Do you want to be a part of the art world revolution? Well, now you can. With Generative Art NFTs, anyone can own a piece of digital artwork created by AI. These tokens are unique and cannot be replicated, so you can be sure that your artwork is one-of-a-kind.
Not only are these pieces unique, but they also hold value. Investors have already begun to see the potential in this new type of art, and prices are only going to go up as demand increases. So don’t wait any longer – purchase your Generative Art NFT today! However, before making any purchases or making your own, enlighten yourself on the process.
In this article, we are going to explain what Generative Art is, how non-fungible tokens (NFTs) are revolutionizing the art industry, how investors can benefit from investing in Generative Art NFTs, and the impact that AI art can have on the future of art.
What is Generative Art?
Generative art is an emerging form of digital artwork that uses algorithms and artificial intelligence (AI) to create unique, one-of-a-kind pieces. This type of art has been gaining traction in recent years thanks to the advent of non-fungible tokens (NFTs), which allow artists to tokenize their work into digital assets that can be bought and sold on the blockchain.
Generative Art NFTs, on the other hand, have revolutionized the art world by allowing investors to benefit from owning a piece of AI artwork and allowing consumers to own truly unique works of art that have never been seen before. Nowadays, a growing number of artists are using generative art to create new genres of NFT art, thanks to artists like Snowfro, Pak, and Tyler Hobbs.
So why should you consider it?
Everyone should consider it as both novices and experts find it intriguing due to its potential benefits and heightened interest.
Generative art NFTs have led abstract art to fetch hefty prices for artworks with names that differ only numerically. For investors, this makes it an excellent investment opportunity. But hold on. There’s still plenty to gain by making this decision, so don’t rush. The topic has a lot more to offer.
Let’s explore them all.
What is Generative Art NFTs?
Generative art NFTs represent generative art derived from smart contracts and stored on the blockchain as NFTs.
NFT sales alone reached a 25 billion dollar milestone in 2021. This represents a huge increase in sales of more than 21,000% over the previous year.
With generative art, artists can easily mint generative art NFTs by incorporating code into their artwork, for example, gas prices or wallet IDs. While the vast majority of NFTs are created by people, AI-generated NFTs open up the possibility of artists collaborating with machines.
Origin of Generative Art
Generative art originated from the concept of computer-generated visual arts, which dates back to the 1960s when artists began experimenting with using computers and algorithms to create patterns and images. However, it wasn’t until recently that Generative Art NFTs revolutionized the art world by allowing investors to benefit from owning a piece of AI artwork.
However, generative art is purely based on generative aesthetics, an approach developed by Max Bense, a German philosopher affiliated with Stuttgart University. His students, Georg Nees, and Frieder Nake were among the pioneers of art who began to use generative methods.
How Generative Art Works?
Generative artworks by using algorithms, AI, and mathematics to create unique digital art. Generative artists use computer code to generate a design according to parameters set by the artist. The artwork is created using complex algorithms that are programmed to iterate and evolve, creating an ever-evolving image or piece of music. Every time the algorithm is run, a unique piece of art is generated that can be tokenized and sold as an NFT. This type of art allows for infinite variations, making it truly one-of-a-kind. In addition, the artwork retains its digital value and can be resold multiple times at a profit for investors.
Effects of Generative Art NFTs On The Art Industry
Generative Art NFTs have made a profound impact on the art industry. If I say that this new form of artwork has opened up opportunities for artists to explore new genres of digital art and express their creativity in ways never before possible, I wouldn’t be wrong.
Generative Art NFTs have also made art more accessible. Due to the nature of blockchain technology, anyone is able to purchase pieces of generative art without having to worry about gatekeepers or high entry costs. Now, with just a few clicks, you can own your very own piece of AI-generated artwork worth thousands of dollars.
In addition, Generative Art is changing the way we view value in the artwork. As Generative Art NFTs increase in value, they become more desirable assets than traditional forms of physical artwork – making them more liquid and allowing for easier trading between investors. This is especially beneficial for those who are looking to invest in fine art but don’t want to be tied down by ownership restrictions or storage costs associated with physical paintings or sculptures.
Best-Selling Generative Art NFT Projects
Following up on what we’ve discussed so far about generative art, here are some of the most popular Generative Art NFT projects:
#1 – Art Blocks by Snowfro
Art Blocks offers an interactive art environment that focuses on generative art. With this tool, users can input a style and have a random algorithm generate a variety of NFT-based digital artworks. The project is one of the most successful ones so far. Based on the Ethereum blockchain, it produces abstract art ranging from Fidenzas to Chromie Squiggles to Ringers.
According to the data from September 2022, more than 199.6 thousand Art Blocks NFT transactions generated 1.3 billion dollars in sales both in a primary and secondary market during that period.
This project is further elaborated in our blog article about “Art Blocks.
#2 – Autoglyphs by Larva Labs
Autoglyphs – Originally created as an experiment, the project was launched in 2019. Autoglyphs by the Larva Labs were the first one-of-a-kind generative art featured on the Ethereum blockchain. A totally autonomous system for generating and owning artworks.
For 0.2 ETH, the equivalent of $35 at the time, an Autoglyph was created for those willing to make a donation. Each donation was sent to 350.org, the charity chosen by the company. The number of glyphs produced was only 512. As soon as the 512th glyph was created, the glyph generator shut down. In the current market, glyphs can only be acquired through secondary markets.
Extremely Unique, procedural, yet utterly breathtaking in the way it strips order from chaos, “Autoglyphs” holds a unique place in blockchain-based art history.
This historically rare NFT currently trades for 189 ETH (around $230,000). As of today, the auction has sold $41 million worth of artwork.
#3 – Eponym by Art AI
Eponym – Powered by Art AI, which hosts one of the world’s largest collections of AI-generated art. Eyal Fisher, the co-founder of Art AI, says that the algorithms used in this text-to-art generation allow users to customize generative art by selecting phrases and words.
It has been estimated that Eponym by ART AI reached a total sales volume of $575.03 last week where each Eponym by ART AI token was worth $28.8. Of the 2,773 Eponym by ART AI token holders, there are 7,138 Eponym by ART AI tokens in circulation.
#4 – Fidenza by Tyler Hobbs
Tyler Hobbs’ Fidenza has become one of Art Blocks’ most popular generative art projects. With a number of colorful pastiches, Hobbs launched this project in June 2021.
According to NFT-stats, Fidenza has generated a total of $228.04k in sales. There are a total of 999 NFTs included in this project, with the cheapest one costing roughly 83ETH equivalent to $10,4863.86.
#5 – Lost Poets by Pak
Lost Poets, a project launched in September 2021 combines a “multi-stage NFT collectible and a strategy game” created by Pak. Known for his enigmatic nature on all accounts, Pak has long been recognized as a pioneer in the field of digital art.
As part of its first installment, called “Pages“, the project showcased 65,536 single-, multi-edition NFTs. Moreover, each NFT in the collection was generated by an algorithm based on machine learning. This drop was sold out within 75 minutes and aimed at rewarding Pak collectors while keeping gas costs low.
#6 – Metascapes by Cath Simard, Ryan Newburn, and Lurie Belegurschi
In a world where artificial intelligence is becoming more prevalent, you might wonder what’s real and what’s artificial. The first time you see Metascapes, you might need to take a second look. Cath Simard, Ryan Newburn, and Iurie Belegurschi came up with this project, aimed at bridging the gap between human creativity and artificial intelligence.
In Metascapes, you will find 2555 rare AI-generated NFTs, alongside 266 videos, each inspired by a picture from a stunning location around the world. The result blurs the line between natural and supernatural, with viewers unsure whether to trust their eyes or not. In Metascapes’ own words, the developers acknowledge that NFTs create an “illusive” feeling – a feeling we can certainly relate to.
#7 – Solvency by Ezra Miller
In an era of exploding NFT projects, Ezra Miller’s Solvency stands out from the crowd with impeccable execution, if not uniqueness. With the assistance of Steve Klebanoff, the collection is an amalgam of 500 editions of unique works, each with its own attributes determined by the token’s hash, resulting in different patterns and textures for different hashes.
So far, Solvency by Ezra Miller has sold $3.73k worth of artwork where each NFT sold for $1.2k on average. The total supply of Solvency by Ezra Miller tokens is 500, owned by 247 people.
#8 – Ringers by Dmitri Cherniak
Ringers by Dmitri Cherniak series of generative art NFTs consist of 1,000 pieces each of which is unique thanks to Cherniak’s p5js script, developed over time and stored permanently on Ethereum using Art Blocks. Each Ringers NFT contained unique seeds when it was launched. Variables within the Ringers’ script were influenced by the seeds, which in turn determined the series’ aesthetics. These rare Ringers below are examples of these truly mesmerizing results!
A total of $50.1k worth of Ringers by Dmitri Cherniak were sold, with an average price of $50.1k per token. Ringers by Dmitri Cherniak is owned by 285 people, and there are 1,000 tokens in circulation.
The Generative Art NFT Projects are just a few examples of how they are changing up the traditional art market landscape; providing investors with opportunities to acquire lucrative assets and delivering consumers with experiences unique to them – all thanks to AI-generated technology!
Why should you get involved in Generative Art NFTs?
Generative Art NFTs offer a unique opportunity for investors and art enthusiasts alike. The beauty of this process is that it creates one-of-a-kind pieces. These pieces are not only unique, but they also hold value as the demand for them increases, driving prices up over time. Because of this, investors should consider Generative Art NFTs as an excellent investment opportunity due to their potential profits from reselling multiple times at a higher price.
If you’re looking for something new and exciting in the world of investing or art collecting, then getting involved with Generative Art NFTs is definitely worth considering!
Is Generative Art NFTs worth collecting?
It depends on your personal preferences and end goal whether you collect generative art NFTs or not. From $20 million in 2020 to $2.57 billion in 2021, generative art NFT sales increased significantly. Growth like this indicates the potential for generative art NFTs even if the crypto winter continues.
No doubt, generative art NFTs will take a while to achieve the same level of success that other NFT projects have. It’s true that generative art NFTs are hot right now. But no matter how much money investors make by collecting generative art NFTs, it’s not a wise move to do so blindly.
Keep an eye on market trends, research on your own, and don’t break the bank because NFTs are super speculation.
What is the best place to buy Generative Art NFTs?
A variety of NFT platforms now offer generative art sales and purchases, including OpenSea and Rarible, and specialized platforms, such as:
Art Blocks – Founded by Snowfro in November 2020, the Ethereum-based marketplace has gained recognition as a leading generative art platform.
Gen.Art – A complete on-chain platform for generative art that offers members specialized drops via a decentralized autonomous organization (DAO).
Fxhash – A platform for creating and collecting generative NFTs on Tezos.
Final Thoughts – Make Your Mark on the New Age of AI-created Art!
Though the NFT market slumped in 2022, it provided generative artists with a platform for expression. Generative artists like “Eric Calderon (aka Snowfro)” are still producing work that is fascinating and often strikingly beautiful, even centuries after their creation.
Based on sales volumes so far, NFT projects with generative art have experienced rapid growth, demonstrating crypto art’s potential to be more artistic than JPEGs.
Hi, my name is Brandan Henry, and I’m an NFT, Blockchain, and Research enthusiast, as well as a content writer for NFT-onomics. I’m deeply passionate about exploring the potential of NFTs and blockchain technology. My mission is to educate people on the capabilities of non-fungible tokens and their applications. I stay up-to-date with the latest NFT news and trends, and as a full-time writer, I excel at generating creative, out-of-the-box ideas surrounding NFTs.