A collection of computer-generated NFTs created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out in less than an hour at a Sotheby’s Dutch auction for a total of 631 Ethereum (approximately $1.2 million).
According to the announcement, the Themes and Variations collection consists of 500 collectibles generated through an algorithmic combination of 170 color palettes and recursive grids.
The transaction volume of this collection on secondary markets such as OpenSea has exceeded 589 ETH.
At press time, the Themes and Variations floor price jumped more than 100% from an average of 1.52 ETH shortly after the sale ended.