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Art Blocks, the digital art company, has strategically acquired NFT marketplace Sansa to expand its ecosystem and create a dedicated space for generative art.
In a statement that accompanied the announcement, Art Blocks creator and CEO Erick Calderon stated, âI have been eager to see Art Blocks lean into the breadth of what has been released on the platform for a long time.âÂ
Additionally, he stated that they plan to improve the coherence of collectorsâ collections and expand the avenues through which producers can share their work inside the Art Blocks ecosystem.
He stated, âWe 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.â
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.Â
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 âSnowfroâ Calderon established Art Blocks in 2020 to serve as a hub for the interaction of artists and collectors.
Calderonâs âChromie Squiggles,â Tyler Hobbsâ âFidenza,â and Dmitri Cherniakâs âRingers,â one of which sold for $6.2 million at a Sothebyâs 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 businessâs acquisition of Sansa is the first of several enhancements that the company plans to release in 2024.
Also Read: GameStop Shuts Down Its NFT Marketplace
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