Can you believe it !? Today, artist Tyler Hobbs sold Fidenza # 313 for 1,000 ETH, or just over $ 3.3 million at the time of purchase. Most surprisingly, the artwork was last sold for just 0.58 ETH (around $ 1,400) on June 11 shortly after it was minted on Opensea, realizing a huge return on investment for the previous owner. !
A recent revival inMarket activity has seen projects like CryptoPunks, Bored Ape Yacht Club, and the crypto game Axie Infinity dominate much of the conversation. But in the midst of all that hype, the The Art Blocks-based generative art collection has quietly amassed hundreds of millions of dollars in trading volume and just marked its largest NFT sale to date.
Hobbs’ Fidenza line, launched in June, has quickly become one of the most popular Art Blocks collections. Fidenza offered 999 pieces, each based on an algorithm that generates a distinctive work of art at the time of minting. Each piece is unique compared to the others, but all are characterized by motifs of colorful rectangles and squares.
Fidenza # 313 is the most expensive NFT sold by any Art Blocks drop, but it’s not the only piece of Fidenza selling for over $ 1 million ETH to date. CryptoSlam notes that three more pieces of Fidenza have been sold at seven figures each and all of these sales have been in the past five days.