10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

fx(hash) – Art Is Evolving – An NFT Platform That Enables You To Launch A Generative Art Series On Tezos

fx(hash) simplifies the launch of a generative NFT series on Tezos. Creating a generative art series on blockchain always takes some coding knowledge though.

fx(hash) is a platform that allows users to create a generative art series using html/css/javascript.

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Generative Art

Generative art is art that in whole or in part has been created with the use of an autonomous system. This means that within certain preset boundaries, but without further human guidance, random outputs of art are generated. 

We can make a distinction between abstract generative art and more character-based generative art. Abstract generative art is mostly created through an algorithm that follows a pattern of shapes, lines and/ or colors to generate an art series.

Character-based generative art follows a basic character and changes the character slightly per edition. Usually, certain repetitive perks that vary in scarcity levels are added randomly throughout the series. This creates a way to rank the final series of characters on scarcity level.

We’ve seen a number of successful generative art NFT series on Tezos. Examples of well known generative art projects on Tezos so far are TezzardsPRJKTNEON , and Randomly Common Skelles.

It’s common practice that when these series are sold for the first time, the price is the same amount per piece and collectors can’t see in advance what their NFT looks like. After the sale of a limited number of editions is concluded, a release date is announced on which all NFT characters are revealed. 

fx(hash)

fx(hash) simplifies the launch of a generative NFT series on Tezos. Creating a generative art series on blockchain always takes some coding knowledge though.

fx(hash) is a platform that allows users to create a generative art series using html/css/javascript. The NFTs are stored on the Tezos blockchain. You can find the user guide here.  

fx(hash) is currently in beta. During the beta, the platform minting contract will only be opened 50% of the time. This gives the servers some breathing room to process the mints and release some stress.

Currently, fxhash opens everyday at 11am CET and closes at 11pm CET. This schedule may slightly change. 

fx(hash) also allows collectors to buy and sell the NFTs on a marketplace. The marketplace is open 24/7. 

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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