Deadmau5 scores crypto-art stored on Ethereum
Ethereum-powered marketplace Nifty Gateway is this week auctioning new collaborative crypto-art scored by house producer Deadmau5.
Cyberpunk artist Mad Dog Jones provided visuals for the Hypervision collection, with each work backed by 30 seconds of Deadmau5 electronica.
Hypervision contains two “open” editions (Lotus Train, Dead Ramen) and two “closed” editions (Park Place, Block Heater).
Distributing NFTs via open editions means new copies are made on request for a short period of time — which caps them based on demand. Closed editions have a pre-determined size.
In any case, each work runs in a limited series. Every copy is a unique “Non-Fungible Token” (NFT) stored on the Ethereum blockchain to be traded for ETH or fiat on marketplaces like Nifty Gateway.
Closed edition Park Place was run just five times and sold silently with a $5,000 minimum bid. Block Heater was made just once, and boasts a $20,000 top bid at press time.
[Read more: Rick and Morty creator to auction crypto art for Ethereum]
As for the open collections: there exists 148 copies of Lotus Train and 67 of Dead Ramen.
- Primary sales raised more than $200,000.
- Lotus Train listed at $699, resells for $1,170 on average.
- Dead Ramen listed at $2,500, resells for $4,206 on average.