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Generative art NFT platform fxhash announces a new feature that “enables collectors to collaborate in the creative process.” Entitled fx(params), the functionality allows artists to designate certain parameters (e.g. colour, geometry, velocity) within their code as adjustable for primary market buyers. Instead of leaving an NFT’s appearance entirely to chance, the collector can tweak the artist’s system to their liking before minting their copy (image: fx(params) interface for 1mpo$ter’s Smash, 2023).

“It almost doesn’t matter what the market is doing … if crypto’s down—great—everything’s on sale.”
– Pseudonymous NFT collector and Waiting To Be Signed co-host Trinity, opining that as the “generative art community starts to separate itself from Web3,” the Tezos NFT ecosystem will flourish (“because it’s such a non-financialized chain”)

A hotspot in the Tezos NFT ecosystem, generative art marketplace fxhash emerges from beta. Version 1.0 boasts more robust architecture and speedier page updating (latency plagued past popular mints), and the new smart contract allows royalty splits between collaborators and Dutch auctions (which gives collectors better access to the primary market and discourages scalpers). “We’ve applied a global layer of polish across the whole website,” the fxhash team notes.

Computational artist Karsten Schmidt proposes a less random NFT minting process, to increase control over generative works. “Instead of a slot-machine ‘mint now’ button collectors get to choose parameters from a pool,” he tweets of his idealized system. Freshly-minted himself, Schmidt’s analysis draws on his first NFT drop (image: De/Frag, 2021). “Once a design trait is exhausted it will be removed by the contract,” he notes, looking out for artists and collectors alike.

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