Coincheck, Inc, a subsidiary of online broker Monex Group, announces that its NFT marketplace, Coincheck NFT (beta version) will start offering the generative art NFT “Art Blocks” on May 19, 2022.

Generative art NFTs harness randomness generated by the use of computer algorithms and mathematical methodologies to create an artwork.

Art Blocks is an NFT market-place that provides on generative art NFT that could be designed and created only by a mix of art and blockchain technology. When a user purchases a piece of artwork, the design, the colors, and the background of the work are randomly picked based on a specified algorithm, generating a distinctive artwork. This unique artwork, which is created automatically, has attracted the attention of creators and collectors alike.

Coincheck NFT, which was launched in March 2021, is the first NFT marketplace in Japan operated by a crypto asset exchange that allows users to exchange NFTs and crypto assets. Starting with “Art Blocks,” Coincheck plans to offer a variety of NFTs of generative art, which is gaining attention as a new type of artworks.

In addition to art, Coincheck NFT will expand its offerings to a wide range of fields, including games, sports, and fashion.