The market prices for many sought-after generative art NFTs have jumped in recent weeks.
Generative Art NFTs Rally
Despite falling crypto prices and weak sentiment across the entire space, one subsect of the NFT market is showing strength.
Generative art sales have boomed over the past few weeks, with many of the most sought-after collections benefiting from the rising interest. One of the catalysts for the rally has been William Mapan’s Anticyclone, which minted out at 0.75 ETH when it was unveiled on the Art Blocks platform on Apr. 29. The floor price for one of the 800 intricately rendered art pieces steadily climbed throughout June, with the cheapest pieces now priced at 5.4 ETH on the secondary market. In dollar terms, the floor price has risen from around $2,100 to $5,800.
Anticyclone lives on the Ethereum blockchain, but like many other generative artists, Mapan got his start in the NFT space on Tezos. Following the rise in popularity of Anticyclone, Mapan’s Dragons...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...