Part 1: Avid Lines
Fingerprints DAO started primarily as a collective collection. We started with Autoglyphs and then expanded into collecting blockchain art — art using the blockchain as a medium.
However, at some point ideas stated to stir in the DAO. How can we use our collection to build something else? Would there be a place for Fingerprints as a producer of art and not only as a collector? You can check the original thread in our Discord
The first idea that got more traction was an idea to use Autoglyphs as “generators” for other artwork. Anonymous generative artist Arihz, creator of Framergence and Pulsquares and Fingerprints member decided to take on the project.
The idea was to create an experiment about composability in NFTs. Pieces were generated on mint, using instructions from Autoglyphs plus some randomness.
Autoglyphs were chosen because they're the first and most important generative art project, fully contained on-chain, which allows deeper composability.
The owners of the original glyphs were asked to whitelist them to participate in the experiment, and shared the revenue of the mint with the artist and the DAO. We got a lot of the OGs to participate, including owners of the rare type 10 glyph (only 8 exist) like zoink.eth and Flamingo DAO
Some glyph owners decided to add some benefits if people chose to mint with their glyph as generator, like raffles or donations to charity
Mint days are always exciting (and tense) days for a project. It’s the moment of truth. The Avid Lines mint was a success by any standard.
The mint ended in less than 4 minutes. Reviews post mint were generally great for the project.
Avid Lines went on to do close to 5k ETH in secondary volume, and currently floor is 2.39 ETH.
As it happens with most NFT Art projects, the hype period dies down over time, and we can see that happening with secondary trading. While 2.39 ETH is higher than mint price, its still far from the ATH of over 20 ETH.
The main challenge is to keep the relevance of a project over time. I believe telling the story of how and why it happened is one way to do it.
There were a lot of lessons from this project from Fingerprints’ standpoint. Maybe the main one was the glimpse at the possibility of DAO-led art projects, and the idea that Fingerprints could go beyond its role of a collector and into art production.
But I’ll discuss other projects, lessons and mistakes another day.
See you tomorrow.