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NFT drop: Chromie Squiggle by Snowfro

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This week we look at Chromie Squiggles: The first release on the generative art platform Art Blocks.

Chromie Squiggles by Snowfro

Available now on OpenSea

Yup, it’s a colored squiggle. But there’s more to the story.

About the creator

Erick (also known as Snowfro) is an artist from Houston who works with various physical and digital media, including LED art, digital art, 3-D blocks, and ceramic tile.

Most importantly, Erick is the founder of Art Blocks, the world’s first platform dedicated to decentralized generative art.

Art Blocks is a generative art platform that allows collectors to mint tokens without actually knowing what they will get until it’s minted. The artist writes a code that is plugged into the platform, which generates different combinations of the variables at random.

Snowfro came up with the idea for Art Blocks when he was scooping up CryptoPunks in 2017. He felt it was unfair that he got to claim & hoard zombies. He sold 20+ zombies over the next few years in order to fund the development of Art Blocks.

About the marketplace

Art Blocks is a storefront for genuinely programmable and on-demand generative artwork that is stored directly on the Ethereum blockchain.

Each piece is randomly generated by an algorithm defined by the artist, there are endless possibilities to what your unique generation could look like.

Art Blocks is split into two sub-marketplaces: Curated and Uncurated.

Art Blocks Curated is the most strictly curated offering in the Art Blocks product suite. Submissions are made by individual artists or collaborations and approved by the curation board before they go live. These highly innovative releases by renowned artists reflect astounding beauty and innovation both artistically and technically.

To date, there have been 13 curated projects and six uncurated projects released on the platform.

About the drop

This isn’t a drop, as the Squiggles were released back in March. But it’s an interesting opportunity.

Chromie Squiggle is Snowfro’s only project his Art Blocks platform. They are the largest project currently on the platform by far.

Simple and easily identifiable, each squiggle embodies the soul of the Art Blocks platform. Erick considers each squiggle his personal signature as an artist, developer, and tinkerer.

Snowfro said he loved how the squiggles could capture multiple cycles of a spectrum or a very limited segment of the spectrum. The shape of the squiggle itself was created to provide enough randomness so that all mints are unique.

There have been 9,166 squiggles minted out of 10,000 max, but public minting of the Chromie Squiggle is permanently paused. The remaining mints will likely be dropped at some point in the future.

Squiggles are now reserved for manual distribution to collectors and community members. The only way to buy them is via OpenSea.

Sales and price history

[Insiders Only]

Volume

[Insiders Only]

Artist community

Art Blocks

Snowfro

Verdict

In general, machine-generated art is unlikely to retain value as well as human-generated art. Although it can be extremely cool, it’s not as tough to create, not as valuable (in our opinion) and depending on the strength of the algorithm, can come off as a bit lazy.

[…more for Insiders Only]

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Author

Stefan Von Imhof

Stefan Von Imhof

Stefan von Imhof, a co-founder of Alternative Assets, is also the Head of Product at Flippa - the world’s largest marketplace for buying & selling online businesses. He also created and runs Flippa’s Due Diligence Program, and has bought & sold over a dozen websites. Prior to Flippa he was at HG Insights, a market intelligence company which in 2020 sold to Riverwood Capital Partners.

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