Gm (studio), everyone!

Today I would like to crunch the numbers behind one of the most successful curated platforms in the generative art world. They are gmStudio and are part of the gmDao, a decentralized autonomous organization.

The gmDAO is a community of NFT collectors, artists & investors created in September 2021 using a fair token distribution. Broadly speaking, the DAO was formed based on the principles of etiquette and mutual respect, making our community a haven within a typically hostile environment.

The gmDAO membership tokens grant you access to their DAO.

The distribution of the DAO tokens was quite innovative. @CyphrETH (not to be confused with FxHash - ciphrd), its founder, twitted gm for 100 days, and the first ten people who replied gm back could claim a gm token.

ℭ𝔶𝔭𝔥𝔯.Ξ𝔱𝔥 @CyphrETH

gm. Everyday for the next 100 days, I will say "gm" without fail. The first 10 people who say it back will be entitled to claim a coveted "gm." token. If no-one says it back (☹️), I will burn that day's tokens, thus making it deflationary. Let's begin opensea.io/assets/0xd07dc…

The experiment worked. The floor on each token is 3.14 Eth, it has commanded over 2,431 Eth in volume, and there are 688 owners and 847 tokens (81% unique owners), according to Open Sea data.

gmDao token sales over time. Source: Opensea.

So, what is this DAO working on? gmStudio.

A generative art platform by artists, for artists.
Our goal is to make gen art accessible and inclusive to all.
We are the world’s first community owned and managed arts platform.

gmDAO members can collect before collections are open to the public. Usually, they sell out quickly, and it is tough to get your hands on these pieces at the public sale (believe me, I’ve tried). What I find especially interesting about their system is any artist can submit their generative art collection to be reviewed by their committee and selected on artistic merit (not by name).

Factura #976 by Mathias Isaksen sold for 2.5 Eth

Until now, they have launched five curated collections.

Let’s look at them closer… Before continuing, a few reminders:

This isn’t financial advice. NFTs are very volatile, and you should always do your own research.
This report is purely analytical. I’m not analyzing collections from an artistic point of view. I do that in other articles.

Kaloh’s Newsletter

📈 Market Analysis: gmStudio and gmDAO

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