Solana will Introduce NFT known as Generative Art with Code Canvas
The group responsible for Exchange. Art, a digital fine art marketplace that operates on the Solana blockchain, announced Wednesday they are launching an NFT platform focused on generative art.
Code Canvas is a platform that will enable users to create and exchange non-fungible tokens (NFTs) based on generative art on the Solana blockchain. This service is analogous to Art Blocks, which operates on the Ethereum blockchain and facilitates both primary releases of NFTs as well as secondary trading of Solana-based generative art NFTs.
Adam Karren, the head of product at Code Canvas, expressed his enthusiasm for bringing generative art – a type of art originating in the 1900s which has been revived with blockchain technology – to the ever-expanding Solana NFT environment.
“We’re super-excited because there’s just such a robust pipeline of artists that are wanting to come [to Solana] for various reasons. Affordability to actually mint on-chain, speed and user experience are top of mind.”– Karren
Karren expressed his wish to attract creators of art who are based in the Ethereum and Tezos digital art worlds. The platform’s initial two collections will be unveiled by Tezos-based generative artist Leander Herzog on March 8, with a further release from StudioYorktown on March 22.
Code Canvas seeks to reward creators and their dedicated followers with CoCa passes, which offer a lifelong opportunity for them to acquire NFTs and utilize minting services.
“We’re trying to really help the artist win and help the collectors and support those artists because we’re not we’re not trying to make this a speculative asset. We’re really trying to create a more committed community and a more committed collector base.”– Karren
Code Canvas has declared its support for creators and their right to receive royalties, which has been a major topic of discussion lately. In response, Exchange. Art developed a royalty-protection system in November to ensure that creators can track and secure their royalty payments even if the artwork is sold on secondary markets.