Art Blocks Strengthens Ecosystem with Sansa Purchase

Art Blocks, the digital art company, has strategically acquired NFT marketplace Sansa to expand its ecosystem and create a dedicated space for generative art.

We’re thrilled to announce that we have acquired @sansaxyz! 🎉Bringing Sansa’s secondary market and collector experience into the Art Blocks family allows us to continue building on our vision by establishing a more robust ecosystem to serve creators and collectors. 🌐✨

— Art Blocks (@artblocks_io) January 31, 2024

In a statement that accompanied the announcement, Art Blocks creator and CEO Erick Calderon stated, “I have been eager to see Art Blocks lean into the breadth of what has been released on the platform for a long time.” 

Additionally, he stated that they plan to improve the coherence of collectors’ collections and expand the avenues through which producers can share their work inside the Art Blocks ecosystem.

He stated, “We were born out of a pure passion for the generative medium and we will continue to build out towards the best possible creator and collector experience we can think of with a bright future for individual expression in mind.”

Since its founding in November 2022, Sansa has grown to include a broad spectrum of digital art, artists, and galleries. Its initial focus was on generative art and Art Blocks. 

Collectors can browse an art selection that has been carefully chosen after artists are screened through an application process. More than 1,300 artworks have been bought on the marketplace since its introduction, bringing the total sales to almost $2.2 million.

Erick ‘Snowfro’ Calderon established Art Blocks in 2020 to serve as a hub for the interaction of artists and collectors.

Calderon’s “Chromie Squiggles,” Tyler Hobbs’ “Fidenza,” and Dmitri Cherniak’s “Ringers,” one of which sold for $6.2 million at a Sotheby’s auction last year, are among the top NFT art projects within the Art Blocks ecosystem.

Art Blocks launched its own NFT marketplace with enforced creator royalties in March 2023. The business’s acquisition of Sansa is the first of several enhancements that the company plans to release in 2024.

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2024-01-31 20:52