Art is a powerful example of Veblen goods, where value is driven by perception, demand, and scarcity. Take Autoglyphs, the first fully on-chain generative art collection. Six years ago, a piece sold for as little as $30, and now a single Autoglyph can command over $1 million! 🤯
@OnChainMonkey (OCM), the first 10k generative art collection on Bitcoin, is a recent example. OCM demonstrates the new concept of the fully on-chain generative art collection on Bitcoin. OCM's value, like Autoglyphs, is shaped by the holders who believe in this new conceptual art. For instance, this OCM sold recently for ~$1,500—and would have sold for more if it was listed higher!
On-chain generative art, and art on Bitcoin in general, is still in its infancy. The community of artists and collectors in Bitcoin is growing, and OCM is helping to build this new and vibrant community.💪 We're in the early days, like when Autoglyphs sold for just $200. As more diamond-handed collectors, like
@SatoshiLite, collect art on Bitcoin, the prices will inevitably rise. Right now, it's really a collectors market for art on Bitcoin! Check out works like
@harto_fr's FloraForms,
@MacTuitui's Frontline, and
@sovrnart's CENTS.🔥🔥🔥