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2020 Encrypted Art Overview: Four Platforms Lead Encrypted Art to Flourishing Development

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It will take a long time for the NFT ecosystem to flourish like the real world, but in 2020, people's enthusiasm and acceptance of NFT keeps us optimistic about the prospects of NFT.

Original title: "State of the art review 2020"

Original author: besancia

Original source: NonFungible

Compilation: 0x13, Rhythm BlockBeats< /blockquote>

Introduction

We will be releasing the 2020 Annual report, we are currently in the process of finalizing our annual report, which will be our most in-depth and high-level report to date, covering the NFT market on Ethereum.

Many segments of the NFT field will usher in vigorous development in 2020, one of which is encryption In the field of art, encrypted art has developed rapidly in the past year. We hope that more people will pay attention to this special field. In the past few months, the transaction volume of encrypted art has repeatedly set historical records.

This article will first analyze the recent rise in popularity of CryptoPunk, and introduce the development of the mainstream art market in the 4th brother. An attempt will be made to identify new trends in the art market.

In the analysis of this article, we only open the sales of green artworks, not the overall statistics, which are related to enjoyment transaction costs are not included.

Art Market

First , let's take a look at the four major encrypted art trading platforms: Markersplace, Known Origin, Async Art and SuperRare. Currently, the NonFungible website does not support NFT data statistics of the ERC-1155 standard, so the number and sales price of NFTs using the ERC-1155 standard in the encrypted art trading platform are not counted.

The selected indicators are as follows:

-Sales in USD
-Primary and Secondary Market
-Independent Buyers and number of sellers

This article will provide an overview of market developments, not details of each sale.


Let's first look at the total sales in US dollars, and we can see that SuperRare has taken the lead.

Known Origin was ranked No. 2 in our 2019 analysis and is now No. 4 bit.


Starting in February 2020, Async Art's programmable encrypted art works can almost always be sold quickly.

The art sales across these four crypto art platforms totaled approximately $10,384,427.

However, another point to consider is the separation of primary market sales and secondary market sales. From 2018 to 2019, this trend has begun to appear, and in 2020, this phenomenon has been confirmed, and SuperRare is gradually losing its dominant position in the secondary market.

in For several months in 2020, SuperRare ceased to lead the secondary market in dollar volume. However, when the time came to November, there was nothing stopping its rapid development.

Overall, the crypto art primary market turnover was $7,510,073 and the secondary market turnover was $2,874,353.

So far, no market can compete with SuperRare in terms of dollar volume, but by the end of the summer, The upward trend of MakersPlace is more obvious compared to other platforms.

Although MakersPlace only accounts for 13% of the primary market, it accounts for 33% of the secondary market , growing rapidly compared to 2019. The joining of Jose Delbo in July seems to be a strong impetus for the platform: starting from September, the USD transaction volume in the platform’s primary market has surged, but it is not good for secondary market sales.

While the distribution of market sales in dollar terms looks clear, this figure must be compared with two other factors Cross-Reference: Number of sales and number of unique buyers/sellers for the work.

In the past year, the growth of SuperRare's primary and secondary markets has been quite stable, but MakersPlace has received a serious blow early.

Known Origin and MakersPlace are more or less dragged down by high gas fees in 2020, high Costs have plagued ethereum in 2020, and ultimately dragged down artists, who had to lower the prices of their works in order to get people to pay the same price.

Until September, MakersPlace welcomes the collaboration of well-known artists on its platform, promoting the first-class level of encrypted art market sale.

The steady growth of SuperRare can be explained by the wealth and means available to artists and buyers, for whom High transaction fees are not enough to deter them from trading.


Overall, the four marketplaces sold a total of 27,890 works of art in 2020. Since AsyncArt's work is so unique, sales are also lower, and in this regard, MakersPlace can already rival SuperRare in 2020.

Finally One metric to consider is the number of unique buyers and sellers. The first thing we noticed was the communities of MakersPlace and KnownOrigin, which don’t seem to have seen huge growth in community size despite high sales in the first half of 2020.

But starting in September, the number of new collections has increased significantly, and the trend in 2020 is the identity of buyers and sellers Balance, which indicates that former collectors have started to sell their holdings.

CryptoPunk

in detail Before introducing different artists, let’s talk about CryptoPunk and their performance this year. It should be pointed out that due to the size of CryptoPunk, this project has been separated from various statistical charts and listed separately.


With total CryptoPunk sales of $6,286,157, CryptoPunks have been a hit. Previously we wrote an article looking back at their development from launch to mid-December, but that article did not cover the sales in the last two weeks of 2020, in fact, buyers' enthusiasm for buying CryptoPunk has not stopped , but even higher.

No doubt CryptoPunk collectors were first surprised in September. On the one hand, they see new possibilities. Users can "package" your CryptoPunk so that they can trade on larger trading platforms, such as Opensea. At present, a total of 1,526 packaged CryptoPunks have been sold on OpenSea, with sales reaching $2,420,779.

On the other hand, in September, 156 CryptoPunks that had never been sold before were held Putting it into the market, by the end of the year, another 83 CryptoPunks were put in, which breathed new life into the project and rekindled the interest of the market.


One final surprise, which can be good or bad for you depending on your financial means, is that the bottom price of CryptoPunk started to skyrocket from September. With the large-scale buying wave at that time, the lowest price of CryptoPunk rose rapidly from below 1ETH to 2ETH and higher, coupled with the soaring price of ETH, it set higher and higher economic thresholds for those who wanted to buy some CryptoPunk.

As of December 30th, the 2020 sales record was $137,366, although this record was lost at the start of 2021 Breaking, on January 24, CryptoPunk No. 2890 was sold at a high price of 605ETH, worth about $747,400.

"Independent" market

Although the above-mentioned four major encrypted art trading platforms can represent most of the trading volume, they have made significant progress in 2020 for projects hoping to use NFT to carry digital art.

So we first analyzed the sales of 190 items without distinguishing between "generative" and "non-generative" Art.

In this list there are projects like Avastars, Cryptomorph, PixelChain or Codex Protocol, but as we shall see As mentioned above, it is undoubtedly the smart contracts of all artists who give the greatest weight to these digital collections.

In order to highlight as many of these projects as possible, we have broken down their dollar earnings into three tiers: Over $100,000, $10,000 to $100,000, $5,000 to $10,000.

We then separate generative and non-generative art to better highlight artist performance.


Of the 8 projects and artists leading the way with $2,490,497 in volume, two projects and artists whose teams are no longer moving forward: Niftymoji and Bitartwork. While Niftymoji can still be traded on various marketplaces, they won't be used anymore unless a new developer takes over.

Avastars and Autoglyphs are two projects that build all value on the "chain". is algorithmically generated art.

Although both will upload all the metadata on the chain, Autoglyphs is the second project of Larvalabs, although Since Larvalabs' last project, it's lesser-known, but still has a strong community of collectors.

Three crypto artists Joy, Josie and Trevor Jones are already well known in the community, but this year they are Got more attention: Josie's work was tweeted by Obama, Joy got Adobe's attention, and Trevor Jones collaborated on several pieces with Jose Delbo, the artist best known for his work with DC Comics , Marvel Comics and many other well-known artists have collaborated.

Cryptograph has reached cooperation with many celebrities, such as Paris Hilton, Seth Green, Ashton Kutcher, Tom Morello, Scott Storch, Jason Momoa, Vitalik Buterin, etc., the list goes on and on is unbelievable! These celebrities and blockchain leaders all appear as "artists" and the revenue generated from the works sold on this platform will be donated to charity.


Pixelchain’s 2020 volume of 4,058 transactions amounted to $93,389, almost tied with Avastars and Trevor Jones. This project allows anyone to create a piece of pixel art in the 32x32 (or more recently 64x64) pixel space. Anyone can express their ideas freely, and then mint an NFT, which may become a new trend in 2021.

However, we can’t forget about the artists who have been talked about throughout the year and who are in today’s ecosystem is essential. Such as Pascal Boyart, Hackatao, Frenetik Void, Allota Money and the controversial Maxosiris and Robness.

There are also projects like Colorglyphs, CryptoSkulls or CryptoMorph that are represented by generative art, but it is clear that in 2020, human creation works of art make up the vast majority of this ranking.

These 26 projects and artists totaled $711,774 for the year.

The aforementioned 34 projects alone accounted for $3,202,271 of the total sales of $3,486,350 in sales for the 190 projects and artists.


The 21 artists pictured above are just the tip of the iceberg of creators floating in the NFT ocean: 3,021 of their works totaled $142,412, and don’t forget It was followed by 135 other projects with 6,692 works and a total of $284,079.

Summary

There are many other indicators that can Showcasing the health of the art-related NFT market. During 2018 and 2019, one of the dominant and one of the only ways for artists to find recognition was through trading platforms.

But now SuperRare works are too expensive, Makersplace works are getting higher and higher prices, KnownOrigin has hardly changed, Async Art only Pursue works that can interact with reality.

There are new ideas emerging every day, and even though trading platforms still dominate the industry, they are starting to show The resulting elitism does not seem to be able to meet the growing needs of users, that is, to create for art.


But it's good news for the ecosystem and artists all over the world.

-Despite a year of record network fees, we had estimated USD transaction volume for 2019 at approximately $559,403, and in 2020, that number grows to $20,156,934.
-The phrase "fight against bad luck" seems to have become the motto of many artists who see NFT as a way of life during the epidemic.

It will take a long time for the NFT ecosystem to flourish like the real world, but in 2020, People's enthusiasm and acceptance of NFT makes us optimistic about the prospects of NFT.

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