Unlike the various NFT collections, Artwork Blocks is a platform. It focuses on generative or algorithmic artworks. Artists create collection fashion, colors and types, or “blocks” if you will. Each type of mint by means of infinite potentialities to create a unique piece. At the time of typing, the client interacts with a generative script and the result is an unpredictable randomly generated mural. Based on the collection, the resulting NFT can go from a static image to a multimedia expertise.
In many different Blue Chip collections, such as girls world Where doodles, an artist or a group of artists create the work and its totally different strokes. In contrast, a number of artists regularly build block collections of artwork. As you can imagine, some of them are more useful than others. The creator of the platform is Erick Calderon, better known as Snowfro. He is the artist and coder behind Artwork Block’s first flagship assortment, Chromie Scribbles. You’ve probably seen them before, and one of the many squiggles serves as a branding for the entire platform.
Other iconic and multi-million dollar collections launched via the platform are Tyler Hobbs’ Fidenza and Dmitri Cherniak’s Ringers. After all, these are the ones that stand out and are extremely profitable. New collections and initiatives are launched via Artwork Blocks every week, as you can see in this busy schedule. To avoid gasoline wars at the time of the strike, the platform uses the Dutch public sale technique. That is, the sale starts at an excessive value which decreases over time. Buyers expect its ultimate value, if it ever gets there.
How do artwork blocks work?
So far, the platform has generated $277 million in major gross sales and $1,320 million in secondary sales. Platform royalties are 10% for major sales and 0.5% for aftermarket sales. As early as the primaries, there is a mandatory 25% donation to the artist’s favorite charity. Which is fascinating, but wow, 25%! The artist receives a good 5% for each secondary resale.
According Artwork Block website, they provide “truly programmable on-demand generative content that is stored immutably on the Ethereum blockchain.” It’s not just true. The script and NFTs are there, probably permanently, but the artwork is just too advanced to chain save. Information is in IPFS or different storage options.
Artwork Blocks further claims that “collectors actively participate in realizing an artist’s imagination and vision by producing distinctive algorithmic artworks,” which is debatable. The mind-blowing factor is that an artwork block holder with access to Ethereum’s script and ledger could theoretically replicate the NFT. So technically all the parts they state are true.
Although Artwork Blocks is a platform, it is not open to everyone. A team organizes the collections and selects the artists worthy of collaborating. They offer three tiers of collections, each with totally different features. Let’s examine them.
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Completely Different Collections
- The organized assortment: This is the principle, Artwork Blocks publishes it “on a daily schedule”. Only a select few artists have managed to the seven quarterly collections so far. According to their website, “Artwork Blocks has established a curatorial committee to meticulously select initiatives to include in our curated assortment. The Curated Assortment is a collection of initiatives that push the boundaries of generative art in their technical innovation and aesthetic magnificence.
The company’s account manager, Druid, developed the features of the collections in a support set up. “Since we launched Artwork Blocks in November 2020, our first official set consists of all curated drops in 2020, with full quarterly units starting in 2021. Artists have a six-month cooldown between rolling out initiatives within the curated assortment.”
- Assortment of playgrounds: This one is much less formal, “Artwork Blocks artists who have been included in the curated assortment beforehand” can mess around and do whatever they need. Druid adds: “It is important to note the limitations of Playground: first, an artist can only launch a Playground project after a Curated project. Second, only one project per artist can be active directly on the Playground, and it must be completed before another is launched on the Playground. Additionally, there is “a two-month cooldown between rolling out initiatives within the Playground assortment.”
- Art block factory: It’s very common and it’s for artists who haven’t really participated in The Curated Assortment. According to the website, “The range of manufacturing facilities consists of initiatives chosen directly by Artwork Blocks and highlights our demands for high technical quality and inventive magnificence.” And in response to Druid, “Factory artists may be required to promote their entire project before posting anything on the platform. Additionally, they can have a two-month installation between initiatives on the platform.
Powered by Artwork Blocks (PBAB)
Last but not least, the company offers this very interesting product. “Powered by Artwork Blocks (PBAB) is a custom branded resolution from Artwork Blocks. It allows the generative NFT typing know-how used by Artwork Blocks artists to be integrated with third-party websites”. This implies that organizations can use the “right contracts and rendering infrastructure” of Artwork Blocks to generate “generative brand initiatives”.
PBAB could possibly be huge sooner or later. Keep an eye on it.
And keep an eye on NewsBTC for different Blue Chip NFT guides, like this one for CloneX and this one for Goblintown.
Featured Picture: Screenshot from Artwork Blocks web site | Charts by TradingView