Latest Chromie Squiggle by Snowfro News

Snowfro announced plans to mint 81 new Squiggles today, bringing the project closer to its final mint.

The Deets

• 81 Squiggles set to be minted in two transactions
• Squiggles gifted to community members, organizations, and the Art Blocks team
• Ten Squiggles consigned to Venus over Manhattan gallery for two years
• Five Squiggles to be included in the SquiggleDAO's treasury

The Bulk

The Chromie Squiggles project, known for its vibrant, algorithmically generated artworks, is about to make a significant leap towards the completion of its minting process. The creator has unveiled plans to mint 81 new Squiggles in two transactions, taking place today.

The first batch of mints is targeted at appreciative community members, individuals outside of web3 who've been supportive of the creator's journey, and a few deserving organizations. Also included are several individuals from the creator's past, like an executive coach who has played a critical role in his personal and professional growth.

Ten Chromie Squiggles will be consigned to the Venus over Manhattan gallery for two years, indicating the project's ambition to bridge the gap between the traditional and web3 art worlds. Meanwhile, five Squiggles will be added to the SquiggleDAO's treasury, boosting their mission to amass 400 Squiggles.

In an expression of gratitude, the creator will mint Squiggles for every Art Blocks team member, acknowledging their indispensable support during the challenging yet rewarding journey of the last two years.

🎤 Founder Feedback

🔜 What's Next?

Stay tuned for the FlamingoDAO mint next week, another key supporter of Squiggles and the generative art medium.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Erick "Snowfro", the founder of Art Blocks and the creator of the Squiggle, announced today that 17 new Squiggles will be minted at 6 p.m. CT.

The Deets

• 17 Squiggles will be minted later today for a handful of people that Snowfro feels have supported the medium of generative art and made meaningful contributions to the digital art universe and/or the Art Blocks ecosystem.
• Snowfro also indicated that there will be "a lot more mints over the coming weeks as we build up towards the last mint".

🎤 Founder Feedback

From Snowfro's (@ArtOnBlockchain) tweet:

• On the recipients of the newly minted Squiggles today and going forward: "Today I’m minting 17 Squiggles to a handful of people that have been indispensable over that last few years either for inspiration, emotional support, contributors to our digital art universe, contributors to the Art Blocks ecosystem specifically, or supporters of the medium of generative art by supporting artists and fellow collectors alike. THANK YOU. Also including a handful of Squiggles in each of the next few mints for organizations and institutions that I admire and am excited to be a part of their collecting journey now and in the future. Some I will be able to disclose, others I will not until they are ready to disclose."
• On future mints: "Expect a lot more mints over the coming weeks as we build up towards the last mint. I have some fun stuff planned for the remaining Squiggles which I’ll share soon."

❗ Why It Matters

Two weeks ago, VerticalCrypto Art and Right Click Save collaborated on a charity auction for 10 unminted Squiggles that raised 186 ETH for The ALS Association. And although Snowfro first minted Chromie Squiggles in November 2020, he never actually finished minting all 10,000 Squiggles (inclusive of the 17 Squiggles that will be minted later today, 9,791 will have been minted to date). Erick has been very selective about the occasions on which unminted Squiggles are released, which is one of the reasons why last month's charity auction for the 10 unminted Squiggles generated so much interest.

And so the door always remained open for the last phase of mints, which now looks to be slated for the coming weeks and months.

🕳️ Go Deeper

• Snowfro's Auction of 10 Unminted Squiggles Sell for Combined 186 ETH (May 24, 2023)
• Right Click Save - "Squiggles Bring Out the Best in Web3 In Tribute to Hal Finney" (May 22, 2023)
• Right Click Save - "For the Love of Squiggles" (May 12, 2023)
• LuckyTrader Artist Guide | Snowfro (April 5, 2023)
• "What are Chromie Squiggles? A Guide to the Colorful Art Blocks" by corporate trash (October 12, 2022)

Tribute Brand, the fashion-forward NFT project, launches one-of-a-kind generative sweaters informed by Chromie Squiggle characteristics.

The Deets

• Unique Sweaters: Each Chromie Squiggle influences a unique set of objects, including a distinctive digital skin, on-chain instructions for future productions, and a singular generative sweater.
• Sweater Design: The distinctive look of each sweater is determined by the "Type" of Chromie Squiggle, with six original types and six rare Hyper variants.
• Waste Yarn Project: The sweaters will be handcrafted by Waste Yarn Project, a 100% zero-waste knitwear producer using surplus yarns.
• Tribute Brand NFC Chips: Each sweater will be embedded with Tribute Brand NFC chips for additional experiences via the Tribute App.

The Bulk

Tribute Brand has taken a novel step in the NFT fashion industry by incorporating distinctive traits of Chromie Squiggles into the production of unique sweaters. The twelve visual "Types" of Chromie Squiggles, alongside other traits such as color and segment, will define the yarn, knitting stitch, and the final assembly of the physical generative sweater.

The sweaters will be handmade by Waste Yarn Project, a conscious initiative that uses surplus yarns to produce 100% zero-waste knitwear. Each sweater will be a distinct 1of1ofX, tailored to the traits of the specific Chromie Squiggle it's based on.

Tribute Brand's NFC chips will be embedded in each sweater. When interacted with via the Tribute App, these chips will unlock unique digital experiences.

🔜 What's Next?:

ODDS Sweaters launch in June with early access and exclusive pricing for Chromie Squiggles and Tribute Brand's PUNK project holders. 

The auction for the 10 unminted Squiggles in "Snowfro’s Squiggles: The Auction” ended today and sold for a combined 186.3 ETH ($333.5k USD).

The Deets

• VerticalCrypto Art and Right Click Save collaborated on this unminted Squiggles charity auction in support of The ALS Association via The Giving Block.
• The format was a ranked auction of ten unminted Chromie Squiggles that lasted 24 hours.
• The ten highest bidders will receive their Chromie Squiggles, minted by Snowfro himself.
• Auction results can be seen at gallery.verticalcrypto.art/bid/squiggles.
• The top bid was 19.9 ETH ($35,620), and the tenth highest bid was 18.0 ETH ($32,200).
• The ten unminted Squiggle IDs are: 9764, 9765, 9766, 9767, 9768, 9769, 9770, 9771, 9772, and 9773.
• The highest bidder will receive Squiggle ID 9764, the second highest bidder will receive Squiggle ID 9765, and the tenth highest bidder will receive Squiggle ID 9773.

❗ Why It Matters

Squiggles are the genesis project of Snowfro (née Erick Calderon), the founder and CEO of Art Blocks. They were first minted in November 2020 for 0.035 ETH (!), but Snowfro actually never finished minting all of them. The Chromie Squiggle page on the Art Blocks site shows that 9,764 (soon to be 9,774) of 10,000 have been minted. So this auction represented a rare opportunity to acquire an unminted Chromie Squiggle.

In many ways, Snowfro's Chromie Squiggles are the emblem of the generative art movement and reflect the vibrant foundation that Art Blocks was built on. And with Snowfro being so selective about the occasions on which unminted Squiggles are to be released, this auction of unminted Squiggles was certainly a fantastic way to raise money for ALS research.

📊 By the Numbers

The 10 unminted Squiggles sold for about 18.6 ETH each on average, representing a nearly 50% premium to the floor of 12.5 ETH on OpenSea Pro.

🎤 Community Quotes

Just took 1st and 2nd in the @verticalcrypto Squiggle auction. Looks like ya boys back in the streets. Happy to have @ArtOnBlockchain minting me 2 bangers... plz hyperrainbow for me since I had to sell my original and it still pains me to this day. pic.twitter.com/ZZJ68HwCg0

— Keyboard Monkey -KBM- (@KeyboardMonkey3) May 24, 2023

🕳️ Go Deeper

• Snowfro's Squiggles Up for Auction to Fight ALS
• Right Click Save - "Squiggles Bring Out the Best in Web3 In Tribute to Hal Finney" (May 22, 2023)
• Right Click Save - "For the Love of Squiggles" (May 12, 2023)
• "What are Chromie Squiggles? A Guide to the Colorful Art Blocks" by corporate trash (October 12, 2022)

VerticalCrypto Art and Right Click Save announced they are set to auction ten unminted Chromie Squiggles, the genesis project of Snowfro, with proceeds going toward ALS research.

The Deets

• Ten unminted Chromie Squiggles will be auctioned in a 24-hour event called "Snowfro's Squiggles: The Auction".
• The auction is a collaboration between VerticalCrypto Art, Right Click Save, The ALS Association, and The Giving Block.
• Proceeds from the auction will go to The ALS Association.
• The auction will take place on 23 May.

The Details

Chromie Squiggles, first minted in November 2020, are the brainchild of Erick Calderon, aka Snowfro, and have since become icons of contemporary generative art. However, the minting of these artworks is carefully controlled, making the upcoming auction a rare opportunity for collectors and enthusiasts alike.

This auction is part of VerticalCrypto Art and Right Click Save's mission to support generative artists in fighting degenerative diseases. By offering ten unminted Squiggles in partnership with The ALS Association and The Giving Block, they aim to raise substantial funds for ALS research. 

The auction will begin on Tuesday, May 23 at noon ET, and last for 24 hours. The format will be a ranked auction, with the highest ten bidders winning the ten unminted Squiggles. The auction will take place online at gallery.verticalcrypto.art.

🎬 Take Action

Interested bidders can prepare and visit gallery.verticalcrypto.art on May 23. 

🧠 Learn More

• All About Chromie Squiggle By Snowfro
• Full Spectrum Squiggle Sells for 130 ETH

Eruption No. 2 of Burn Island is starting today, according to a tweet from VeeFriends.

❗ Why It Matters

Burn Island Eruption No. 2 brings an exclusive auction for three yet-to-minted Chromie Squiggle NFTs. Participants can bid and burn BOOK GAMES tokens, with only the three highest bids winning the auction.

This auction is a part of many upcoming Burn Island events that "unlock rare and valuable NFT collectibles, access to unique events, and physical or virtual rewards through its deflationary technology." Rewarding holder bases is at the forefront of conversation for NFT projects, and VeeFriends joins Memeland and Yuga Labs as perhaps the most aggressive in providing opportunities to holders in recent weeks. 

🔎 The Deets

• The auction will be open from March 16 at 5:00 p.m. ET until Mar. 24. 
• Participants must hold a VeeCon 2022 ticket on their VeeFriends account to participate.
• Bid size is equal to the number of BOOK GAMES tokens burned, and bids can be increased by burning additional tokens.
• Tokens of non-winning bids will be returned, and only the three highest bids will have their tokens officially burnt.
• The winner will be viewable on the leaderboard at the conclusion of the auction, and a confirmation email will be sent upon placing a bid.

🧠 Learn More

• VeeFriends Burn Island Details

Collective ownership platform Tessera announced the launch of an ApeCoin staking vault on Monday, with both the lack of a geo-filter and the ability to auto-compound yield providing alternative options to other $APE staking methods. 

Happy $APE Staking Day!

I am excited to announce @tessera's entrance to the world of Yuga with our ERC4626 compliant $APE vault

With our vault you can deposit your ape and passively compound

Our auto compounding vault takes the staking APY from 197% to 613%

Here is how 👇

— andy (@andy8052) December 12, 2022

The vault currently only serves the $APE-only pool, with the NFT-gated staking pools will be rolled out at a later date.

The auto-compounder feature allows users to automatically deploy rewards back into the pool, passively compounding earning. 

ApeStake.io is the official front-end interface from Horizen Labs, the blockchain technology company tasked with building out ApeCoin staking. The platform is currently geo-blocked in several countries (including the United States) due to regulatory concerns, forcing many users to seek out alternatives. 

Tessera also announced their second fractionalized vault coming Thursday, with a Chromie Squiggle from Snowfro up for purchase. 250 'raes', or NFTs that represent a share of ownership over the vaulted NFT, will be created and sold utilitizing a last price dutch auction format.

The previous vault, which featured CryptoPunk #4847, was bought out for 82 ETH by notable market-maker PunksOTC.

Art Blocks founder Erick 'Snowfro' Calderon has minted 15 new Chromie Squiggles to the collection, the artist tweeted on Thursday. 

Hey friends heads up 15 squigs coming through the minter today! These are going to amazing folks and causes including an art swap, charity, higher ed, museum, a cousin, collector group, and handful of beautiful and wonderful people I’ve crossed paths with on this journey.

🍻❤️🇲🇽

— Erick / Snowfro / 🔱 / 🦩 / LAO / #️⃣ / 🔴 (@ArtOnBlockchain) November 17, 2022

The NFTs will be distributed by Calderon, going to 'an art swap, charity, higher ed, museum, a cousin, collector group' and others chosen by the artist. 

Snowfro has said he will mint out the 10,000-edition collection by the end of 2022, with the new 15 bringing the current supply total to 9,699.

Let's take a look at some specific collections, with a focus on the number of WETH offers accepted versus total sales.

• Bored Ape Yacht Club: 7 WETH offers out of 11 sales (63.6%) 
• CryptoPunks*: 2 WETH offers out of 8 sales (25%)
• Azuki: 9 WETH offers out of 15 sales (60%)
• DigiDaigaku: 2 WETH offers out of 5 sales (40%)
• Moonbirds: 10 WETH offers out of 14 sales (71%)
• Squiggles: 6 WETH offers out of 12 sales (50%)

*Punk metrics based on bids accepted vs market buys.

So Moonbirds owners are "capitulating" the most, with Punk owners the least.

Another important takeaway from the high-level data is the general trend line. The WETH ratio seems to be moving steadily up as this year progresses. The rate was in the 0.05-0.1 range from January to May (bull market) but has been grinding up since. Since October, the ratio has been in the 0.2-0.3 range, indicating that 1 of every 3-4 sales is someone taking a WETH offer.

How can an NFT trader use this information?

Well, consider making WETH offers for NFTs instead of market buying. This trend will likely continue as long as the crypto volatility continues.

Chromie Squiggle #9502, one of only 42 "Full Spectrum" Squiggles, sold for 130 ETH on Sunday night. 

The sale took place on X2Y2's NFT marketplace, where the seller yielded no fee to the marketplace, recouping all 130 ETH or approximately $203,000. Only one Full Spectrum Squiggle is listed for sale on OpenSea's marketplace for 650 ETH. 

The most recently traded one was sold six months ago for 229 ETH or $360,000 at the time of purchase. After the purchase, the Squiggle was transferred to a wallet belonging to Punk6529. 

Chromie Squiggles have been gaining tons of steam in the last week, jumping more than 14 percent to 16.83 ETH at the time of writing. The move has pushed the project up to No. 6 overall in our Lucky Trader Power Rankings.