Home Blockchain QQL Mint Pass earns $17 million upon launch

QQL Mint Pass earns $17 million upon launch

0
QQL Mint Pass earns $17 million upon launch

Source: blockchain.news

The QQL Mint Pass generative art algorithm earned around $17 million after its launch on September 28.

shutterstock_1389970622 l.jpg

The Generative Art Algorithm Project is co-created by Fidenza creator Tyler Hobbs and Dandelion Wist. According to the QQL site, the project has 999 NFTs in total, but 99 are reserved for “special purposes”.

A user holding a QQL Mint Pass token will gain access to the official mint art of that algorithm.

However, the wallet address for X2Y2 has been blacklisted by the code in QQL Mint Pass, negating any attempted transactions with the market.

This QQL move came after last month’s debate over whether NFT platforms should enforce artist royalties. Protocols like X2Y2, as well as SudoAMM, have chosen not to do this.

“That’s a wrap! The #QQL auction is almost over at 14.0 ETH. Congratulations to all the buyers, we can’t wait to see the beautiful art you create,” QQL tweeted after the sale.

QQL also made history by contributing over 1,000 Ethereal In an hour. They tweeted, saying, “Tonight we made history… Contributed over 1k ETH in an hour!”

Hobbs is a visual artist who works with algorithms, plotters, and paint. The Twitter description of him reads: “Sometimes I write about art on my site. Creator of Fidenza, co-creator of QQL.”

Fidenza was sold for up to 1,000 ETH ($3.5 million at the time) on the secondary market, according to The Block.

To enter the QQL Mint Pass website, a user will first need to connect their wallet, without which they cannot explore the page.

Image source: Shutterstock

Read More at blockchain.news