Last Updated on November 1, 2022 by newseditor
We all know that NFTs stand for non-fungible tokens, unique digital representations that can be used to represent authentic artwork. However, a few months ago, generative art NFTs only came into the limelight.
Now, what do they mean? Generative art is an art form that is generated by computer codes. Generative art is produced through random colours, patterns and shapes organized into an artistically pleasing way to form a digital artwork.
Thus, generative art NFTs are like the fusion of generative art and NFTs. It is the creation of art using a smart contract and storing such art on a blockchain network in the form of NFTs.
Background on Generative art NFTs
Although generative art NFTs only shot up in recognition with the adoption of NFTs, generative art itself has existed since 1960. It involves using artificial intelligence to create an artwork automatically based on the set of instructions given by the artist.
By uploading creative codes, algorithms and a set of instructions on a blockchain, artists can create generative art NFTs. What makes it unique is the ability to mint a generative art into an NFT, something that could not have been done before.
How do generative art NFTs work?
Generative art NFTs employ both smart contracts and the blockchain to create a unique asset that can be valued. Artists combine a mix of codes and random algorithms to make their generative NFTs different.
All the artist has to do is generate a series of traits to use that will make up the NFT. These traits are then interchanged into several variations to create more unique designs.
It must be noted here that a generative NFT is different from the typical NFT. While a generative NFT uses different trait variations and smart contracts to create several unique NFTs, a typical NFT is the design of an NFT artist.
Therefore, an NFT artist has a particular creation in mind and launches it as an NFT; a generative NFT artist uses different traits to create several new variations.
Popular generative art NFTs
Some of the most sold and popular generative art NFTs are the following;
The creators of CryptoPunk, Larva Labs, also created Autoglyphs. It is viewed as the first generative art NFT. Its developers accorded the project as an experiment in generative art, each unique and made by code.
Solvency is the development of Ezra Miller. It contains 500 variations of artworks, each generated on the hash of the token the collector minted. Top collectors like 888, SeedPhrase and Pranksy openly support this generative art NFT.
- Lost Poets
Pak launched Lost Poets as a multi-stage NFT collectible and strategy game in September 2021. The generative art NFT has different stages, and its first stage, “Pages,” contained 65,536 single, multi-edition NFTs.
With generative art NFTs rising prominence, many are joining the trend to create and invest in these digital assets. Although platforms are dedicated to providing generative art NFT services, it is still crucial for any interested person to carry out the needed research before making any moves.
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