The Floor Price #24

“All things entail rising and falling timing. You must be able to discern this.”

• Miyamoto Musashi

Following in the footsteps of “The Price of Oil,” this series of minimalistic illustrations of geometric floors is a generative art experiment and commentary exploring the interplays of art + technology + investment + gambling we find ourselves in. The obsession with floor prices in the NFT community is a reflection of the speculative nature of the market; many buyers are not purchasing because they appreciate the artwork or believe in the artist’s vision, but rather because they see it as a potential investment opportunity. In this sense, NFTs are often treated more like stocks than art.

The floor price, as always, will be in the hands of the market. The opening cost will be 1 xtz (half the current floor of The Price of Oil), but will change once randomly every 24-48 hours to match the current floor price on the fx(hash) secondary market once pieces are listed. Also, with a starting supply of 999, each time the price is updated, a random number will be rolled between 0 and half the number of remaining editions, and that number of editions will be burnt.

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Created by fauxjebus with p5js in 2023.
Follow me on twitter or instagram @fauxjebus

Press S to save a png image.

Created by fauxjebus with p5js in 2023.
Follow me on twitter or instagram @fauxjebus