Leading generative art NFT platform fx(hash) has usurped Ethereum’s Art Blocks with almost $6 million in sales volume in May, according to DappRadar.
The open, algorithmic canvas for creative coders on Tezos became the frontrunner as sales surged, despite a recent downturn in general NFT sales.
Indeed, May was a great month for Tezos as NFT sales went up with fx(hash) and Objkt.com, the largest Tezos marketplace which recently eclipsed $100 million in sales, leading the way.
What is more, ‘Unicorns’, a recent generative PFP release on fx(hash), saw its floor price explode 50x after 10,000 NFTs sold out in hours.
That’s right, 10,000 pixelated unicorns caught fire with their adoring community, marking a sensational comeback for PFP NFTs and generative NFT art.
Designed as a ‘generative living experience’, the installation updates itself in real-time as artworks are created.
The installation features a curated group of generative artists, who collectively represent the diverse community minting Tezos NFTs on fx(hash).
fx(hash) prides itself on its diverse community of artists and collectors. The platform is known as an open-source tool for artists to explore their creative potential.
We may be witnessing a blockchain renaissance in generative art, and certain pop culture icons seem to think so.
We are already starting to see this trend emerge on Tezos as fx(hash), according to DappRadar, has overtaken not just Art Blocks, but also Super Rare, Known Origin, and Makers Place.
fx(hash) is a platform and marketplace, where artists and collectors mint and trade generative art NFTs.
Generative art is created with an autonomous system like a computer code. This allows artists to explore new realms of their art in random, magical ways as generated by the code.
On fx(hash), as long as an artist abides by simple formatting rules and agrees to only upload original generative artwork, they’re free to mint without restrictions.
Hence, this open-gate philosophy has seen the platform surge to the top of the rankings, ahead of some fierce competition.