Art Blocks Fidenza Creator Sells $17M of NFTs Despite Poor Market Conditions

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In a pleasantly surprising turn of events for NFT collectors, today Tyler Hobbs, the original creator of the Art Blocks Fidenza collection has found the NFT markets might not be struggling as much as they previously seemed.

Quick Take:

  • Tyler Hobbs, Creator of Art Blocks Fidenza sold $17M worth of NFTs today.
  • The new collection is called QQL.
  • The collection is a collaboration with Dandelion Wist, co-founder of the Archipelago art platform.
  • The collection is a unique and new take on the possibilities of generative NFT art.

The auction took place on Archipelago, an art-focused NFT platform created by Dandelion Wist, who collaborated with Hobbs on this project.

The auction took place on Wednesday, September 28th, and offered a total of 900 mint passes. The sale was in the form of a dutch auction which started at a price of 50 ETH. By the end of the auction, the mint passes were being sold for 14 ETH each.

99 NFTs were reserved by the creators for a future surprise collaboration.

At the completion of the sale over $17 Million of ETH has been generated by the auction marking a bit of hope in an otherwise depressing NFT market.

What is QQL?

QQL is an algorithm-based NFT project that allows users to create their own fully customized pieces of digital art.

According to the project’s description on Archipelago:

QQL is a novel NFT project that empowers collectors as co-creators.

Instead of minting random outputs, as a collector, you will explore the algorithm through the QQL website.

You can generate hundreds or thousands of artworks until you find the perfect piece for you

To turn the artwork into an official QQL NFT, the user must hold a mint pass.

Hobbs and Wist created the QQL collection as a way to better explore what is possible with generative NFT art.

The QQL NFTs are now being actively bought and sold on the secondary market with a floor price of around 19 ETH.

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