Archipelago Marketplace to Shut Down

Archipelago Marketplace to Shut Down
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Archipelago, the website and generative art marketplace whose founder partnered on Tyler Hobbs' QQL mint pass auction, is shutting down Dec. 10, according to a message on the site.

Reasons for the shuttering weren't given by site creator and QQL co-founder @dandelion_wist. Last month, Dandelion put out a tweet thread about transferring QQL seeds (outputs of Hobbs' algorithm only mintable by those with QQL mint passes) and said Archipelago was "actively building" a seed marketplace.

This morning, Dandelion responded to a user concerned about the marketplace plans saying that the "seed market will still happen, just on a super chilled-out timeline."

The QQL Mint Pass, created by Fidenza founder Hobbs, sold out 900 editions in Dutch auction format with a resting price of about 14 ETH back in September. The sale raised more than $16.7 million for Hobbs and Dandelion.

After the announcement, Dandelion purchased Fidenza No. 607 on the Archipelago marketplace for 500 ETH (about $585,000).

The website directs users to Artacle.io, an NFT analytics platform for generative art.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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