Art Blocks Founder to Mint 10 Squiggles to DAO
Art Blocks founder Erick Calderon, known as Snowfro, will be live minting 10 Chromie Squiggles on Friday for SquiggleDAO. SquiggleDAO is the fourth-largest Squiggle holder which has a mission to showcase the NFT's "relevance in culture," and will reach its goal of owning 300 Squiggles.
The mint will take place during a Twitter Spaces on Friday at noon ET. Snowfro has said he will mint out the last 325 in the 10,000-edition collection by the end of 2022.
SquiggleDAO has a stated goal of acquiring "as many Squiggles, including rarer types, as possible for the DAO treasury." The organization has a long-term goal of collecting 1,000 Squiggles.
On Oct. 13, SquiggleDAO swept 14 Squiggles priced near the floor of the collection, moving the floor price then from 10.5 ETH to 12.5 ETH.
The Squiggle is Snowfro's only collection on the platform he founded in early 2021.
The SquiggleDAO wallet contains a little more than 696 ETH and $2.8 million USDC as of Tuesday afternoon.