ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

1,256 Colored Shape NFTs Just Sold Out In One Hour

By: PRLog

The surprisingly simple NFT collection that caught everyone's attention

IRVINE, Calif. - Oct. 27, 2021 - PRLog -- Mixart.io today announced the overwhelmingly successful launch of "One Shape. One Color" NFT Collection. The collection was a social experiment to determine if the world's most minimal NFT collection can spark interest and stir up the NFT community. One hour and a few minutes after launching their NFT minting, the entire collection was sold out.

Amazingly, this project was put together in only a few days. NFT artist Mick Gow posted a TikTok showing his process, and it went viral with over 120,000 views overnight. Comments came streaming in, one person saying "What do I have to do to get that red square" and another "where can I buy one?".

"I asked myself, what's the most simple (or dumb) concept I can come up with, because sometimes those ideas are the most thought provoking," says Mick Gow. The collection contains 1,256 unique items, programmatically created combining one shape and one color. While the concept is supposed to be "dumb", it certainly is an interesting social experiment. It raises the question how much would NFT art collectors value one shape in one color, with no value other than bragging rights. The collection is based on the concept that the most common primary shapes (squares, circles, and triangles) and the three primary colors (red, blue, and yellow) are the most sought after, hence the most rare in the collection.

The One Shape One Color website is quite satirical, with phrases like "Years in the making" and "Is it art? Is it beautiful? Does it have a deeper meeting? No, it's just colored shapes." This project could be compared to DOGE Coin, and may just be a new genre of meme NFTs - where they outwardly make fun of themselves.

Once in the hands of collectors, it will be interesting to watch the collection grow as it gets traded. While it's difficult to imagine success the size of Crypto Punks, breaking the rules is commonplace in NFTs. More information can be found at https://mixart.io/one where the project launched and are now trading via OpenSea at https://opensea.io/collection/oneshapeonecolor

Contact
Mick Gow
***@gmail.com

Photos: (Click photo to enlarge)

One Shape One Color NFT Collection

Read Full Story - 1,256 Colored Shape NFTs Just Sold Out In One Hour | More news from this source

Press release distribution by PRLog

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.