🖼️ 24 HOURS OF ART 📊 May 17, 2025
💀 Skulls Tie All-Time High
'Sulfuric Fragments' by @SamSpratt sells for 100 ETH ($258,920 USD) to @DGMD22 from @ronnaldong, tying the all-time ETH high for the 1/1/50 'Skulls of Luci' collection.
The deal takes place via @gondixyz and is co-brokered by @eli_schein and @ArtofConviction.
Along with the Skull, there is a 'Masks of Luci' swap, with MemeStrategy receiving the custom Mask pairing for 'Sulfuric Fragments' and Ronald Ong receiving 'Neural Cage'.
Via Ronald Ong:
"3 years later, and here I am—right where it all started with my first bid on Sam Spratt's genesis piece, ‘II. Lullabies of Isaac.’ Remember stumbling across Sam’s work in early 2022 and being instantly blown away. The world that he creates and every brushstroke felt intentional. As a surprise, Sam gifted bidders a 1/1 Skull of Luci, and I was lucky enough to receive ‘Sulfuric Fragment.’"
Via MemeStrategy:
"This was a very good day. Moments like these make collecting digital art unparalleled...
I honestly cannot believe the other names I will be listed alongside as a member of the Council. All with very common goals in mind of collecting and advocating for this very important new medium as strong and positive forces."
🌈 Squiggles Surge
'Chromie Squiggle' /10k (Art Blocks) by @ArtOnBlockchain sees a surge of 11 sales for 50.88 ETH total (avg: 4.63 ETH).
The sales all occur at lowest list, beginning at 4 ETH and ending with a Slinky at 5.28 ETH. Collection list currently at the same 5.28 ETH level.
🏴 Double Damager
Two editions of 'DAMAGER LUXE' by @XCOPYART sell for 14 WETH each to Send-Deal from @alexroadweb and @CollectorCssual.
The edition of 12 was originally minted in March 2022 via Nifty Gateway as part of 'MAX PAIN AND FRENS RANKED AUCTIONS', alongside 'WASTER' /6 and 'GOURMET SPICY' /24.
🪟 Pictured: Highlights
- 'Ascent' by @delta_sauce, collected by @m0dest___
- 'Sulfuric Fragments' by Sam Spratt
- 'A Milli' by @juice_bruns, collected by @GuyNorcal and @Klutch_NFT
- 'DAMAGER LUXE' by XCOPY
- 'Lost All Hope' by @photonisdead
- '₩ØⱤ₭Ɨ₦ 𝟫 ŦØ 𝟝 / IRDBLTS' by m0dest
- 'Terracotta Supplicant Upon Desert Plain' by @bottoproject
- 'I'm Fried' by @killeracid
- 'Chromie Squiggle #9452' by Snowfro
✍️ Full Report Includes:
📚 Collection: 4 primary, 3 collections with 54.05 ETH in secondary volume, 2 incoming
💎 1/1: 11 sales for 9.8 ETH and 3,112 XTZ, 1 live
🎨 1/1/X: 18 sales for 43.17 ETH
🖼️ Edition: 7 sales for 3.95 ETH
🌐 2025 Subscribers
Read the full report here:
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Tezos
That’s a wrap #Consensus2025 🎤
A huge thank you to everyone who joined the panels, packed out the talks, stopped by the booth, shared a croissant at the Breakfast Club, or took part in the many Tezos moments across Toronto.
Until next time 😎
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Leafswan
'.Silicon Serenity'
Has been placed in auction on @SkurpySocial
Min bid 100 $XTZ
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Messari
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Art on Tezos Friday Recap 🔔
→ #objkt4objkt event continues until Sunday May 18th! So far, over 22,000 editions sold from over 800 artists! Tools for seeing stats or swapping editions via @NFTBiker 👏
→ @pifragile announced that after 3 years of building @editart_xyz, the platform will enter a new growth phase — supported by a grant from the @TezosFoundation
→ @JestemZero announced the winners of the #ZeroContractContest in collaboration with @trilitech🏆 Best Execution of the Zero Theme: “1, 0, 100000” by @neur0mancer1, @LoveFromGaia & @unrealb0x and Best Execution of Collaboration: “b.l.o.c.k.s_o.n-c.h.a.i.n.” by @_pixellare, @pax_art, @malsheep56, @Isakost, @mat__nova, @originalgoldcat, @luizandregama, @spike_0124, @LoveFromGaia, @vjentter, @aethersovereign, and more. Congrats to all!
→ @sp_Aceee announced the return of Space World. The first drop of the year will launch via @objktcom in June. Artist spots still open 👀
→ @SkurpySocial announced their official public launch for June 6 💥 and rolled out major updates including a trending/feed refresh for more relevant posts, simplified minting on new contracts, faster collection creation flow and more invite codes per user
→ @TheTezos celebrated TTC’s 3rd Anniversary Week #2 spaces, an ongoing Art Contezt, Treasure Hunt II, and Zealy XP Rush and a Support Artists Day #50 coming up on Saturday
→ @bitaemm and the Collagists group launched the Collagists Day event on objkt - artists can mint collage works from May 10–20 using the hashtag #CollagistsDay ✂️🖼️
→ @malsheep56 announced a series of recurring Tezos community spaces including Sonnet Sunday, Mellow Monday, and Teia Office Hours, plus retro gaming streams
→ @paintboxed1981 wrapped up Rhizome World and announced the final stop of The Paintboxed – Tezos World Tour: Exhibition at Digital Art Mile in Basel, Switzerland, June 16–22
Don't miss:
→ "NFTs Are Not Dead", a collaborative open edition by @NFCsummit and 30 artists ft @ClaireSilver12, @deekaymotion, @trevorjonesart, @Mad_Dog_Jones, @zancan, @kikanicolela and more! Priced at 4.2 XTZ on @infiniteink_art with a print and VIP access for max minters
→ Synthetic Abstractions (2018) by @dribnet the first release in the PIONEERS gallery by @objktcom - six foundational works now available, with one already collected for 5,000 tez by @antagonist4ever
→ 5x5: Water, curated by @dontbuy_ for @cyberformsart, five 1/1s with 250 XTZ reserves explore water as mythology, memory, and force
→ @_Su_ceren’s Inhabiting the Threshold via @objktone - a five-part video series blending memory, myth, and subconscious, following its exhibition at MoMI
→ @analogvidunion 2nd exhibition INSERT COIN, now live on objkt featuring 18 artworks celebrating analog video aesthetics and digital experimentation
Image: "NFTs Are Not Dead" collab by @NFCsummit and 30 artists
The current price of Tezos is $0.61000. Since 00:00 UTC, Tezos has decreased by -3.94%. It currently has a circulating supply of 1,043,704,646 XTZ and a maximum supply of 1,063,823,314 XTZ, giving it a fully diluted market cap of $633.11M. At present, the Tezos coin holds the 76 position in market cap rankings. The Tezos/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Tezos is an open-source Proof of Stake (PoS) blockchain network that supports peer-to-peer (P2P) transactions between network participants and smart contracts. It was a pioneer of the decentralized governance model, which is now the preferred governance model in the blockchain industry. Tezos' mainnet launched in September 2018 following a record-breaking $228 million initial coin offering (ICO).
Tezos, also known as the "self-amending" blockchain, allows users to take on prominent roles in its governance system. At the same time, the network has established a more eco-friendly method of achieving network-wide consensus when validating transactions and implementing governance-related activities.
Change proposals can be made by any network participant who stakes (also known as "bake" in the Tezos ecosystem) a minimum of 6,000 XTZ tokens in a smart contract, which is then voted on by the community's "bakers." Each proposal is subjected to three rounds of voting before being tested for safety on a test network. If the proposal passes the test and still has a majority vote at the end of the voting period, it is added to the main network.
The idea behind this governance system was that it would allow the network to operate in a more decentralized manner than typical blockchain networks by requiring important change decisions to be voted on by network participants before being implemented. Furthermore, such a governance system may reduce the likelihood of a blockchain being forked.
XTZ price and tokenomics
XTZ is an inflationary currency without a supply cap. Approximately 80 new XTZ tokens are issued every minute, giving it an annual inflation rate of around 5.4 percent. Given that more tokens are constantly being added to the supply, the XTZ price may fall over time. To avoid this, the team has devised methods for permanently removing XTZ from the circulating supply.
Notably, the protocol slashes and burns a portion or all of the staking capital of bakers found to be acting maliciously. Furthermore, XTZ is burned whenever a KT1 account or a smart contract for holding delegated XTZ is created.
Despite the large number of XTZ tokens in circulation, only a small number of XTZ tokens are available to the public because nearly 80 percent of XTZ tokens in circulation had been locked up to earn staking rewards as of April 2021.
XTZ distribution
Following the launch of the Tezos mainnet, a total of 763,306,929.68 XTZ tokens were issued and distributed as follows:
79.59 percent of the supply was shared among ICO participants
0.41 percent went to early supporters, advisors, contractors, and backers
Dynamic Ledger Solution claimed 10 percent of the supply
10 percent went to the Tezos Foundation
About the founders
Tezos was founded by Arthur and Kathleen Breitman, a husband and wife team who both worked in finance. Arthur, who had a background in math and computer science, worked in quantitative finance at Morgan Stanley, while Kathleen was a hedge fund consultant. Tezos was proposed by the duo in 2014, and development began through Dynamic Ledged Solutions Inc, a startup founded in 2015 to develop the Tezos platform.
The Tezos Foundation was founded in 2016 with the help of Johann Gevers to support the promotion and development of the Tezos blockchain. In June 2017, in collaboration with the Tezos Foundation, the Brietmans conducted one of the most successful ICOs ever. By the end of the ICO, the project had raised approximately $232 million in Bitcoin and Ethereum. However, the distribution of tokens to investors took longer than expected due to a series of internal disputes between the Breitmans and Johann Gevers, the then-president of Tezos Foundation.
In September 2018, following the resignation of Gevers and another board member of the Tezos Foundation, the mainnet version of the Tezos blockchain was launched.
Ever since it officially went live in 2018, Tezos has looked to partner with crypto firms and brands well known to the average internet user. One of Tezos's most prominent partnerships is its deal with McLaren Racing. In June 2021, McLaren Racing announced that Tezos has emerged as its official blockchain partner. The British motor racing team revealed plans to create an exciting fan experience via NFT technology provided by Tezos.
In addition to the McLaren Racing partnerships, Tezos has secured deals with other high-profile brands, including Red Bull, Manchester United, Ubisoft, and Team Vitality.
Tezos highlights
Tenderbake upgrade
The Tezos blockchain received a significant upgrade in April 2022. The Ithaca 2 upgrade changed the blockchain protocol's mining algorithm from the previous "Emmy" to the new Tendermint-inspired "Tenderbake," with the goal of shortening block times, speeding up transactions, and making applications run more smoothly on the platform. Ithaca 2 also included new network-scalability features such as rollups for Ethereum Virtual Machine (EVM) and WebAssembly compatibility. The upgrade also reduced the amount of XTZ tokens required to become a baker from 8,000 to 6,000.
Rarible integration
Rarible, one of the world's largest non-fungible token (NFT) marketplaces, integrated its platform with the Tezos blockchain in December 2021, making Tezos the third blockchain it integrated with. Tezos-native NFTs can now be traded on Rarible thanks to the integration. To commemorate the occasion, Rarible and Tezos launched an inaugural NFT collection called Blazing Futures.
Manchester United sponsorship
On February 10, 2022, European soccer club Manchester United, one of the world's largest soccer clubs, announced a multi-year sponsorship agreement with Tezos that will see the Tezos brand name featured on their range of training kits. The contract is said to be worth $27 million per year. Tezos had previously signed similar deals with Formula One's McLaren Racing and Major League Baseball's New York Mets.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.9K new posts about Tezos, driven by 1.2K contributors, and total online engagement reached 320K social interactions. The sentiment score for Tezos currently stands at 86%. Compared to all cryptocurrencies, post volume for Tezos currently ranks at 2219. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Tezos.
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Posts
2,880
Contributors
1,216
Interactions
320,145
Sentiment
86%
Volume rank
#2219
X
Posts
2,542
Interactions
318,568
Sentiment
87%
Tezos FAQ
What is Tezos?
Tezos is an energy-efficient, PoS blockchain known for being a pioneer of the decentralized governance model that is now prevalent in the world of decentralized blockchain-supported apps and networks. Arthur and Kathleen Breitman, a married couple, founded it in 2018.
Is there a lock-up requirement for XTZ baking?
Tezos operates a flexible baking system that allows users to take out their XTZ tokens without waiting for a lock-up period to elapse.
How does voting work on Tezos?
Tezos' consensus protocol also serves as a governance component. When you "bake," you are eligible to vote on proposals. Furthermore, for those who have delegated their tokens, the delegates get to vote on their behalf. As such, it is best to choose a delegate who shares your principles.
Where can I buy XTZ?
Easily buy XTZ tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include XTZ/USDT.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into XTZ, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Tezos worth today?
Currently, one Tezos is worth $0.61000. For answers and insight into Tezos's price action, you're in the right place. Explore the latest Tezos charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Tezos, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Tezos have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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