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- 1 Autoglyphs NFT is the first on-chain generative art on the Ethereum blockchain.
- 2 It has a generative algorithm capable of producing billions of distinct artwork.
Autoglyphs NFTs are on-chain NFTs. On-chain NFTs refer to the NFTs that are available on the blockchain distributed ledger and are visible to all the participants on the network. These NFTs are generative art endeavors that are unique and are produced by the code of the Ethereum blockchain.
The benefit of on-chain transactions includes authentication and validation by a certain number of participants. Every detail regarding the transactions is secure as they are recorded. The transactions are irreversible as they are unchanged.
Details of Autoglyphs NFT
Autoglyph is the generative art of NFT like Bored Ape Yacht Club (BAYC) and CryptoPunks. Generative arts include PFPs. The real artwork is not saved on the blockchain, they are kept in an off-chain database which is separated from the blockchain. This is concerning because there is no guarantee that the photographs will remain secure on the cloud and Autoglyph stands out in this regard.
Autoglyphs NFT was created in April 2019 by John Watkinson and Matt Hall and it is a collection of 512 items. It belongs to the art category with a total volume of 22,238 ETH.
Current Analysis of Autoglyphs NFT
The last seven days’ chart on OpenSea shows that it has a volume of 323 ETH with 2 sales and a floor price of 325 ETH. On August 12, 2023, it recorded one sale with an average price of 165 ETH. Another sale was recorded on August 15th 2023 with a 158 ETH average price.
The owner distribution chart shows that it has 109 owners for 1 item, 23 owners for 2-3 items, 20 owners for 4-10 items, 3 owners for 11-25 items, 2 owners for 26-50 items, and 1 owner for more than 51 items.
The lowest price is for Autoglyph #282 which is 325 ETH. This is followed by Autoglyph #505 at 505 ETH. The highest price is for Autoglyph #163 which is 725 ETH. It is followed by Autoglyph #220 which is at 600 ETH. The recently listed items include Autoglyph #505, Autoglyph #89, and Autoglyph #92.
The highest sale recorded is for Autoglyph #463 which is 460 ETH. It is followed by Autoglyph #486 and Autoglyph #336 which are sold at 444 ETH and 384.38 ETH, respectively. Autoglyph #512, Autoglyph #508, and Autoglyph #509 are the recently created items. The most viewed Autoglyph NFT on OpenSea are Autoglyph #376, Autoglyph #403, and Autoglyph #487.
The recently sold list includes Autoglyph #490, Autoglyph #203, and Autoglyph #511. The best offer list includes Autoglyph #163 at 725 ETH with the best offer at 170K USDC, Autoglyph #220 at 600 ETH best offer at 170K USDC and Autoglyph #282 at 325 ETH best offer at 170K USDC, and so on.
Summary
Autoglyphs NFT is an algorithm-generated on-chain generative art project. Each item is different from another as it is made by code. Thus, this NFT is maintaining fresh quality while holding its uniqueness. They are the first on-chain generative art pieces. These items will never be more than 512 as the generator has shut down. Due to this, these are priceless NFTs.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
