Art Blocks, a leading blockchain-based marketplace for generative art, has announced the launch of its own specialized secondary marketplace integrated within the existing Art Blocks website.
The marketplace allows art collectors to browse listed NFTs across all existing Art Blocks collections, whether they are listed natively on the marketplace or aggregated from other major platforms like OpenSea and X2Y2. Art Blocks takes no platform fee for secondary trades and honours artists' own specified creator royalty settings.
The company's marketplace aims to better spotlight the projects and individual minted pieces while providing a secure platform free of scam projects and knockoffs. The goal is to give Art Blocks artists a hub to showcase their work after the mint. The marketplace is built on OpenSea's open-source Seaport protocol with aggregation facilitated by Reservoir.
The launch timing amid the royalties debate was "coincidental," said Art Blocks CTO Jake Rockland, and it came down to managing team resources and finding the right tech to enable a native marketplace that also aggregates listings. Art Blocks is the leading generative art NFT project, with $1.4 billion worth of sales yielded from individual artwork sales over $1 million apiece.
(By Andrew Hayward)
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