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6 2021, Art Blocks announced to the public via Twitter that they had raised $6 million in a second round of venture capital from True Ventures.

The Art Blocks artists involved are: Snowfro, Tyler Hobbs, Bryan Brinkman, Dmitri Cherniak, Kjetil Golid and luxpris.‍ The lot featured the first-ever NFT based art project Curio Cards as well as a selection from Art Blocks Curated. The auction made history as the first ever live auction with bidding conducted entirely in ETH, Ethereum’s cryptocurrency. 1 2021, Christie’s auction house sold a group of 30 individual NFT-based crypto art pieces for 393 ETH, the equivalent to ~$1.3m USD at time of writing. On Art Blocks, anyone can log on, compare prices in the marketplace to determine what something is worth, and press “buy.” That’s pretty punk! ‍Inherent in any discussions of blockchain is a narrative about levelling the playing field. As a result, I hope that generative content in general, not just generative art, will reach a new level of recognition and appreciation that might not have been as streamlined before.” “As I was selfishly claiming a bunch of CryptoPunk Zombies in 2017 I came to the realization that the blockchain provides all of the tools to allow folks to generate outputs without knowing the end result making for more fair distribution…I hope will actually provide a gateway into Generative Art for the general public that has not existed before. Calderon laid out his hopes for the platform in a rare interview with Loop News: In 1757 German composer Johann Philipp Kirnberger created Musikalisches Würfelspiel (Musical Dice Game) in which pre-composed phrases were strung together into musical phrases based on the roll of a die.Ī post shared by ArtBlocks Calderon aka Snowfro founded Art Blocks after being inspired by the recent Crypto Punk craze where collectors became obsessed with algorithmically generated pixel art characters based on the 1970s London punk scene. While modern NFT based pieces use algorithms to generate the random factors that make each piece of generative art unique, the first known piece used dice. While generative art seems tailor made for the computer age, it’s actually deeply embedded in art history going back to the 18th century. So, your digital art is an investment that can be passed down through generations until the end of time. The special thing about blockchain technology is that it’s totally immutable-permanent, unchangeable, unhackable. In a way, it’s similar to buying a product produced by Amazon, sold on the Amazon platform and shipped from an Amazon warehouse. This NFT is then used as the basis to create your art by a generative script stored on Ethereum’s blockchain. Instead, you make an Ethereum account and use Ethereum’s cryptocurrency to buy an Ethereum compatible NFT (non fungible token). That means you can’t just give an artist money directly for a piece.

All artwork on Art Blocks is backed by and stored on Ethereum, one of the premier blockchains. The result is a digital piece of art, which can be anything from an experience, 3-D rendering or cartoon, that can never be copied.Įthereum Blockchain: Everything online has to be stored somewhere-however, you can’t just put digital artwork in a Uhaul and lug it to your storage warehouse.

If you find something you like, you can buy it, but instead of being sent a replica of what you chose, an algorithm goes to work making tweaks to the formula, and produces a one-of-a-kind piece in that style just for you. Basically, you can browse the website exactly as though you were online shopping for a piece of art for your living room. Produced on-demand: Art Blocks uses an algorithm to create the random element. A poet in the park creating a haiku out of words randomly selected from the dictionary, for example, is making generative art. Generative art: this genre of art is created in part by using random factors so that each piece is unique and created somewhat autonomously from the artist.