Art Blocks acquires NFT marketplace Sansa to enhance its ecosystem and establish a premier destination for generative art.
The move aims to provide a cohesive experience for collectors and artists, with over 1,300 artworks already sold on Sansa totaling over $2.2 million.
Erick Calderon, CEO of Art Blocks, emphasizes the expansion of creative release avenues within the Art Blocks ecosystem, marking a significant stride in the digital art community.
Art Blocks, a notable player in the digital art arena, recently announced its acquisition of the NFT marketplace Sansa. This move marks a significant step for Art Blocks in enhancing its ecosystem and creating a dedicated space for generative art enthusiasts. Erick Calderon, the founder and CEO of Art Blocks, expressed his enthusiasm for this expansion, highlighting the company’s commitment to broadening the ways creators can release their work within the Art Blocks ecosystem. This acquisition aims to offer a more cohesive experience for collectors and artists alike.
Since its inception in 2020, Art Blocks has been a driving force in the generative art space. Calderon, also known as Snowfro, has brought together artists and collectors through this platform. Art Blocks is celebrated for hosting leading NFT art projects, such as Calderon’s “Chromie Squiggles,” Tyler Hobbs’ “Fidenza,” and Dmitri Cherniak’s “Ringers.” The latter notably fetched $6.2 million at a Sotheby’s auction last year.
Meanwhile, Sansa, founded in November 2022, has rapidly made a name in the digital art world. Initially focusing on generative art and Art Blocks, Sansa has broadened its scope to encompass diverse digital art forms. The platform has gained attention for its curated approach, allowing collectors access to a vetted selection of artworks. Since its launch, Sansa has seen over 1,300 artworks sold, with total sales exceeding $2.2 million.
Integrating Sansa into the Art Blocks family is not just a business maneuver but also a cultural fit. Both companies share a deep-rooted passion for generative art and a commitment to enhancing the creator and collector experience. This acquisition promises to enrich the digital art community, offering new artistic expression and collection avenues.
In March 2023, Art Blocks launched its own NFT marketplace with a unique feature of enforced creator royalties. The acquisition of Sansa is the first in a series of strategic developments planned by Art Blocks for 2024. This move signals a new chapter for Art Blocks as it continues to innovate and lead in the ever-evolving digital and generative art world.