It’s the era of NFT on-chain collections. A fundamental dispute floor price breaks a new record. Read about it here.
Do you like nostalgic art? This collection is sure to catch your eye. A Fundamental Dispute Is A Fully Existing NFT Collection Of Generative Art in chain. And what does that mean? Basically, all of the data and code used to render the artwork lives on the Ethereum blockchain. Forever. Well, as long as the blockchain itself exists. And, the collection has been doing amazingly well since its launch. Let’s see what this NFT project is all about.
What is a fundamental dispute?
A Fundamental Dispute (AFD) is an NFT art project created by the artist Adam. Adam decided to consolidate this project on the Ethereum blockchain forever. What is the difference between this and an off-chain?
An off-chain project is stored in a separate file system off-chain. It is only traded on the blockchain. However, chain projects like AFD are entirely on the chain. The code, the data, everything.
This ensures that the NFT is always protected by the same blockchain that secures trillions of dollars in transactions. This is one of the most secure and long-lasting ways to store an NFT project online.
A fundamental NFT dispute is featureless
You read that right, this project has no readable features. So you can’t see or filter the fundamental pieces of the dispute based on features like sky, background, etc. Because? The point is that you enjoy the pieces as you would with a real sunset.
This collection is inspired by storytelling and nostalgia. Organizing this by “features” would reduce its artistic value.
“A Fundamental Dispute: A Series of Digital Sunsets Living Inside the World Computer”
Zero royalties
A collection of fundamental disputes has no royalties attached to it. Then yes. What you buy is completely yours. If you want to resell it, no one is going to make money from it. Sincerely, forever.
A fundamental dispute fades completely
A fundamental dispute was launched on February 9, 2023. The mint price was fixed at 0.12 ETH (approximately $180.22 at the current ETH rate). And the entire supply sold out the same day! According to icytools data, almost half of the miners only minted 1 NFT per wallet. However, 55.3% were able to mint 2 to 3 per wallet.
Also, a fundamental dispute mint source on icytools shows that there were different gas rates. Some wallets paid more gas fees (in red) than others. There were also some people who tried to mint but failed because the collection sold out pretty fast.
The minimum price shoots up to 2.59 ETH
After minting, the AFD floor skyrocketed to 2.59 ETH (approximately $3,800 per ETH rate at the time of writing) on February 11. That’s a 95.36% increase in just two days! Now the minimum price has returned to 1.04 ETH on the secondary. And, so far, the project has accumulated 1 THOUSAND ETH in sales on OpenSea!
But what happened to cause such a crazy jump? First of all, after the mint, the incumbents began to take a close look at the details of the project. And they found an Easter egg that blew people away. So NFTs are unique and generated, yes?
One more thing. The website noted that there is a way for the collection to “evolve and mature over time.”
What does that mean? Well, the contract contains a function to “dispute” or re-roll the seed, and therefore the piece. This makes the entire collection even more unique.
They have included a “dispute” feature, which in short allows collectors to reroll the seed into a piece they have. The contract limits this to only being allowed once every ~7 hours, and up to a total of 218 times across the entire set. pic.twitter.com/1BJLydD2Wo
-sub (@subliminoid) February 10, 2023
What do people think about a fundamental dispute?
In fact, a fundamental dispute has won the hearts of the people. There are so many positive conversations about the project online.
Found a pivotal dispute that it really vibes with 😍 @generativelight @party this is a chain masterpiece 🔥 pic.twitter.com/6t9eUrOT50
— aka Stevey (🥃,🦉) (@akastevey_) February 10, 2023
Other projects by the same artist
If you’re a fan of this type of fundamental dispute art, we’ve got good news for you. The artist already has another collection launched: Folded Faces. Launched in May 2022, the collection has garnered 53 ETH in sales on OpenSea!
It’s abstract art and completely chained too! The art plays with the noise of multiple deformations to create infinite and abstract folded faces. Its minimum price is 0.3556 ETH (approximately $534.05 for the ETH fee at the time of writing) on OpenSea if you want to get one.
Let us know what you think of this art style!
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