The generative art project Fidenza sold Fidenza#545 for 625 ETH today, setting the 5th largest transaction record in the history of this project. According to the transaction records , this sale was through bidding. The seller is @jzjmt3 , who owns CryptoPunk#5350 and CryptoPunk# 9476, he purchased Fidenza#545 with 275 ETH in December 2021, and made a net profit of 270 ETH today.
On the other hand, the buyer owns Cryptopunk#6649, prefers to collect art, and market speculation is a partner of venture capital firm Galaxy Interactive.
Review Fidenza
Fidenza is an algorithm designed by generative artist Tyler Hobbs . It is a randomly generated NFT project with a series of 999 color collages. It debuted on the NFT platform Art Blocks as early as June 2021. The design of NFT is based on algorithm-generated art, which incorporates Mathematics, geometry, and abstract concepts, each algorithmically generated image has tiny variations on each token.
The second half of 2021 is in the NFT bull market stage. Although 999 works were minted at a price of 0.17 ETH(approximately US$400 at the time), they quickly set a floor price record of over 100 ETH in a few weeks and became the biggest star in the NFT field one. So far, the transaction volume in the secondary market has exceeded 60,000 ETH, and the floor price is still at a high level of 80 ETH .
QQL successfully raised nearly US$17 million
In September last year, Tyler Hobbs and Dandelion Wist, co-founder of the generative art platform Archipelago, created a new NFT project QQL. It is a collaborative generative art experimental project. The selling point is to let users use the QQL algorithm to generate artwork. The method is open to everyone, but only the holders of the foundry pass can convert the works they created into the official NFT of the project.
The sales performance of QQL is also very impressive. Using the improved Dutch auction on the Archipelago platform, all 900 casting passes were sold out. The Dutch auction allows potential buyers to make blind bids within a certain set of pricing parameters. The final price It is determined after all bids are accepted. The starting price of this project is 50 ETH , about 66890 USD, and the selling price will drop within 1 hour until all minted passes are sold.
The final sale price of all 900 minted passes was 14 ETH, or about $18,729, which means that QQL raised a total of 126,000 ETH, equivalent to about $16.5 million.
