Although relatively new, the generative art movement has gained momentum in recent months. Many generative art NFT platforms and projects have emerged since NFTs gained popularity in the early part of last year. Autoglyphs is the most successful “on-chain” generative arts NFT project.
Let’s dive deeper into Autoglyphs and why they are extremely valuable.
What is the Autoglyphs NFT project?
Canadian software developers and Larva Labs founders, John Watkinson and Matt Hall launched Autoglyphs back in 2019. Larva Labs is also the team behind CryptoPunks, the OG NFT collectibles. Autoglyphs, in fact, is their second project after CryptoPunks.
So, what exactly are Autoglyphs NFTs?
Put simply, Autoglyphs is an on-chain generative art project, generated through an algorithm. Larva Labs describes them as “an experiment in generative art, each one unique and created by code”. This is typical for generative art, which is a process where a computer program generates unique artworks using a different combination of traits.
Based on the Ethereum blockchain, these were originally created by anyone after paying 0.2 ETH (around $35 back then) as the creation fee. Moreover, the team donated all the creation fees to 350.org. “An international movement of ordinary people”, 350.org fights climate change and advocates for the use of renewable energy.
However, the generator shut itself off after creating merely 512 glyphs. This is why Autoglyphs are so rare today. To be sure, their floor price today is a whopping 177 ETH or about $544,000. They are also the first ever on-chain generative art project.
What is on-chain generative art?
NFT projects like CryptoPunks or Bored Ape Yacht Club are all generative art NFT projects. This category includes most PFP NFT projects. Contrary to popular belief, artwork is not stored on blockchain. Instead, they are stored in a database off-chain, that is, off of the blockchain. Alarmingly, this is because images can be lost or stolen at any time.
This is where the Autoglyphs NFTs stand apart.
“With the CryptoPunks, all of the ownership and the provenance is permanently and publicly available, and those rules are set and fixed,” Watkinson told Artnome. “And yet there’s still a bit of an imperfection there in that the art comes from outside of the blockchain and stays out there, and it’s just referenced by a smart contract.”
“We don’t have any complaints about the CryptoPunks, but it felt like there was an opportunity to go further,” he further said. “With Autoglyphs, we asked ourselves, “Can we make the entire thing completely self-contained and completely open and operating on the blockchain?””
And that’s exactly what the duo did with Autoglyphs. The contract stores the art. Larva Labs explained that the art is stored within the contract. They experimented with different generators. They eventually found the right “small amount” of code that could run efficiently and produce an “fairly small but efficient output.”
As a result, the final artworks are simple, yet extremely beautiful. , /, The artworks are a tribute to Ken Knowlton