Despite the NFT market’s woes, digital art continues to expand its footprint in the modern art space, with Art Basel announcing the launch of its new curated digital art platform, Zero 10.
Zero 10 will “unite leading and next-generation participants — artists, studios, galleries, and digital innovators — with Art Basel’s global framework of curatorial excellence and market access” and will debut at Art Basel in Miami before expanding overseas in 2026.”
The release was careful to avoid using the term “NFT,” but the exhibit’s debut collection will feature art from NFT-native platforms such as Art Blocks, Fellowship, Beeple Studios, and Pace.
Eli Scheinman, who formerly worked in the digital art teams at Proof and Yuga Labs, will serve as a curator and advisor to Art Basel.
“Excited to announce the launch of ‘Zero 10’, a new global, multi-year initiative for art of the digital era at Art Basel…This will be central to the Miami Beach fair experience and its 100,000 attendees and 10,000 onsite collectors,” Scheinman said.
Alongside the announcement, Scheinman teased new works from the “who’s who” of digital art, including Larva Labs, XCOPY, Beeple, Tyler Hobbs, and Dimitri Cherniak.
While digital art collectors are excited to see the ecosystem take the next step forward, new and legacy NFT collections continue to struggle.
On Oct. 10, Larva Labs, the artists behind Cryptopunks, released their first unique set in years as Art Blocks’ final curated collection, dubbed Quine. Quine commanded huge volumes at auction, and the sale closed at 7.56 ETH, or $31,000 at the time.
However, Quine has struggled to hold its mint price and currently trades at 3.75 ETH, or $12,450. While the collection is down roughly 50% in ETH terms, the market’s downturn has pushed its fiat value down further.
Meanwhile, Chromie Squiggles, the mascot collection of Art Blocks, is changing hands at 2.7 ETH, approaching its lowest price since 2021.
Squiggle Floor Price – NFTPriceFloor
