Larva Labs’ Quine Auction Raises $14 Million, Underscoring Ethereum’s Role in Generative Art

The auction for Larva Labs’ Quine series concluded with a remarkable success, raising a staggering $14 million. The sale of each NFT, fetching 7.56 ETH at a price of approximately $31,000, represents a significant milestone in the world of generative art on Ethereum. This event underscores Ethereum’s pivotal role within the NFT market, as evidenced by the explosive secondary sales and influential creators like Larva Labs solidifying their legacy in digital art. The auction, hosted by Art Blocks, saw 477 Quine NFTs distributed, highlighting the platform’s impact on generative art.