Chromie Squiggle #9027 - Accelerate Financial Technologies

Chromie Squiggle by Snowfro

Digital Art

10 ETH ( US$ 13,750)

9,672

40 ETH (US$ 55,000)

96,720 ETH (US$1 33 million)

300%

Highly Speculative

Executive Summary

Chromie Squiggles (“Squiggles”) are the first-ever on - chain generative art
project that used a transaction hash to generate the variables that
determine the art. They are also the first project on the popular, Art Blocks
platform. Art Blocks is regarded as the mo st prominent platform for the
Digital Art segment of NFTs. The provenance of being the first project on
the platform results in a level of floor value to the asset that can be helpful
in ensuring long - term value for the collection. As such, the Squiggles b rand
and “logo” is now synonymous with Art Blocks.

Chromie Squiggle #9027

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Franchise Overview

Enabled by blockchain technology, generative art is an emerging segment within the non-fungible token (“NFT”)
asset class with tremendous growth potential. At the center of the growth is Art Blocks, an online platform which
curates and releases projects from the world’s most prominent digital artists. Art Blocks has generated $135
million1 for artists in initial sales. Furthermore, it has enabled secondary sales totalling over $1.2 billion2, providing
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additional royalties to artists. In total, Art Blocks projects accounted for 9% of the total art market in 2021.

Art Blocks was launched in 2020 by Erick Calderon, aka Snowfro. The platform’s primary differentiator is that all
projects are required to lock their algorithm once deployed, ensuring any art generated is completely unique. This
process is a paradigm shift versus other generative art, as previously, artists would only accept the best outcomes.
As a result, only the finest algorithms are accepted, and the outputs are more valuable due to the true
randomness of the procedure.

Art Blocks also solves many other issues for both artists and buyers. It simplifies a highly technical process to
release generative art on the blockchain. It provides strong curation practices to ensure that only the best, most
innovative projects are approved on the platform. Art Blocks also maintains a highly engaged community and
provides a significant social impact, donating $45 million to charity in 2021.

Investing in Art Blocks projects has tremendous long-term upside potential, driven largely by the historical
narrative of being some of the first generative art projects to be released on a blockchain. In addition, demand for
generative art is expected to grow substantially as new, prominent artists emerge and users transition into an
increasingly digital world. As a result, there are many projects worth evaluating, with some of the most prominent
being: Chromie Squiggles, Ringers, Archetype, and Fidenza.

Art Blocks Platform Overview

Art Blocks Platform Overview

Generative art is a new category of art in which artists use computers to intentionally introduce randomness as
part of the creation process, producing both expected

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