It’s the era of on-chain NFT collections. A fundamental dispute floor price breaks a new record. Read about it here.
You’re into nostalgic art? This collection will surely catch your eye. A fundamental dispute is a generative art NFT collection existing fully on-chain. What does that even mean? Basically, all of the data and code used to render the artwork is living on the Ethereum blockchain. Forever. Well, as long as the blockchain itself exists. And, the collection has been performing incredibly well since its launch. Let’s see what this NFT project is all about.
What Is A Fundamental Dispute?
A Fundamental Dispute (AFD) is an NFT art project created by the artist Adam. Adam decided to solidify this project on the Ethereum blockchain forever. What’s the difference between this and an off-chain?
An off-chain project is stored on a separate file system outside of the blockchain. It is only traded on the blockchain. However, on-chain projects like AFD are in their entirety on the chain. The code, the data, everything.
This ensures that the NFT is always protected by the same blockchain securing trillions of dollars in transactions. This is one of the most safest and durable ways to store an NFT project online.
A Fundamental Dispute NFT Has No Traits
You read that right, this project has no legible traits. So, you can’t view or filter a fundamental dispute pieces based on traits like sky, background, etc. Why? The point is for you to enjoy the pieces the same way you would a real sunset.
This collection is inspired by storytelling and nostalgia. Organizing this by “traits” would lower its artistic value.
“A Fundamental Dispute — a series of digital sunsets living inside the world computer”
A fundamental dispute collection has no royalties attached. So, yes. Whatever you buy is entirely yours. If you want to resell it, no one is going to make money on that. Yours, truly, forever.
A Fundamental Dispute Fully Mints Out
A fundamental dispute launched on February 9th, 2023. The mint price was set for 0.12 ETH ( approx $180.22 per the current ETH rate). And, the entire supply was sold out on the same day! Per the data by icytools, almost half of the minters only minted 1 NFT per wallet. However, 55.3% were able to mint 2 to 3 per wallet.
Moreover, a fundamental dispute mint feed on icytools shows that there were different gas fees. Some wallets paid more gas fees (in red) than others. There were also some people who were trying to mint but failed as the collection sold out pretty fast.
Floor Price Shoots Up to 2.59 ETH
After minting out, the AFD floor price shot up to 2.59 ETH (approx $3.8K per the ETH rate at the time of writing) on February 11th. That’s a 95.36% increase in just two days! Now the floor price is back to 1.04 ETH on secondary. And, so far the project has bagged 1 THOUSAND ETH in sales on OpenSea!
But, what happened to cause such an insane jump? First of all, after mint, holders started to look closely at the project’s details. And, they found an easter egg that blew people’s minds. So the NFTs are unique and generated yeah?
One more thing. The website noted that there is a way for the collection to “evolve and mature over time”.
What does that mean? Well, the contract contains a function to “dispute” or re-roll the seed, and therefore the piece. This makes the entire collection even more unique.
They’ve included a “dispute” function, which in short allow collectors to re-roll the seed on a piece that they hold. The contract limits this to only be allowed to happen once every ~7 hours, and up to a total of 218 times across the entire collection. pic.twitter.com/1BJLydD2Wo
— sub (@subliminoid) February 10, 2023
What Do People Think About A Fundamental Dispute?
A fundamental dispute has indeed got people’s hearts. There are so many positive talks about the project online.
Found a Fundamental Dispute I really vibe with 😍 @generativelight @frolic this is an on-chain masterpiece 🔥 pic.twitter.com/6t9eUrOT50
— akaStevey (🥃,🦉) (@akastevey_) February 10, 2023
Other Projects by the Same Artist
If you’re a fan of this a fundamental dispute type of art, we got good news for you. The artist already has another launched collection: Folded Faces. Launched on May 2022, the collection has made 53 ETH in sales on OpenSea!
It is abstract art and also fully on-chain! The art plays with multi-warped noise to create infinite, abstract folded faces. Its floor price is 0.3556 ETH (approx $534.05 per the ETH rate at the time of writing) on OpenSea if you want to get one.
Let us know what you think about this style of art!
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