Collaborative Generative Art NFT QQL Raises Nearly $17M With Auction of Its Mint Pass

According to CoinDesk, the collaborative generative art experiment project QQL raised nearly $17 million through a Dutch auction of its 900 NFT mint passes (QQL Mint Pass), with each pass priced at about 14 ETH. According to Nansen's data, the project's 24-hour secondary transaction volume surpassed that of blue-chip projects such as CryptoPunks and Bored Ape Yacht Club, ranking first, with a transaction volume of over 15,847 ETH (approximately $20.98 million) as of the date of publication. QQL was jointly launched by NFT project visual artist Tyler Hobbs and co-founder of generative art platform Archipelago Dandelion Wist. The project allows NFT collectors to act as co-creators of artwork through the QQL algorithm. The QQL algorithm is open to everyone, but only other Forge pass holders are required to turn their creations into official NFTs in the collection.