it must be completed before another can be launched on the Playground.\u201d Also, there\u2019s \u201ca two-month cooldown between deploying projects in the Playground Collection.\u201d Powered by Art Blocks (PBAB)<\/p>\n Last but not least, the company offers this very interesting product<\/a>. \u201cPowered by Art Blocks (PBAB) is a custom branded solution from Art Blocks. It allows the generative NFT minting technology used by artists at Art Blocks to be integrated with third-party sites\u201d. That means that organizations can use Art Blocks\u2019 \u201csmart contracts and rendering infrastructure\u201d to generate \u201cbranded generative projects.\u201d\u00a0<\/p>\n PBAB could be huge in the future. Keep your eye on it.<\/p>\n And keep your eye on NewsBTC for other Blue Chip NFTs guides, like this one for CloneX<\/a> and this one for Goblintown<\/a>.<\/p>\n Featured Image: Screenshot from Art Blocks website<\/a> | Charts by TradingView<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Unlike other NFT collections, Art Blocks is a platform. Its focus is generative or algorithmic artworks. The artists create the style of the collection, the colors and forms, or the \u201cblocks\u201d if you will. Each mint sorts through endless possibilities to create a unique piece. At minting time, the customer interacts with a generative script and the result is a randomly generated, unpredictable work of art. Depending on the collection, the resulting NFT can go from a static image to a multimedia experience.\n<\/p>\n In most of the other Blue Chip collections, like World Of Women<\/a> or Doodles<\/a>, an artist or a group of artists create the art and its different traits. In contrast, multiple artists constantly build Art Blocks collections. As you might imagine, some of them are more valuable than others. The platform\u2019s creator is Erick Calderon, better known as Snowfro. He\u2019s the artist and coder behind Art Block\u2019s first and flagship collection, Chromie Squiggle<\/a>. You\u2019ve probably seen them around, and one of the squiggles serves as the logo for the whole platform.\u00a0<\/p>\n Other iconic and multi-million dollar collections launched through the platform are Fidenza<\/a> by Tyler Hobbs and Dmitri Cherniak\u2019s Ringers<\/a>. Of course, those are the stand-out, incredibly successful ones. New collections and projects launch through Art Blocks every week, as you can see in this very busy calendar<\/a>. To avoid gas wars at minting time, the platform uses the Dutch Auction method. That is, the sale starts at a high price that lowers as time goes by. The clients wait for their ideal price, if it ever gets there.<\/p>\n How Does Art Blocks Work?<\/p>\n So far, the platform has generated $277M in primary sales and a whopping $1320M in secondary ones. The platform royalties are 10% for primary and 2.5% for secondary market sales. From primaries, there\u2019s a mandatory 25% donation to the artist\u2019s favorite charity. Which is interesting, but wow, 25%! The artist receives a fair 5% for each secondary resale. <\/p>\n According to Art Block\u2019s website<\/a>, they offer \u201cgenuinely programmable on demand generative content that is stored immutably on the Ethereum Blockchain.\u201d That\u2019s not entirely true. The script and the NFTs are there, presumably forever, but the art is too complex to be stored on-chain. The files are in IPFS or other storage solutions. <\/p>\n Art Blocks also claims that \u201ccollectors actively participate in realizing an artist\u2019s vision by generating unique algorithmic artworks,\u201d which is debatable. The mind-blowing thing is that an Art Blocks holder with access to the script and Ethereum\u2019s ledger could theoretically reproduce the NFT. So, technically, everything they claim is true.\u00a0<\/p>\n Even though Art Blocks is a platform, it\u2019s not open to everyone. A team curates the collections and selects the artists worthy of participating. They offer three tiers of collections, each with different characteristics. Let\u2019s look into them.<\/p>\n ETH price chart for 07\/22\/2022 on Kraken | Source: ETH\/USD on TradingView.com<\/a> The company\u2019s account executive, Druid, expanded on the collections\u2019 characteristics in a Medium post<\/a>. \u201cSince we launched Art Blocks in November of 2020, our first official set includes all Curated drops in 2020, with full quarterly sets beginning in 2021. Artists have a six-month cooldown between deploying projects in the Curated Collection.\u201d<\/p>\n Playground Collection: This one is less formal, \u201cArt Blocks artists who have been previously included in the Curated Collection\u201d can play around and do what they want. Druid expands, \u201cIt\u2019s important to note the Playground\u2019s limitations: first, an artist can only launch a Playground project after a Curated project. Second, only one project per artist can be active in the Playground at once, and it must be completed before another can be launched on the Playground.\u201d Also, there\u2019s \u201ca two-month cooldown between deploying projects in the Playground Collection.\u201d Powered by Art Blocks (PBAB)<\/p>\n Last but not least, the company offers this very interesting product<\/a>. \u201cPowered by Art Blocks (PBAB) is a custom branded solution from Art Blocks. It allows the generative NFT minting technology used by artists at Art Blocks to be integrated with third-party sites\u201d. That means that organizations can use Art Blocks\u2019 \u201csmart contracts and rendering infrastructure\u201d to generate \u201cbranded generative projects.\u201d\u00a0<\/p>\n PBAB could be huge in the future. Keep your eye on it.<\/p>\n And keep your eye on NewsBTC for other Blue Chip NFTs guides, like this one for CloneX<\/a> and this one for Goblintown<\/a>.<\/p>\n Featured Image: Screenshot from Art Blocks website<\/a> | Charts by TradingView<\/a><\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-4005","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=4005"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4005\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=4005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=4005"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=4005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe Different Collections
\nThe Curated Collection: This is the main one, Art Blocks releases it \u201con a regular schedule.\u201d Only a few selected artists have made it to the seven quarterly series<\/a> so far. According to their website, \u201cArt Blocks established a curation board to carefully select projects for inclusion in our Curated Collection. The Curated Collection is a group of projects that push the boundaries of Generative Art in their technical innovation and aesthetic beauty.\u201d<\/p>\n
\nArt Blocks Factory: This is more general and it\u2019s for artists that don\u2019t necessarily have participated in The Curated Collection. According to the website, \u201cThe Factory Collection includes projects selected directly by Art Blocks and highlights our standards for technical quality and artistic beauty.\u201d And according to Druid, \u201cFactory artists will be required to sell out their entire project before releasing anything else on the platform. They also will have a two-month cool down between projects on the platform.\u201d<\/p>\n
\nThe Different Collections
\nThe Curated Collection: This is the main one, Art Blocks releases it \u201con a regular schedule.\u201d Only a few selected artists have made it to the seven quarterly series<\/a> so far. According to their website, \u201cArt Blocks established a curation board to carefully select projects for inclusion in our Curated Collection. The Curated Collection is a group of projects that push the boundaries of Generative Art in their technical innovation and aesthetic beauty.\u201d<\/p>\n
\nArt Blocks Factory: This is more general and it\u2019s for artists that don\u2019t necessarily have participated in The Curated Collection. According to the website, \u201cThe Factory Collection includes projects selected directly by Art Blocks and highlights our standards for technical quality and artistic beauty.\u201d And according to Druid, \u201cFactory artists will be required to sell out their entire project before releasing anything else on the platform. They also will have a two-month cool down between projects on the platform.\u201d<\/p>\n