Checking the Transaction Volume on the daily scale clearly shows the massive volume associated with the Playground collection. Especially, once the Curated collection value rose, people started trying to get their hand on the cheapest available route into the ArtBlocks community, which was Playground collection. The increased floor of curated content and most of those minted to max, one can see how mints on Playground collect swell at the beginnning of July (graph below).
Clearly we are at a very early phase in NFT- generative art space. While the recent spike in value of these artworks doesn't indicate mostly FOMO and whale pressure, one must not underestimate the power of transformative tech like these. Billionaires used Artworks as a hedge against taxes. Now similarly Billionaire Blockchain Enthusiasts collect these as an hedge against both Inflation and Volatility. May the NFT space be ever lasting.
Some interesting points to note :
- Curated clearly seems be the most expensive of the lot - This could be attributed to the 'Curation' status , i.e these projects are handpicked by the ArtBlocks team for their novelty.
- Factory with its relaxed rules, has the bulk of transactions. This is probably due to the relatively underpriced and lesser quality nature compared to the others.
- Playground seems to have the least tokens and transactions. As these are exclusive only to Artists with curated content, it seems these artists have probably slowed down.
We can see a very stable price action in all three collections until July, after which we see explosive growth.
This is much more clearly evident in the MAX USD value per day.
Once the highest value skyrockets, the average automatically follows suit.
ArtBlocks has three collections :
- CURATED - Art Blocks Curated is the most strictly curated offering in the Art Blocks product suite. Submissions are made by individual artists or collaborations and approved by the curation board before they go live. These highly innovative releases by renowned artists reflect astounding beauty and innovation both artistically and technically.
- PLAYGROUND - Art Blocks Playground is the place where artists who have previously been approved for curated drops are encouraged to play and innovative. Like all Art Blocks releases, these projects must meet a quality standard, but with the Playground, experimentation is encouraged.
- FACTORY - Art Blocks Factory allows artists who do not wish to wait for approval by the Curation Board a place to launch their generative art. While requirements are somewhat relaxed compared to Curated drops, the releases in Factory will reflect the innovation, creativity, and artistic beauty associated with the Art Blocks community.
Its clear from the description itself, that CURATED is probably the big brother among these. The data suggests the same too, lets dive deeper.
ArtBlocks - Snowfro's brainchild turned Generative Art market leader, is what one could call as transformational ART and TECH movement. Turning around heads with its sky rocketing base prices and impressive tech, we can do a small comparison between its three main Collection series.