GNSS

Here's a comprehensive study of GNSS Art by MGXS, from the project's origins to future challenges, to give you in-depth insights with a clear structure for the first time:

1. Project Overview

• When and how it was issued

  • The series debuted in March 2022 with the first "Seed" minting (a total of 13,333 seeds) at 0.33 ETH each, and the Mint process was sold out in about 5 minutes; Holders have a wide range of options to choose the final GNSS style from at Reveal, with deep community involvement. Finally, on May 17, 2022, 9,697 official GNSS entries were confirmed.

The

• total number

  of

  • NFTs in the official collection is 9,696 NFTs (including 23 species, 29 sub-species).

• The public chain and marketplace

  • are all based on Ethereum (ERC-721) minting, which can be traded in OpenSea, Blur, Magic Eden and other markets.

• The current floor price and market capitalization

  • are about 0.075 ETH, the 24h trading volume is about 0.29 ETH, and the total market capitalization is about 911 ETH (about $2.3 million).

2. Project Origins and Team Background

• Michal "MGXS" Fernando, the

  artist and the core artist of the behind-the-scenes team

  • , is an artist who combines generative art, algorithms, and AI to express the interaction between nature and technology. He has published works on platforms such as SuperRare. GNSS is created independently and can be seen as a "human-machine co-creation" experiment.

The

• Technology

  • Ecosystem Project uses Houdini to generate seeds, and uses Stable Diffusion, AWS SageMaker, React and other architectures to construct a "Machine Embedded Memories (MEM)" system—AI linkage generation and free editing of "memory" images.

3. Ecosystem and Community Mechanism

• The community interaction

  • Seed Reveal mechanism enables early holders to jointly decide the final form of the project, with active discussions and 24/7 voice chat in Discord; The MEM system was also made available to the public during the Lisbon NFT conference, with a total of 5,725 MEMs created.

• Tools &

  • Mechanics GNSS Seal (ERC-1155) is airdropped to MEM participants, supporting the burning of seals to generate new MEMs, enhancing personalization and dynamic gameplay.

• Follow-up products are planned

  • to be launched into the MEM system; The future may revolve around AI enhancements, community maps, interactive installations, and more generative content.

4. Business Model & Intellectual Property

• Ways to Earn Money

  :

  • The mintage revenue provided by the initial seed and subsequent main sets.

  • Secondary market transactions bring in royalties (typically around 7.5–10%), plus derivative value from the MEM ecosystem.

  • Potential distribution of derivatives (merchandise, interactive installations, exhibition licensing) remains to be explored.

• The

  intellectual property rights belong to

  • MGXS and the copyright of creation is reserved, and NFT holders only have the right to use the digital collection and its visualization, but the creative use (commercial or further artistic) still needs to be confirmed with reference to the official authorization terms.

5. Background Culture and Positioning

• The

  artistic concept

  • GNSS stands for "Generative Nature Synthetic Species", emphasizing "nature in different timelines" and exploring the visual context of "the integration of technology and nature".

• The

  cultural positioning

  • project is at the intersection of technology art and generative art, using AI to create futuristic works with "machines also have memories", and at the same time involving the in-depth participation mechanism of the early NFT community, taking into account artistry and community governance.

6. Achievements, Controversies & Challenges

• Project

  • Achievements Seed Casting 5 minutes sold out; The total market capitalization is approximately $2.3 million; About 2,536 crypto-holding wallets around the world participated, with a holding rate of ~26%. In the past 7 days, there have been active transactions, with sales of ~$6.5k and an average unit price of ~$193

.

• Potential controversy and future pressure

  on

  • the artistic value of AI-led creation: The project relies heavily on AI (Stable Diffusion), which has led to a discussion of whether it is an artist's work or an AI output.

  • Sustainability and long-term engagement: MEM systems are one-time airdrops, and infrequent content updates can lead to a decline in community popularity.

  • Scope of IP use: The holder's rights to derivative uses of art are unknown, which may affect the secondary creation market.

7. Summary and Prospect

GNSS Art by MGXS is a cutting-edge experiment that integrates generative art, AI and community governance, combining Seed Reveal, MEM dynamic system and AI co-creation mechanism to build a highly immersive and technology-driven metaverse ecosystem.

The challenges for the future are:

• to keep the ecosystem alive: new MEMs, interactive applications or art-derived spaces are key;

• Make sure the IP is clear and inspiring: whether the community and developers can do more based on the project;

• Control the boundary between "AI art" and "human creation", and build a transparent mechanism and creator credit.