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Art Blocks’ Friendship Bracelet NFTs Take OpenSea’s Top Spot

Art_Blocks’_Friendship_Bracelet_NFTs_Take_OpenSea’s_Top_Spot

The most recent collection of NFTs from Art Blocks, an art collective that facilitates generative art NFT projects, is the top-selling collection on the world’s largest secondary NFT marketplace, OpenSea.

Art Blocks’ “Friendship Bracelets by Alexis André” came to the top of the charts on Tuesday, shortly as the deadline for Art Blocks NFT holders to get two free NFTs from the new collection expired. Since then, its value has increased on the secondary market, and it is currently the most valuable collection on OpenSea with 601 ETH (nearly $808,000) in 24 hour trading volume.

The NFT collection comprises of 38,413 NFTs conceptualized by Art Blocks founder Erick Calderon (Snowfro) and designed by Japanese Generative Art Foundation director Alexis André. The wristbands were inspired by kid’s novelty bracelets, and Art Blocks NFT holders could claim up to two bracelets between October 2022 and January 10.

By the end of Tuesday, the collection’s highest 24-hour trading volume was 996 ETH, which is more than $1.3 million. At the time of writing, the collection’s total trading volume was 7,437 ETH, or just under $10 million.

Art Blocks is an art group that allows a variety of digital artists to mint generative art NFTs. Art Blocks intends to reward community members who have supported its artists from the company’s founding in 2020 by giving a free Friendship Bracelets collection. Now it appears that people that claimed NFTs are also being financially rewarded, as the current floor price on OpenSea is.529 ETH, or about $700, at the time of writing.

In addition to the digital bracelet, the NFT includes instructions on how to make a real bracelet.

Recent Succesful NFT Projects

Initially, former Chicago Bulls superstar Scottie Pippen released an exclusive NFT collection that sold out in a record-breaking 77 seconds. The collection included 1,000 pairs of metaverse-ready sneakers and mystery boxes. OpenSea’s current floor price is.19 ETH (about $250), while the collection’s overall sales volume at the time of writing was 386 ETH (approximately $510,000).

Then, in December, the ex-president Donald Trump released a controversial NFT collection on Polygon that quickly sold out. In the first week, one user bought an NFT for nearly $22,000. The collection stays in the top five on OpenSea in terms of overall sales volume over the past thirty days, which totaled 8,017 ETH or almost $10 million.

Deepak Chopra, a well-known author and one of the first people to work in integrative medicine, recently worked with TIME’s Web3 branch to launch an NFT collection. The cover art for the collection was made by 73 artists who were inspired by the lessons in Chopra’s books. And the NFT is a real book that can be read in full on the blockchain.

About Tina

Tina concentrates on all matters related to NFT and Web3. Tina uses social media to spot NFT trends and report unique news.

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