What is art blocks NFT?

Art Blocks generates original artwork on the Ethereum blockchain, and buyers are paying top dollar for them amidst the latest NFT boom. Some Art Blocks NFTs are selling for millions. Image: Art Blocks Art Blocks is an Ethereum-based NFT project that generates original digital artwork pieces on the blockchain via an algorithm.

How much does artblocks cost?

For secondary sales on NFT marketplaces such as OpenSea, Art Blocks takes a fee of 2.5% from the sale price while artists get a 5% royalty. This is an attractive feature for artists as they earn recurring royalties from their artwork, which is unheard of in the analog art world. What is curated Artblocks?

Does art blocks schedule project Drops?

Unlike some other curated NFT art platforms, Art Blocks does not schedule project drops. Collectors can browse existing artwork projects at any time and mint NFTs that will create their unique art pieces. As an additional perk to artists with curated projects, they can post new projects in the Artist Playground.

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.