Tyler Hobbs’ QQL NFT Project Raises Nearly $17M in Successful Mint

A project that allows NFT collectors to act as co-creators of artwork through the QQL algorithm, mint pass sold out Offered at Archipelago Modified Dutch Auction. Essentially, a Dutch auction allows potential buyers to place blind bids within a specific set of price parameters, and the final selling price is determined after considering all bids. In this case, the auction started at 50 ETH (approximately $66,890) and decreased over an hour until all 900 mint passes were sold.