What is art blocks NFT?

A first of its kind generative art project, Art Blocks is taking the NFT art world by storm, thanks to its innovative combination of art and technology. Art Blocks NFT collections feature limited sets never to be repeated again. Credit: Tyler Hobbs But, what is the Art Blocks NFT project? More importantly, why is it so special?

How do generative art NFTS work?

On the Art Blocks platform, collectors can mint generative art NFTs from their favourite projects. After minting, each collector gets a unique version of their chosen project, based on the artist’s creative code. Richard Kim (now a self-entitled Art Blocks Maximalist) has beautifully labelled this entire concept as a ‘generative lottery.’

What is art blocks generative art?

Art Blocks defines generative art as “art created with a combination of randomness and planned code.” Artists are responsible for finding aesthetic appeal and inspiration, while the platform systematically transforms inspiration into visual art. Fundamentally, Art Blocks’ generative art necessitates the involvement of both artists and collectors.

Is art blocks a fungible token?

However, it has recently found a new lease of life in the non-fungible token ( NFT) industry. Art Blocks is the first platform to offer on-demand generative art content that is stored on the blockchain. This platform is a massive breakthrough in the NFT markets, and the novelty of the platform has created a lot of buzz.