Async Art announced its decision to cease operations, although its NFTs will remain on-chain and accessible.
The Deets
- Async Art's market platform will not support purchases by the end of 2023.
- New submissions have been halted, starting today.
- The team hopes to introduce a simplified viewer for dynamic Async NFTs in the near future.
- The platform gained prominence with the XCOPY Grifters collection drop.
The Bulk
Async Art made the difficult decision to wind down its operations over the next few months. However, this does not spell the end for the art pieces. All Async NFTs are pinned on IPFS and will stay on-chain, ensuring the art's longevity.
The company informed that Async.Market will cease to support purchases by the conclusion of 2023, and Async.art will no longer accept new artwork submissions starting immediately. Considering that the uniqueness of Async pieces lies in their dynamic nature, which necessitates a front-end website and user interface, the team is putting efforts into launching a streamlined viewer in the upcoming months.
The end of Async Art's operational journey isn't synonymous with the end of the dynamic and generative art movement. The company expressed its optimism that the movement will persist, powered by the enthusiasm of web3 builders and creators.
❗Why It Matters
Async Art's decision to wind down indicates the challenges and rapid evolution within the NFT and digital art space, particular as market dynamics have been unfavorable and royalties and platform fees are under scrutiny.
🎤 Founder Feedback
This has been an amazing journey thus far and I thank everyone who's traveled with us. Personally, I'm not going anywhere and I remain bullish as ever on digital assets. I hope to continue celebrating what you all continue to make, build, and collect ❤️Conlan Rios, Founder and CEO of Async Art
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Cobie, a notable crypto trader and personality, began a year long quest to $1 million through NFT trading.
🧐 Wait, What?
Early this afternoon, Cobie tweeted the following:
The Deets
- Trades must be peer-to-peer
- No swapping the NFTs for ETH or stablecoins
- Initial sale 0.08 ETH
- Only 50 swaps allowed
The Bulk
Shortly after tweeting the first offer of friend No. 22 from the Forest, No collection, Cobie received a flurry of replies from NFT holders. Those offers included multiple Tubby Cat NFTs, a Pudgy Rod, Super PUMA and more.
Ultimately, he accepted the offer of another known crypto trader, Cryptopathic, for one Max Pain and Frens NFT from XCOPY.
Shortly thereafter, the wallet holding the Max Pain and Frens NFT traded it for a Sappy Seals NFT.
📊 By the Numbers
Thus far in only two trades, Cobie has moved from a 0.08 ETH purchase to a 0.54 ETH valuation based on the current Sappy Seals floor.
🎤 Cobie Quotes
On the quest, Cobie said...
🎬 Take Action
You can follow the progress on Twitter or via the trading account's activity on OpenSea.
A newly minted NFT from XCOPY is live for auction on SuperRare, according to a tweet from the artist and platform.
❗Why It Matters
XCOPY is perhaps the most notable artist in NFT history and each time a new work is minted, it demands a lot of attention (and ETH). Because of the demand on the early XCOPY works, it is not often that market participants have an opportunity to fetch an XCOPY 1/1.
The Deets
The latest piece, "LA WHENEVER" utilizes XCOPY's typical glitch style and holds a simple description of "ya know?"
📊 By the Numbers
Minted early this morning on SuperRare, "LA WHENEVER" already holds multipled bids, with the highest resting at 42.69 ETH (~$73,000). For comparison, the cheapest XCOPY 1/1 on SuperRare is listed for 288.420 ETH.
🎬 Take Action
Users can bid on or admire the latest XCOPY on SuperRare.
🧠 Learn More
XCOPY teased a potential drop coming tomorrow on the generative art platform Deca, the famed crypto artist tweeted Tuesday.
👀@XCOPYART x @0xDecaArt
— XCOPY 🏴 (@XCOPYART) November 29, 2022
TOMORROW pic.twitter.com/UN4ixbJ5Q8
No further details were provided. This post will be updated as more information emerges regarding the drop.
Hundreds of rare NFTs could be sold soon after they were transferred to a multi-signature wallet operated by Teneo — the firm in charge of liquidating NFTs in the Starry Night Capital fund formerly owned by the now-insolvent Three Arrows Capital.
Teneo has accounted for all of the Starry Night Capital NFTs with cooperation with former Starry Night Capital curator and pseudoanonymous collector VincentVanDough, according to a statement from the company provided to Lucky Trader.
A bulk of the former Starry Night Capital holdings were transferred to a Gnosis Safe wallet Tuesday, including three Fidenzas, some Rare Pepes, and a handful of XCOPY pieces, which the fund paid more than 1,300 ETH to acquire. (The wallet, which is valued at around $1.8 million according to NFTBank.ai, can be viewed here.)
Teneo also said that Van Dough has agreed to assist with the “eventual sale of all 3AC NFTs” and that all the NFTs are “in our possession or are being transferred to us.”
Creditors have been clamoring for the NFTs ever since Three Arrows Capital filed for bankruptcy in July and a federal judge allowed Teneo to subpoena Three Arrows Capital founders Su Zhu and Kyle Davies.
