How to Buy Art Blocks
Frequently Asked Questions
Currently, there are over 100,000 Art Blocks on the market. There are over 150 different NFT collections that are managed by the curation board, which includes notable names such as Ann Spalter and Dmitri Cherniak. Additionally, the project runs the Art Blocks Playground which allows specific artists to create additional curated NFTs.
Occasionally, the Art Blocks team of generative artists (such as Tyler Hobbs who created the generative algorithm called Fidenza) will set up new curated drops on artblocks.io. Those interested in each NFT project can mint an asset from the new collection. All NFTs are created by a randomly generated algorithm set up for each curated project.
The Art Blocks site allows people to mint randomly generated tokens on the Art Blocks website. Collectors don’t know what they are getting ahead of time. Once they have an asset, they can sell it on an NFT marketplace, such as OpenSea for a profit. They can also keep the digital art in their own private collection. Smart contracts on the Ethereum blockchain track ownership of each asset.
There was a limited number of Art Blocks curated. You won’t be able to join the ranks of collectors by creating your own NFT as part of the Art Blocks Project. Each ERC-721 is recorded on Ethereum’s blockchain to verify the authenticity of the asset.
Because of their scarcity and popularity, Art Blocks are considered valuable. Many collectors want to own them, making them appreciate in value.
Luci is a novelist and active blogger. She loves learning new things and tackling new and interesting industries. Her inquisitive nature makes her the perfect writer and researcher.
While she’s relatively new to the NFT space (as most people are) she’s loved diving in and providing great resources for beginners and intermediate traders.