With its “generative” NFT minting, Tezos attracts collectors to Art Basel Miami.

On Tuesday, a “generative” NFT created on the Tezos blockchain was available for serious art collectors who were known to attend the opening day of the Art Basel Miami Beach fair.

Visitors to the Tezos exhibit at the exclusive fair could start production of an algorithmic NFT designed by Tyler Boswell, DistCollective, or Ivona Tau by scanning a QR code at the exhibit.

The entire process takes around two minutes, and after the work is swiftly delivered to the visitor’s wallet, a sizable screen is displayed along with details about the rarity of the work.

Only 2,500 of the NFTs would be issued during the week-long fair, according to Blokhaus founder Mark Soares, who collaborates with Tezos on the project. In an interview at the exhibition titled “Performance in Code: Deciphering Value in Generative Art,” he claimed that similar NFTs produced at other fairs in Hong Kong and Paris have been resold on the secondary market for hundreds of dollars.

Tezos has always been positioned differently in the market, according to Soares. “With Tezos, we like to highlight this genuine art movement that does exist in blockchain technology but is, quite frankly, intended to be overshadowed by any potential candy-coated hype collections. Although PFP NFTs frequently predominate the narrative, there is more to NFT art than just those.”

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He claimed that the exhibit, created in association with the art marketplace fxhash, was intended to attract serious art buyers to the Tezos blockchain.

We’re still in the curious stage, he declared.

I actually spoke with the fxhash team, and they told me that this month was their busiest ever in terms of sales. The more chaos there is, they claim, the better they do.

Throughout the week, a conversation series at Art Basel will feature prominent artists from the Tezos ecosystem and “will examine the merging of generative art algorithms and blockchain technology.”