Generative artist nets $5.38 million in latest Art Blocks hit

Quick Take

  • Monica Rizzolli’s ‘Fragments of an Infinite Field’ collection sold out in less than an hour.
  • Individual pieces in the set are now selling on OpenSea for as much as 69 ether.

A generative artist whose work depicts flowers within a “potentially infinite field of foliage” has made 1,623 ether (around $5.38 million) through a sale on Art Blocks, the non-fungible token (NFT) platform.

Monica Rizzolli’s ‘Fragments of an Infinite Field’ collection, comprised of 1,024 pieces, was sold through a Dutch auction on Art Blocks Curated on September 13 – with prices starting at 10 ether. The entire set sold out in under an hour.

Transaction data on Etherscan shows Rizzolli netting 1,623 in ether across three transactions in the hours after the sale. 

Since the initial mint, individual pieces from the collection have changed hands on the NFT marketplace OpenSea for as much as 69 ether (around $229,000). The so-called ‘floor price’ – determined by the lowest priced pieces in the set – currently stands at roughly 13.4 ether (around $44,500).

Certain well-followed NFT collectors such as the pseudonymous Cozomo de’ Medici and JDH stumped up hundreds of thousands of dollars to snap up individual pieces in the set.

One Twitter user pointed out, citing Dune Analytics data, that Art Blocks notched its best single day for secondary market sales in September yesterday, the bulk of which was down to trading in Rizzolli’s work.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

In season

Generative artists write code that creates art in a certain style and within certain parameters, but at random such that the artists themselves cannot predict exactly what their work will look like.

The genre has boomed in popularity over the summer – primarily due to surging investment in the NFT space. Art Blocks has