NFT
The team behind Solana-based digital fine art marketplace Exchange.Art said Wednesday they are releasing a generative art non-fungible token (NFT) platform.
Called Code Canvas, the platform will allow creators and collectors to mint and trade generative art NFTs on the Solana blockchain. Similar to flagship Ethereum-based generative art platform Art Blocks, Code Canvas will curate primary drops, as well as secondary sales of Solana-based generative art NFTs.
Adam Karren, chief product officer of Code Canvas, told CoinDesk he’s excited to bring generative art, an art form born in the 20th century that’s been revitalized through blockchain technology, to the growing Solana NFT ecosystem.
“We’re super-excited because there’s just such a robust pipeline of artists that are wanting to come [to Solana] for various reasons,” said Karren. “Affordability to actually mint on-chain, speed and user experience are top of mind.”
Karren said he’s hoping to court artists native to the Ethereum and Tezos fine art ecosystems. The platform’s first two collections will be released by Tezos-native generative artists Leander Herzog on March 8, followed by a drop from StudioYorktown on March 22.
Additionally, Code Canvas aims to reward creators and their loyal fans though CoCa passes, which grants holders lifetime access to NFT drops as well as minting services.
“We’re trying to really help the artist win and help the collectors and support those artists also win because we’re not we’re not trying to make this a speculative asset,” said Karren. “We’re really trying to create a more committed community and a more committed collector base.”
Code Canvas also plans to enforce royalties on Solana, standing with creators and their earnings. In the heat of the royalty debate in November, Exchange.Art created a royalty-protection standard in order to help creators carry their royalty payments across secondary sales.
See Also: OpenSea Goes Zero-Fee, Creator Royalties Optional
