#011: Art Blocks, Greg Mike, and Six N Five
Welcome to the NFTDrops newsletter.
This week we will provide an overview of the platform Art Blocks and recap the hottest recent NFT drops.
Here We Go!
Art Blocks is a platform for generative art. Creators make an algorithm that generates a certain style of art. Collectors then purchase the style and the algorithm creates a unique piece on-demand (generative).
Some key details:
The art stored on-chain.
New NFTs are released through "Open" projects in varying categories: Curated Projects, Artist Playground, and Factory.
Artists must be approved for release through Curated Projects, and afterwards they are free to play around through the Artist Playground and Factory release methods. Below is an example of an upcoming curated drop:
Projects are created and put up for sale, with a predetermined amount of possible edition mints, once that limit is reached the project closes.
The platform has risen to be ranked 3rd on OpenSea's NFT platform rankings, and it is gaining traction through well-known investors and creators buying into the site.
Recaps from the week of 6/6:
@sixnfive dropped a collection of 9 digital art pieces depicting a futuristic reality for humans. The project sold out, and the highest auction landed at $17,050.
NBA Topshot released a collection of premium packs that sold out. 18 different #/499 MGLE rare Moments were available.
@i_am_pi and @giraffage released a project on Nifty Gateway. All four of the pieces sold out within 24 hours, with the average resale being +33%.
@TedsLittleDream and @swolfchan dropped on Nifty Gateway. The drop consisted of 2 times auctions and 3 editions of 20 in silent auctions. The auctions sold for $10,000 and $5,600. The auctions had physical components, too.
@BaltaySteven dropped on Nifty Gateway. The drop consisted of 6 Editions of 18 and 1 edition of 9. All 7 works sold out with an average resale of +40%. This figure has since dropped.
@Lumi dropped on Makersplace. The drop consisted 2 timed auctions and 3 editions of 10 going for $400 each. 1 Edition remains and the auctions for .5 ETH and .43 ETH respectively.
@GREGMIKE dropped on Nifty with 12 drawings of varying prices, as well as 2 timed auctions.
@alexpardee dropped on Makersplace with 2 timed auctions, 2 editions of 10, and one open edition.
@sssolacee and #jstngraphics dropped a project focused around youth artists in the space with 2 timed auctions, 1 silent auction, 2 drawings, and 1 edition of 15.
Thanks for reading. We are playing with the idea of shifting our longer threads such as ‘Artist of the Week’ or ‘Platform Overviews’ to be included in the newsletter format. We are early and iterating so please feel free to send feedback. The best way to do so is through the email address pinned to our twitter page, team@nftdrops.co. If there’s someone who should be in the loop on NFTs, send them this newsletter.
See you next week!
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