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Art Market Report - August 27
A weekly report on the NFT Art Market, covering 1/1s, generative art, editions and other important news.
THE MONUMENT GAME BY SAM SPRATT
1 one-of-one, 256 editions, 3 winners in a game of art and observation.
Selling out in 123 seconds, the “Player” editions raised more than 695 ETH, while the 1/1 artwork IX. The Monument Game sold for 420.69 ETH. The Monument Game in total earned 1,116.66 ETH, nearly $1.9 million.
IX. The Monument Game was collected by 1OF1 (Ryan Zurrer, founder) for 420.69 ETH, joined by Cozomo de’ Medici, gmoney and rhyd0n. 1OF1 is a collector’s club with the aim to collect the defining digital art of the 21st century. Having worked with art institutions worldwide, brought beeple’s Human One around the world and Refik to the MOMA, 1OF1 will now go into sharing the Luci story with the world.
“One year of work. The most complex painting I've ever made,” said Sam Spratt in a tweet. IX. The Monument Game is a 20,000 pixel wide digital painting that you can explore and interact with, a communal digital varnish now made up of Player’s Observations. Probably the best digital art piece that’s been made in terms of originality, details, storytelling and complexity, IX. The Monument Game is like hundreds of masterpieces woven into one. As groundbreaking as the work already is, it didn’t stop at the artist’s creation. Collectors were transformed into active participants - “Players,” investing emotionally into experiencing and observing the art, “giving pieces of themselves”, and in turn completed this historical performance (for now, as more chapters of Luci will come).
The Monument Game is also what the underlying medium & technology function at best, utilized as a purposeful part of the art itself, elevating the immersive, collaborative and soul-searching experience for collectors, participants, and viewers.
Sam Spratt redefined what’s possible with digital art in web3, pushed the Digital Renaissance to the highest level. Congrats to Sam & Rachael.
I Found You by Cath Simard was collected by Gfunk for 31 ETH. The image is a composite made of different elements all photographed within the Kananaskis/Canmore region and taken at different times from 2020-2023. It was commissioned by Gfunk to pair with ‘’The Muse - Vivid Sky’’ and ‘’I dreamt of you again last night’’ by ACK in his collection.
GENERATIVE ART & EDITIONS
Winds of Yawanawa by Yawanawa and Refik Anadol had 268 ETH trading volume in the past 7 days (+146%), floor is currently at 8.6 ETH (+125%). According to Refik Anadol in a tweet, they are working closely with the Yawanawa family, recording unique wind, temperature, rain, and humidity data to create unique Amazonian Rainforest inspired Data Paintings. Reveal will happen next month.
Rhythm & the Machine by Lars Wander were 400/400 minted out on Tonic. The collection presents a paradox of both order & chaos. Saturated color fields reminiscent of paint moving through water are seemingly randomly distorted & dragged across the canvas.
A collaboration between Bybit, Oracle Red Bull Racing, and top digital artists, Velocity Series launched Momentum by Rik Oostenbroek on August 24, available to holders of the Velocity Pass NFT. Momentum encapsulates pivotal moments of velocity in a curated set of 200 unique images. The collection marks Rik's debut in the realm of 3D generative processes, allowing data and machine to dictate the final outcome.
Erick Calderon (Snowfro) and Jordan Lyall launched their collaboration heart + craft, an inclusive digital/physical generative collection on Prohibition.art, August 24. Erick collaborated with Jordan to automate the process of combining the blocks and colors through an algorithm that generates not only a beautiful interactive 3D model of a heart, but also includes instructions for assembling each specific output along with 3D printable models stored inside the algorithm itself. The "Inclusive Edition", priced at 0.01 ETH each, is a model that builds on the Open Edition, yet offers additional flexibility and emphasizes the goal of inclusivity and accessibility.
COLLECTING THE ALGORITHM: A Primer for On-Chain Generative Art By Andrew Jiang and Todd Goldberg