Art Blocks’ Friendship Bracelet NFTs Amass $9.9M in 24 Hours

• Art Blocks launched a Friendship Bracelet NFT Collection that was free to mint for holders of existing Art Blocks NFTs until the claim period ended on Tuesday.
• Following the claim period, the collection quickly shot to the top of the leaderboard on secondary marketplace OpenSea.
• The collection had the highest 24-hour trading volume on OpenSea at 996 ETH (over $1.3 million) and amassed a total trading volume of 7,437 ETH (about $9.9 million).

The generative art non-fungible tokens (NFT) minted on Art Blocks have been making waves on the crypto and Web3 marketplaces. Their latest collection, the Friendship Bracelet NFTs, has been especially popular. The 38,413-piece collection was conceptualized by Art Blocks founder Erick Calderon (Snowfro) and designed by artist and Japanese Generative Art Foundation Director Alexis André. The animated artwork was inspired by the novelty bracelets shared between kids and was available to any existing holder of an Art Blocks NFT.

From late October, holders of Art Blocks NFTs were able to claim up to two tokens for free, until the claim window period closed on Tuesday. Following the claim period, the collection quickly shot to the top of the leaderboard on secondary marketplace OpenSea. As of Tuesday afternoon, the collection had the highest 24-hour trading volume on OpenSea at 996 ETH (over $1.3 million) and amassed a total trading volume of 7,437 ETH (about $9.9 million).

The collection’s success speaks to the power of NFTs and the art market, showing that the trend of buying and selling digital art is not slowing down. It also speaks to the creativity of artists, who are constantly pushing the boundaries of what is possible with NFTs. The Friendship Bracelet collection is a testament to the innovative ideas that are being explored in the NFT space.

Art Blocks has been a leader in the NFT space since its launch, and this collection is just another example of its dominance. The collection has been a hit with NFT buyers and collectors, showing that digital art is here to stay. With the success of the Friendship Bracelet collection, Art Blocks proves that it is a force to be reckoned with in the NFT market.