On-chain generative art refers to artwork created and stored directly on a blockchain. These pieces are generated through algorithms, combining programming with creative design. The art is not just linked or referenced; it exists entirely within the blockchain, making it immutable and decentralized.The process typically involves code that determines how the art is created. Artists write algorithms that govern aspects like color, shape, and movement. Each execution of the code can yield a unique result, allowing for endless variations.By being on-chain, generative art holds advantages like verifiable ownership and provenance. Buyers can confidently trace the art’s history and authenticity since each piece is tied to a specific blockchain address. This transparency fosters a new level of trust between creators and collectors.Platforms supporting on-chain generative art often allow artists to mint their creations as non-fungible tokens (NFTs), further enhancing market potential and engagement. Collectors value these works not only for their aesthetics but also for their unique qualities as blockchain-native assets.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes