Tyler Hobbs sells $17 million in NFTs 🤯

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Estimated read time: 3 minutes 20 seconds

Today's stories:

• Tyler Hobbs' QQL collection sellout

• Top NFT sales of the day

• HUGO x Imaginary Ones NFTs

QQL generative art project sells out for nearly $17 Million

TL;DR

• Tyler Hobbs’ (Fidenza artist) new generative NFTs sold out for $16.5 million

• Called QQL, minters interacted with Hobbs’ algorithm to produce their own art

• Early minters got lower token IDs, with 2% royalties for all

• Over $7.5 million in secondary sales already recorded (QQL Mint pass + QQL pieces)

• Anyone can try the art generator

QQL, a generative art project, sold out for nearly $17 Million two weeks ago.

Blurring the line between creating and minting NFTs, QQL lets minters design their own art via a generative tool, then publish on the blockchain and collect a small royalty on secondary sales.

900 collectors bought the right to generate custom art with the QQL algorithm on Wednesday. A further 99 tokens are held back by the creators for upcoming “surprise collaborations.”

DD says: QQL offers a neat way to produce legit art, give the community more control – and most interestingly – encourage organic rarity.

QQL was created by Tyler Hobbs and Dandelion Wist Mané, an artist and software engineer, both with track records in web3.

Tyler was the artist behind Fidenza, another highly popular generative collection, while Dandelion is co-founder of Archipelago, a marketplace for generative NFTs.

The Dutch auction happened on September 28 on Archipelago, with all 900 passes quickly scooped up for a finalized price of 14 ETH, earning the project over $16.5 million.

QQL sets no time limit on creating art, meaning holders could potentially wait years to create their tokens. But earlier minters get lower token IDs. All minters also get 2% royalties on future sales.

OpenSea shows QQL racking up impressive secondary trading volume after minting, with the QQL art pieces having down 79 ETH in volume, and the QQL Mint Pass doing a whopping 5,900 ETH in volume....yes you read that correctly.

You can try the art generator here without needing to mint or connect a wallet. Just pick a few different design options and watch the bot create a sleek, abstract pattern.

The more you know: the project’s title letters, QQL, were also generated by a Tyler Hobbs script and don’t stand for anything.

Here’s my attempt at a QQL piece:

Top NFT sales of the day

1. Bored Ape Yacht Club #9518 - 110 ETH ($128,990.69)

2. Bored Ape Yacht Club #1962 - 83.90 ETH ($108,223.19)

3. Bored Ape Yacht Club #4096 - 80 ETH ($102,372.30)

4. Bored Ape Yacht Club #4590 - 78.42 ETH ($100,350.45)

HUGO x IO NFTs

Imaginary Ones, the PFP collection whose public mint sold out within 4 minutes, is launching a new collection of “emotion” NFTs in collaboration with HUGO BOSS.

The 1,001 animated characters are rendered in the classic IO style and represent feelings of joy, love, and fear, among others.

Want to get on the allowlist? You’ll need to buy some limited edition HUGO merch, stake your IO, or enter the allowlist competition.

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Use protection folks, every line of defence matters. So make sure you grab yourself a Ledger hardware wallet. Always buy directly from their website as well.

Headlines of the day

• Damien Hirst burns his own art after selling NFTs

• Did CNN Just Rugpull Its NFT Store?

• NFT Transaction Fees ‘Don’t Matter’: NFT Book Author

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