The CEO says it is not just the NFTs themselves that are works of art. Pixlr itself is one of the world’s most popular design and photo-editing ecosystems, and data is also drawn from its own in-house designs. Pixlr Genesis’s art is generated by an algorithm that was given data sets spanning classical and contemporary styles and artists, including Impressionism, Cubism, Van Gogh and Warhol. But the important issue is where the community gravitates to, and where the potential buyers come from, and in the case of NFTs, the premium blockchain that everyone looks towards is Ethereum.”Ī mock up of three exhibition posters at a gallery - Photo: Pixlr Genesis Classical and contemporary inspiration “Now you have other people who are also minting on other platforms and blockchains, such as Solana or Binance blockchain. So, because of their early mover advantage and the fact the greatest concentration of capital can be found in those two networks, that is where things will get preserved more in terms of value. “If you look at the marquee blockchains and cryptocurrencies, number one is Bitcoin and number two is Ethereum.
The Ethereum blockchain powers Pixlr’s NFT network and Kuala Lumpur-based Leow says this is because that is where the greatest concentration of both capital and community can be found.
A sample artwork from the collection - Photo: Pixlr Genesisĭespite the emergence of so-called Ethereum killer blockchain networks such as Polygon and Solano, Ethereum is still the first choice for minting non-fungible tokens ( NFTs), says the CEO of the firm behind decentralized art gallery Pixlr Genesis.Ĭryptocurrencies such as solana and polygon have seen their value rocket this year as the blockchain technology that underpins their networks is faster and cheaper than the second largest digital currency, leading them to be dubbed Ethereum killers.īut according to Warren Leow, CEO of Inmagine, the company behind Pixlr Genesis, a 100% decentralized NFT-based art gallery, with an inaugural collection of 10,000 AI-generated art pieces, Ethereum remains the blockchain of choice for NFTs.
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