24 HOURS OF ART: Thursday Highlights
Digital Art Headlines, Market Highlights, and Analysis from 3/20 - 3/21
Metaverse Mutants
'MUTATIO' Open Edition by XCOPY and NeonGlitch89 runs wild in closing stages of Base mint, ends at 1,023,831 mints and $2.35M (using ~$2.30 per edition).
Via XCOPY:
"VORTEX holders flipped XCOPY. RIP." (VORTEX = XCOPY x NeonGlitch collab)
Via Jesse Pollack:
"the coolest thing about this was it was totally permissionless. i found out XCOPY was dropping on Base with everyone else."
Hive Zero
After introducing 'Hivemind Digital Culture Fund' HivemindCap officially announces a milestone acquisition from AOI, 'Return Zero [Blue] 0.7' by Tyler Hobbs, a precursor to his Fidenza collection.
Via Tyler Hobbs:
"Return Zero was the first work where I realized how the combination of flow fields and carefully spaced lines can produce soothing results, even when done in a simple way. The fact that it doesn't need to add anything else is a testament to the effectiveness, I think. When Fidenza came shortly after, I expanded on those ideas, but kept micros very close to the style and feeling from Return Zero."
Via Hivemind:
"In curating our collection, particularly 1/1s, we prioritize narrative depth. We seek artworks that are compelling in their own right and enrich the broader narrative of the digital art movement, selecting pieces that will endure the test of time."
Von Beeple
VonMises Collection adds 'Trojan Pooh' 1/1 by Beeple, aka Everyday #4355 from April 3, 2019. The artwork fittingly includes artist's notes: "hiding in plain sight".
Via Von Mises:
"This piece is unmistakably Beeple in every way, so pleased to own it."
Via Beeple:
"HELLS YESSSS!!! Honored to be part of the collection ser."
Crypto Isn’t Bullshit
Pablo Fraile takes out “largest ever loan against a single piece of digital art” at $400,000 via Gondi. The artwork is none other than one of two Beeple genesis 1/1s (both originally collected by Pablo) ‘CRYPTO IS BULLSHIT’.
Via Pablo Fraile:
“Now, we're venturing into uncharted territory again. This loan is not merely about financial figures; it underscores the increasing acknowledgment of digital art's tangible value and potential. It highlights a shift towards recognizing digital art as assets that can secure substantial financial backing without necessitating a sale, thus encouraging active participation and investment in this field.”
G To The M
Grifters 1/1/666 by XCOPY see flurry of activity alongside MUTATIO with 4 sales for 9, 7 & 6.9 ETH and 7 WETH.
DEAFBEEF to DEAFBEEF
DEAFBEEF Vol. 2, Series 1: Noumenon - Token 15 - originally minted April, 2023 - sells for 10 WETH to DEAFBEEF on secondary market.
Collection: Highlights
Opepen Edition /16k by Jack Butcher: 48 ETH volume, floor: 0.24 ETH
Terraforms /9,911 by Mathcastles: 41 ETH volume, floor: 1.32 ETH
Memento Mori /206 by Richard Nadler: 1.965 BTC volume, floor: 0.0538 BTC
Checks - VV Edition /5,257 by Jack Butcher: 35 ETH volume, floor: 0.33 ETH
Chromie Squiggle /10k by Snowfro: 34 ETH volume, floor: 5.19 ETH
Velocity Series: Velocity Pass /1k: 23 ETH volume, floor: 0.59 ETH
The Golden Ratio /420 by Harto x VIVID: 1.071 BTC volume, floor: 0.249 BTC
1/1: Highlights
Social Schizophrenia (Nov, 2021 MP) by HairofMedusa: 2.3 ETH to Overflows
Unbothered. Moisturized. Happy. In My Lane. Focused. Flourishing by LOVEBEING: 1.42 ETH to bomewhale
LIVE (Foundation) - Mother Ignoring Kid Drowning In A Pool by Drowning Kid: 10 ETH bid, ends 3:47pm EST
LIVE (SuperRare) - say less by Neurocolor: 2.5 ETH bid, ends 9:26pm EST
1/1/X: Art Blocks Highlights
Gazers /1k by Matt Kane: 6 ETH
Elevated Deconstructions /201 by luxpris: 5.99 ETH
Meridian /1k by Matt DesLauriers: 5.25 WETH & 4.75 ETH
Anticyclone /800 by William Mapan: 3.5 ETH
Alien Sighting
While pfp art collections aren’t usually covered in depth, 24HOA would be remiss to not celebrate the ‘CryptoPunk #7804’ Alien sale at 4,850 ETH or ~$16.42M. 2 of the 9 existing Alien Punks have now sold this month!
Closing Thoughts
We are embarking on our first hectic travel stretch of 2024, and during it the 24HOA report shifts into a Highlights format. The next 4-5 days release on PST timezone (3 hours later than usual). All of that said, the Everydays of course continue!
As wild as it is to say after some of the things we’ve seen this year, I’ll label this the most significant 24 hour period yet. There is literally something for everyone, from the rarified air of CryptoPunk Aliens, Tyler Hobbs Fidenza precursors, and Beeple 1/1s to the en masse $2.30 MUTATIO to the groundbreaking digital fine art loan. This is a day that moves things forward.
Along with the above, we saw a nice dose of Collection volume returning across ETH and BTC.