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Art Blocks Revives with Major Sales Following Sotheby's 3AC Auction

Art Blocks is experiencing a resurgence in popularity, with transaction volumes reaching levels not seen since the bear market. On May 22, Art Blocks achieved over $1 million in trading volume, with major sales including Ringers #30 and a 370 ETH Fidenza sale. The influx of activity is primarily driven by popular collections such as Chromie Squiggles. The recent Sotheby's Grails auction, which included sales of Fidenza #725 and Autoglyph #187, has contributed to the positive momentum and increased recognition of digital and generative art. Additionally, Art Blocks has announced a new project called Prohibition, which aims to make generative art accessible to everyone and will be deployed on Arbitrum. These developments have stimulated interest and demand in the NFT market, reinforcing market confidence.

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