Cornering The Market #96 - March 22, 2024
Botto on the move, Masks of Luci release, and more | Cornering The Market #96
Market Recap
Sentiment has been pretty good these past couple of weeks. We saw BTC rally and stabilize, and we've seen a flurry of high end sales (see the next story).
Overall it feels like the market has moved on from memes and into art, which we are all for
We saw some Botto 1/1s selling for 100E! These are from the genesis period and now we've seen 3+ sales at this price, so this seems to be the floor price for the first autonomous AI artist
Here's a great article entitled "Forget Blue-Chip Art. It’s a ‘Red-Chip’ Art World Now" which details the shift in the younger generation into a new style of art and is a bit less focused on institutions.
Tracks with our web3 experience!
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News & Events
Masks of Luci released and saw a solid amount of secondary volume, surging up to as high as $25k in some secondary sales and a floor over 10E, now settling in the 5-6E range.
We were impressed by the thought Sam put into each of these
There was a bit of controversy over alignDRAW and if it was truly the first text-to-image technology (written by Le Random's MonkAntony).
It was quickly and definitively countered by the alignDRAW creator who was pointed out that AD was credited as being the first by the very person Monk claimed to be the first...
Kim Asendorf has an exhibition in Thailand in conjunction with the Goethe Institu and Kate Vass Galerie. Kim's work is going even more global and this is seems like a fun event and a good reason to visit Thailand if you are in the area!
Great art, great prices - beautiful art for ~$500 or less
Chimerical Stories by Sofia Crespo - 0.278 ETH
A Book From The Sky by Gene Kogan - 0.179 ETH
Possibility Spaces by Look Highward - 0.0003425 ETH
SOL 365 by Cory Haber - 0.27 ETH
Exciting upcoming drops
Artblocks is teasing something new! We haven't heard many details on this next release, but we're excited to see what the leading art platform has up their sleeve
4/8 - William Mapan is back at it again with Sketchbook B on Verse, following up from his popular Sketchbook A that's now been out over a year, how time flies. We are looking forward to this one as it looks great
Art to highlight
Boldtron's Vault of Wonders Chapter 1: The Abyssal Unseen - I keep coming back to this collection because I simply love the concept of synthetic biology (creating completely new organisms with AI, what's not to like!).
Beyond that their video AI art is so crisp and fluid, and they created brilliant different species so creatively packed into families you can't help but want to collect these virtual insects. A++ on visuals, creativity, and collectibility in our book
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