The trend of NFTs continues to soar, with generative art NFTs leading the pack. These unique art forms are boosted by dedicated platforms like Art Blocks, which have expanded their reach to the broader crypto art community.
As a result, some generative art NFTs have sold for staggering amounts, reaching hundreds of thousands of dollars.
Generative Art NFTs are digital artworks created using algorithms, computer codes, or artificial intelligence. They are unique and one-of-a-kind, generated through a set of rules and parameters, making each piece different from the others.
The possibilities generated by this groundbreaking innovation have opened up an exciting new world for artists. With its unique combination of creativity and cutting-edge technology, generative art NFTs are poised to revolutionize the art market and how we think about ownership in general.
In this guide, we delve into the world of generative art NFTs, starting with the basics. We explore what generative art is and what generative art NFTs are and showcase the top-selling projects in this space.
Finally, we’ll highlight where you can purchase these one-of-a-kind NFTs. Get ready to dive into the world of generative art!
Table of Contents
What is Generative Art?
Unlike traditional artwork, which requires manual inputs from its creator, generative art produces outcomes driven by algorithms and computer codes – allowing for endless possibilities when used correctly.
Through this process, artists and creators can generate completely original pieces every single time. Furthermore, these works can be easily shared online so other enthusiasts can also appreciate them!
Generative art encourages artists to take risks and think outside the box. By using technology as a tool rather than an obstacle, creators have access to infinite potentials and ideas that would otherwise remain unexplored.
How are Generative Art NFTs Created?
At first, creating an NFT (Non-Fungible Token) from generative art may seem intimidating. After all, this type of artwork is created using algorithms or computer code rather than traditional media like paint or clay.
By combining elements such as color palettes, shapes, patterns, and textures into structured mathematical equations, creative minds can create works of art that would otherwise be impossible.
Tools for Creating Generative Art NFTs
Many tools have been developed over the years to simplify the process of creating unique and beautiful generative art out of nothing but data.
Artificial Intelligence is another popular way of generating art, with examples such as Dall•E2, an AI image generator from OpenAI that uses text prompts, and Midjourney, a self-funded independent research lab that creates images from text-based descriptions.
Async Market has become a popular choice for those looking to create generative NFT art without coding. This tool allows creators to upload their assets, set rarity percentages, and create an entire NFT collection, all in one convenient place.
Popular Generative Artists and NFT Project Collections
Let’s explore some exciting examples of generative art NFT projects.
1. Autoglyphs by Larva Labs
The Cryptopunks creator Larva Labs has created an “experiment in generative art” – Autoglyphs. Each of these is created by code running on the Ethereum blockchain.
You can create a glyph by donating a “creation fee” of $25 to Larva Labs’ chosen charity, 350.org.
The project capped the number of NFTs at 512 and then shut down the generator.
If you’re a fan of generative music, there are lots of interesting ways to generate it. Autoglyphs, in particular, has also been made into generative music.
2. Fidenza by Tyler Hobbs
Fidenza is one of the most popular generative art NFT projects on the Art Blocks NFT marketplace. It’s a collection of 999 NFTs, and the cheapest one is worth around $100,000.
Tyler Hobbs launched these collectible, non-fungible tokens featuring colorful pastiches in June 2021.
3. Ringers by Dmitri Cherniak
Dmitri Cherniak, a talented Canadian artist and programmer, is behind the creation of the “Ringers” collection, which showcases 1,000 NFTs of generative art.
The pieces are distinguishable by their string and peg design and were generated using the Art Blocks platform.
“Ringers” is one of the platform’s top-performing NFT collections and holds a minimum price of 45 ETH.
4. Lost Poets by Pak
The “Lost Poets” project, a combination of NFT collectibles and strategy games, was introduced by Pak, a highly acclaimed artist in the NFT space, in September 2021.
The first phase, dubbed “Pages,” included 65,536 single and multi-edition NFTs, each generated by artificial intelligence.
5. Chromie Squiggles by Erick Caldero
The “Chromie Squiggle” generative art project is the brainchild of Snowfro, also known as Erick Calderon, the CEO and Founder of Art Blocks.
The significance of this collection lies in the fact that it is the first project, or “project 0,” of Art Blocks, which has since become a leading generative art platform.
Generative art is created using algorithms that automatically generate visuals based on specific parameters the artist sets. Each piece can be unique, even derived from one source code or design template.
Unlike other forms of digital artwork, generative art offers endless possibilities for exploration while remaining rooted in its creator’s vision.
How to Buy and Sell Generative Art NFTs
So how do you get involved? To start trading generative art NFTs, you’ll need an ETH wallet that supports ERC-721 tokens, such as MetaMask or Trust Wallet.
You can then use ETH or other supported cryptocurrencies to purchase your first piece of generative art from marketplaces like OpenSea and SuperRare.
Here you will find thousands of works created by talented artists worldwide – with prices ranging from just a few dollars to hundreds of thousands for rare pieces.
Generative Art NFT Marketplaces
Generative art pieces have become a sought-after commodity on various NFT marketplaces, including OpenSea and Rarible. However, there has been a recent emergence of specialized platforms specifically catering to the generative art community, such as:
The Ethereum-based marketplace, Art Blocks, launched in November of 2020 and has since gained a reputation as a leading platform for generative art.
As of January 2023, Art Blocks has seen approximately 227,000 transactions of its NFT projects, generating a total sales volume of around 1.36 billion US dollars across both primary and secondary markets.
The platform, built on the Ethereum blockchain, uses an algorithm to randomly generate unique combinations of NFT-based digital artworks, allowing users to choose from various styles.
The Gen.art generative art platform is fully run on the blockchain and operates as a decentralized autonomous organization (DAO) with exclusive offerings for its members.
ArtForge is a comprehensive NFT platform that provides a suite of services for NFT creation and minting, including generative features, crowd sales, and a marketplace.
It is focused specifically on generative NFTs built on the Tezos blockchain.
High-Profile Generative Art NFT Sales
Several generative art NFT initiatives have garnered widespread attention, particularly those associated with well-known artists.
Significant sales over the past several years include:
- The intricate work Fidenza #313 sold for 1,000 ETH ($3.3 million) to the pseudonymous NFT collector Punk6529, a well-known thought leader in the space, in August 2021.
- In August 2021, the colorful Chromie Squiggle #3784 was sold for 750 ETH ($2.4 million).
- The diamond-like pattern Autoglyph #463 sold for 460 ETH ($1.7 million) in August 2021, becoming the most valuable piece in the collection.
- The work Ringers #109 was sold on OpenSea for 2,100 ETH, equating to approximately $6.9 million, in October 2021.
- The AI-Generated Nude Portrait #7 Frame #64, part of Robbie Barrat’s “Nude Portrait” NFT series created using artificial intelligence, was sold at Sotheby’s for 630,000 British pounds (approximately $712,000) in February 2022.
If you’re serious about making money from selling generative art NFTs, then don’t forget about marketing yourself too!
Make sure your social media accounts are up-to-date with regular posts showcasing your portfolio and that your pricing strategy matches the current market demand.
Related Read: NFT Marketing: 31 Proven Strategies To Promote NFTs
Frequently Asked Questions
How are Generative Art NFTs different from traditional digital art?
Traditional digital art is created by an artist using software tools, whereas Generative Art NFTs are created through a computer program that generates the artwork automatically.
What makes Generative Art NFTs valuable?
Generative Art NFTs are valuable because they are unique and one-of-a-kind, making them rare and collectible. Additionally, their creation process involves unpredictability and randomness, adding to their uniqueness and scarcity.
How can I buy a Generative Art NFT?
You can buy a Generative Art NFT through an NFT marketplace such as OpenSea, Rarible, or Art Blocks. Simply search for Generative Art NFTs on the platform of your choice, select the one you want, and purchase it using cryptocurrency.
What makes Generative Art NFTs secure?
Generative Art NFTs are secure because they are stored on the blockchain, which provides a tamper-proof and permanent record of the ownership and authenticity of the NFT.
Final Thoughts: Generative Art NFTs
Generative art NFTs have become a popular way to invest in digital artwork and produce unique pieces of art that can be sold or collected. With more people starting to understand how these works are done and the potential they hold, generative art NFTs may soon become mainstream investments.
Innovators everywhere continue to push boundaries and discover new ways of creating beautiful digital artwork with NFTs – all thanks to the potential offered by smart contracts on blockchain technology.
From allowing viewers to shape outcomes with crowd input to utilizing powerful AI models for automation, these projects demonstrate the incredible potential behind digital collectibles. They offer an exciting glimpse into our creative future!