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NFT Superstar Beeple Announces Collaboration with Solana – Create Your Own NFT?

30/11/2022
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Prominent digital artist Mike Winkelmann, professionally known as Beeple, is bringing “immersive 3D NFTs” to the Solana blockchain. 

Stephen Hess, CEO of Solana NFT marketplace Metaplex Studios, announced the news on Sunday at Solana’s Breakpoint conference in Lisbon, Portugal.

“In partnership with the Render Network, we’re excited to welcome Beeple to Metaplex and Solana,” Hess announced, adding that Beeple would be “debuting the future of streaming and immersive 3D NFTs.”

Although he did not provide many details about the collaboration, a slide that accompanied the announcement revealed that users will be invited to “create your own unique NFT with a Beeple Everyday” using a “randomized set of objects and time to create with.” Although he did not provide many details about the collaboration, he did not disclose many details about the collaboration either.

Beeple is already working with Render Network, a peer-to-peer service that provides 3D rendering capacity. Beeple has worked as an adviser to the platform. Render Network was founded in 2014. Render Network gives independent developers and small studios the ability to access huge quantities of rendering power that is dispersed throughout the internet without incurring the potentially considerable costs of creating a rendering farm on their own.

The NFT Project from Beeple, Which Broke All Records

At the beginning of March 2021, the NFT project “Everyday: The First 5000 Days” by Beeple was sold at Christie’s for a staggering $69.35 million, making it the most expensive NFT ever sold and placing Beeple among the top three most valuable living artists. “Everyday: The First 5000 Days” had been in the works for approximately 13 years prior to the sale.

At Christie’s 21st Century Evening Sale in November 2021, the artist’s HUMAN ONE digital artwork sold for a record-breaking price of $28.9 million, making it the follow-up to the artist’s previous record-breaking digital artwork sale price. The work was a combination of a non-physical text element and a real sculpture.

Solana NFTs Take a Plunge

A prolonged crypto winter that has seen the value of almost all cryptocurrencies fall by more than 70% compared to their all-time highs has resulted in the daily sales volume of NFTs on the Solana blockchain reaching its lowest level in more than a year. This marks the lowest level that it has reached since the blockchain was introduced.

To be more exact, the daily sales volume of Solana NFTs has been hovering around one million dollars for the last couple of days, which is a level that has not been witnessed since the beginning of August 2021. To put that number into context, the daily sales volume of Solana NFTs hit an all-time high of more over $48 million in late August of 2021.

The development of the Proof-of-Stake Layer 1 blockchain known as the Aptos blockchain, which was dreamed up by former Meta programmers, has been suggested as a possible contributor to the waning interest in Solana NFTs.

The protocol, which seeks to attain a throughput of over 100,000 transactions per second by leveraging its own smart contract language, Move, has been viewed as a potential competitor to Solana and is hence referred to as a Solana killer.

Compiled by Coinbold

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