Recent Analytics of Ringers by Dmitri Cherniak
Ringers by Dmitri Cherniak has a total volume of 30,843 ETH. Its floor price is 42 ETH. The lowest priced Ringers NFT #392 is for 42 ETH and the highest priced Ringers #29 is for 700 ETH. The recently listed NFTs includes Ringers #934 priced at 62 ETH which is followed by Ringers #338 and Ringers #343 priced at 100 ETH and 80 ETH.
The owner distribution chart shows there are 196 owners of 1 item, 63 owners of 2-3 items, 24 owners of 4-10 items, 10 owners of 11-25 items, 5 owners of 26-50 items, and only 1 owner of more than 51 items.
The volume and average price chart shows that on January 25, 2021, the average price of the NFT was 0.5503 ETH and there were 71 sales recorded. This price is increased to 34 ETH and 1 sale, as recorded on July 17, 2023
Utility of Ringers By Dmitri Cherniak
Dmitri Cherniak is an artist who specializes in using automation as his artistic medium and creates hand coded goods. The utility of Ringers lies in its exploration of the possibilities of generative art and the use of automation as an artistic medium.
Dmitri Cherniak, the creator of Ringers has been known to send NFTs to random wallets. In January 2022, he used an algorithm to generate a new artwork every day and sent the work to a random wallet address.
He placed all the previous pieces in a 5 by 6 grid and sent it to unplanned wallets on January 31. The next day, he dropped The Dead Ringers Edition, an edition of the final piece. A total of 23,469 wallets were able to mint Dmitri Cherniak’s Dead Ringers Edition.
Dmitri Cherniak’s idea behind sending NFTs to random wallets is to inspire people to appreciate the vastness of the address space. Besides, he knew that many of the wallet owners would not have collected the NFTs due to unawareness of the source.
All the proceeds from the sale of Dead Ringers Edition was donated to the Food Bank for New York City, which provides food to New Yorkers in need.
Summary
Ringers by Dmitri Cherniak showcases the variety and complexity that can be achieved through the use of algorithms and code, without human interaction. It also serves as an example of the potential for NFTs in the art world as each piece is unique and can be owned and traded as a digital asset.
