Overall NFT trading volume has fallen a staggering 97 percent from its peak in 2021, but the horizon of crypto art can claim one bright spot: the medium of and market for generative art.

On December 1 at Art Basel Miami Beach, the form is taking the spotlight at the Tezos and Fxhash exhibition, “Performance in Code: Deciphering Value in Generative Art.” Emerging generative artists such as Ivona Tau and Tyler Boswell will be featured, and visitors can mint their own generative NFTs.

The exhibition follows the opening of Refik Anadol’s solo show at New York’s Museum of Modern Art, where generative art is receiving a major museum showcase. On view is the artist’s latest data-driven architectural installations, created by inputing data culled from MoMA’s own archives—everything from the photographs of Hans Haacke to paintings by Cézanne and Van Gogh—into code that generates chance-based waves and geometric shapes.

Such institutional recognition follows respectable, if cautious, market interest. Throughout 2022, major auction houses Christie’s, Phillips’s and Sotheby’s have held generative art sales, with the latter’s April auction fetching a total of $2.3 million. Art Blocks, the platform founded by Erick Calderon (a.k.a. Snowfro) that’s been largely responsible for popularizing on-chain generative art, has also been performing remarkably well, despite the crypto bear market: its market cap as of September 2022 exceeds $841 million.

But even as generative art might weather the flailing NFT market (its plunge lately fueled by FTX’s spectacular crash), the recent mainstreaming of A.I. technology could bode further shifts in the field.

Περισσότερα εδώ.