Home » Random International and Pace Sell 990 NFTs in Under 24 Hours – ARTnews.com

Random International and Pace Sell 990 NFTs in Under 24 Hours – ARTnews.com

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There wasn’t much excitement in the world of NFTs after the cryptocurrency crash last June.But yesterday, an unexpected victory pace Web3 arm of the gallery, pace versoall 990 sold out NFTs from random international collection.

These NFTs were created in collaboration with Danil Krivoruchko and were part of a collection called “Life in Our Minds”. All of them were gone within 24 hours. Sold for 0.25 ETH each, this collection’s major sales amounted to a respectable but not surprising total of about $380,000.

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Random International rain room, debuted at the Museum of Modern Art, New York in 2013. Founders Hannes Koch and Florian Ortkrass have long been experimenting with flocking behavior in birds and people and wanted to bring their ideas about that behavior into his NFT. With the help of his Krivoruchko, a digital artist, they envisioned his NFT project as a social sculpture.

“We have been studying herds, herds, collective behavior and their effects for 15 years,” Koch said in an interview. art news“Thanks to NFT, we have a really great opportunity to do further experiments.”

The resulting NFT is called a void (think “bird”, but with Tweety’s bird accent). Those collectors will find that the longer they hold on to the NFT, the more attributes the NFT will display, making them rarer and more valuable. also depends on the NFT.

At the same time, “Mother Flock”, available publicly on OG.art, continuously displays all 990 voids in an ever-evolving 3D virtual sculpture. Released on November 1st.

“It’s a sculpture that reflects new behavior,” said Koch.

Given the market conditions, Koch was even looking forward to seeing what the “Mother Flock” sculpture would look like in this depressed era.

“We created all these scenarios for what a public sculpture would look like if only half of the collection sold. For us, it was a graphically interesting case,” says Koch.

“I don’t think what you call a difficult market is that difficult,” he continued, not denying that there has been a crypto winter, but rather that the difficult market itself is this particular piece of work. said that it is full of possibilities. [the market] A great material for creating social sculptures. ”

For Koch and his team, NFT represented a way to explore the artistic possibilities of collective action without the limitations of producing large, technically complex and organized shows.

“for example, rain room Program or train a bunch of balloons to fly according to an AI algorithm. It takes a lot of resources,” he says Koch. “In this digital space, on the other hand, I have more freedom to experiment and share my work with a different, perhaps larger, audience.”

Koch considers Random International’s work to be digitally native, but found it amusing to discover that he represents an old guard when stepping into the NFT arena.

“In the art world, we’ve always been a bit of an oddball and we’ve crawled out of this art and technology corner and into mainstream contemporary art. We were very happy to be avant-garde.” ‘ said Koch. “But now we are entering the world of NFTs and are seen as ultra-traditional artists!”

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