QQL dropped on Sept. 28 and sales of its “mint pass tokens” raised a cool $17 million.
Hobbs’ new project QQL raised $17 million by selling mint pass tokens, giving holders a hand in helping mold one of 999 NFTs.
Those people really aren’t going to like the latest project from Tyler Hobbs, one of the superstars of the genre. It’s almost as if he designed it to troll them.on Sept. 28. At 14 ETH each , sales of QQL’s “mint pass tokens” raised a cool $17 million. It must boggle the minds of critics. These pieces aren’t simply the spawn of machine entropy, they in factHobbs said he’s had people express the view that QQLs, because of their collaborative design, may not sell for as much as, say, Fidenzas — his smash-hit collection that has“But sales price is not really the primary metric that I was interested in for this project, so that didn’t really matter too much to me,” he said.
“We really want them [QQL holders] to be recognized for their contribution. Many of these people have spent many, many hours actually deeply involved with the algorithm, exploring it and developing their taste before they mint,” Hobbs said.The rise of generative art has been difficult to disentangle from a corresponding surge in speculative NFT investment. It seems as though Hobbs sees the QQL model as a kind of antidote.
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