Why is 'Winds of Yawanawa' causing such a buzz in the NFT community?

The Rise of Winds of Yawanawa

The "Winds of Yawanawa" collection, a collaboration between new media artist Refik Anadol and the Yawanawá community, was commissioned by Impact One. Unveiled on July 13, the collection comprises a central data art sculpture and 1000 NFT digital art pieces. These artworks, integrate weather data from the Yawanawá village with designs from young Yawanawá illustrators, presenting a fresh perspective on traditional art in the digital realm.

The project began with a spiritual and artistic exchange in the sacred village of Aldeia Sagrada in September 2022. The project was unveiled at Scorpios Mykonos in July, marking the beginning of the Encounters In Resonance summer art program. Proceeds from the sale of the NFTs are directed to the Yawanawá community as part of a fundraising initiative to support them in protecting their natural and cultural heritage. The funds will be used by the indigenous-led organization Instituto Nixiwaka for the protection of Yawanawá lands and cultural heritage, including an upcoming convening of indigenous peoples of the Amazon in 2024.

Global Recognition: MoMa and Beyond

The Winds of Yawanawa collection has received significant attention on the international stage. Notably, MoMa, one of the most esteemed art institutions, has recognized the collection, emphasizing its profound impact within the art community. This endorsement by MoMa is a clear indication of the collection's artistic merit and its resonance with contemporary art connoisseurs

Furthermore, its presence at the Digital Art Fair in Hong Kong amplifies its global appeal. The reception at such a prestigious event highlights the collection's ability to transcend borders and resonate with diverse audiences. Together, the acknowledgment from MoMa and the showcase in Hong Kong solidify the collection's position as a pivotal force in the digital art arena.

Statistical Deep Dive and Buzz Surrounding Winds of Yawanawa

Within just a week of its launch, the collection generated $3.9 million in sales, equivalent to approximately 2,493 ETH. This impressive figure was further highlighted by data from Proof Collective's research director, which showed that "Winds of Yawanawa" accounted for about 25% of the total Ethereum NFT trading volume on OpenSea in a single day. The current floor price of the NFTs in this collection stands at roughly 11.399 ETH.

The numbers surrounding the Winds of Yawanawa collection are nothing short of impressive. On a single day, the collection achieved a trading volume of 451 ETH on OpenSea. To put this into perspective, this volume accounted for a whopping 25% of the total ETH volume on the platform for that day.

Moreover, the buzz and excitement from the community really show how much people value this collection.

The Broader Impact

Despite the broader NFT market witnessing a decline, with trading volumes dropping by over 90% from previous highs, "Winds of Yawanawa" has made a significant mark on the NFT landscape. Its success underscores the market's appetite for innovative and culturally rich artworks, setting it apart from other NFT collections.

Conclusion

Even against the backdrop of a declining NFT market, Winds of Yawanawa has shown that when art tells a story and resonates deeply, it shines bright. Recognitions from esteemed institutions like MoMa and the buzz at international platforms like the Digital Art Fair in Hong Kong further amplify its significance. It's a clear reminder of the power of art, culture, and collaboration in the digital era.

• On October 17, 2023, Transient Labs unveiled the Shatter Contract, a groundbreaking smart contract that transforms NFT collectibility. Artists can now mint their digital works as a singular 1/1 and decide if they can be "shattered" into multiple editions or unique 1/1s.

• Art Blocks announced a collaboration with @TheGivingBlock, launching reGEN, a movement of generative artists supporting the fight against Alzheimer's. They aim to fund @CureAlzheimers Fund's research, with artists donating 50-100% of proceeds, and have scheduled a conversation with artists, curators, and the charity on October 20th at 11am EST

• On October 20, 2023, Michelin 3xplorer Club announced the closure of their M3C Mint, expressing gratitude to their community and highlighting their achievements, including selling 2,346 NFTs and trending on Opensea.

• Artist Jimena Buena Vida announced the upcoming Open Edition of her artworks 'Unbecoming and Totality' in collaboration with @TIMEPieces, @audiogalleries, and @opensea, with the minting set to start on October 19 at 10:30 AM PST. By October 23, 411 pieces of 'Unbecoming' had been minted, and holders are reminded to keep their pieces in the same wallet for a snapshot for 'Totality' scheduled for October 25th.

• Avant Arte collaborated with @cryptopunksnfts to offer a "free to claim" print edition of their 10,000 On-Chain print, honoring the CryptoPunk collection's Free-to-Claim release in 2017.

• Iconic announced "STUDIO SESSIONS: THE NORMAN ROCKWELL COLLECTION." In collaboration with the Norman Rockwell Museum, the Rockwell Family, and IMG, Iconic is set to release limited print editions of previously unreleased images alongside a digital collectible, marking Norman Rockwell's debut on the blockchain. The launch is scheduled for November 23

• Efficax 1.1 was launched, providing fully on-chain edition support through the @manifoldxyz ERC1155 Creator Contract. This innovation simplifies the minting process, enabling straightforward uploads.

• NAMI collection curated by @satoshimilk successfully sold 1,000 pieces at a rate of 0.05 ETH each. The collection's current floor price stands at 0.215 ETH, with the highest bid reaching 0.14 WETH.

• NFTs transforming K-POP fandoms: New era?

• NFT project preferences polled by @waleswoosh

• Web3 Gaming booms!

Thank you for reading the Digital Art Pulse💎, alpha newsletter crafted by DXA Group. Explore the cutting edge of Digital Art and NFTs, and prepare to be inspired. What to expect in the future? Digital art trends, news, intelligence, community highlights and hot art picks. Do not miss out…

DISCLAIMER: Please note that this newsletter is strictly for educational and informational purposes only and should not be considered financial advice or a recommendation to invest in any particular asset. Do your own research before making any big moves.