The CityART Art Collection on the Tezos Blockchain is a fascinating instance of the intersection between art and blockchain technology. This collection is characterized by offering a daily NFT from Monday to Friday, each centered on urban-themed artwork. Notably, the collection utilizes a mixed technique for creation, combining manual sketching with artificial intelligence processes, an innovative approach in the realm of digital art.
Each NFT is released in an Open Edition format at a price of two XTZ (Tezos). This means that, during a specific period, an unlimited number of copies can be minted at this price. This approach differs from limited editions, where only a set number of copies are minted. The affordability and the Open Edition format may appeal to both seasoned collectors and newcomers in the digital art and NFT space.
In its inaugural week, three distinct artworks were released: CityART I, CityART II, and CityART III, with a total of 6 pieces minted. The distribution of these mintings, with 3 for CityART I, 2 for CityART II, and 1 for CityART III, suggests varying popularity or demand for these pieces.
Interestingly, one of the CityART I pieces is on sale in the secondary market at a significantly higher price (100 XTZ) compared to the original minting price (2 XTZ). This indicates that the perceived value of this particular piece has increased substantially among collectors or investors. The secondary market is crucial in the NFT ecosystem, as it allows owners to resell their assets, often at higher prices depending on demand and rarity.
The fact that the collection is hosted on the Tezos Blockchain and available on the OBJKT marketplace is also noteworthy. Tezos is known for being a more energy-efficient blockchain compared to others, such as Ethereum, making it attractive for sustainability-focused projects. OBJKT is a prominent marketplace for NFTs on the Tezos blockchain, serving as a hub where artists and collectors can interact.
LINK to the collection
CityART I
CityART II
CityART III
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