17/09/2021 Zilliqa's NFT ecosystem heats up as its latest collection 'The Bear Market' breaks the bullish $1m sale milestone in less than 24 hours.

SINGAPORE, Sept. 16, 2021 /PRNewswire/ -- Newest addition to Zilliqa's non-fungible token (NFT) ecosystem, "The Bear Market", recently broke sales records for the public blockchain in just under 24 hours of going live. The NFT collection — cheekily coined "The Bear Market" — boasted over $1 million in sales, the highest of any NFT collection on the blockchain platform thus far.

The Bear Market is a collection of 10,000 programmatically-generated digital art pieces of bears that can be minted by users on the Zilliqa blockchain. Also known as generative NFTs, the collection was launched as a commemorative piece by Switcheo Labs in partnership with Zilliqa to celebrate the upcoming launch of the Zilswap NFT marketplace. The sale began on 15 September 2021 at 8AM UTC and is set to run for 48 hours. Within a day, more than half the available pieces were snatched up by the Zilliqa community.

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Amrit Kummer, President at Zilliqa, said: "The recent NFT boom has made waves not just within the crypto realm, but is instead quickly becoming mainstream. This phenomenon is also gaining traction on Zilliqa, as its highly scalable nature allows for much lower network fees compared to incumbents like Ethereum. The strong showing from NFT launches such as The Bear Market has been supported by a wider audience that have been previously priced out."

Ivan Poon, co-founder of Switcheo Labs, said: "The support we've received from the Zilliqa community has been overwhelming. We could not have asked for a warmer reception, and we are committed to supporting Zilliqa users with critical infrastructure through upcoming projects such as the Zilswap NFT marketplace, cross-blockchain bridge and more".

One of the pertinent pillars of success for NFT collections is having an active community to support the project, and The Bear Market looks to be headed in the right direction. According to LunarCRUSH, a cryptocurrency social listening platform, Zilliqa topped the charts and took the spot for being the Coin of the Day on 15 September, the same day The Bear Market was launched. Zilliqa saw a 47.4% increase in social engagements with over 11 million engagements on social media, and a 68.2% increase in social mentions. 

The Bear Market sale is still ongoing at https://thebear.market and can be purchased for 2,000 ZILs.

About The Bear Market NFT Collection

The Bear Market is a collection of 10,000 digital art pieces minted as NFTs on the Zilliqa blockchain. Each NFT in the collection has unique traits that are programmatically generated in a fair and random manner to form a final digital image. This collection was created by Switcheo Labs to commemorate the partnership with Zilliqa, as well as the upcoming launch of ZilSwap's NFT marketplace.

About Zilliqa & ZilSwap

Zilliqa is a high-performance scalable public blockchain platform based in Singapore. ZilSwap is a fully on-chain decentralized application running on Zilliqa. ZilSwap acts as a core tenet of infrastructure on Zilliqa, allowing its users to perform critical actions such as the swapping of tokens and provision of liquidity.

Contact: Lynn Choy, Email: [email protected], Phone: +6598564074

Arts

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Interesting NFTs
Genesis
José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
Songcoin
A character from The Beacon
Fidenza #547
Fidenza is by far my most versatile algorithm to date. Although the program stays focused on structured curves and blocks, the varieties of scale, organization, texture, and color usage it can employ create a wide array of generative possibilities. Additional project feature(s) => Scale:Jumbo, Turbulence:Med, Colors:Luxe, Have Margin:No, Spiral:No, Soft Shapes:No, Super Blocks:Yes, Collision Check:No Overlap, Outlined:No, Shape Angles:Curved, Density:High
The Rare Pearl Moon with Motion
Motion Version Part of my moon series. This super rare pearl moon has just washed ashore on a remote tropical island beach, fining one of these rare Jems is like a total worldly treasure! These moons, only fall to earth once in a few million years! When I found this one I felt the luck that is said to come with this pearl moon.
#77075
By OthersideDeployer