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cfw.market{about/provenance}

Provenance — A record of the work and the market it was made in.

From Mar 2021 to today: 18 milestones.

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2021

  1. Bull Market · Jan 2021 – May 2021

    Bitcoin and crypto markets experience rapid price increases, fueled by institutional adoption, stimulus, and retail speculation.

  2. Elon Musk Tesla Bitcoin Announcement · Feb 2021

    Tesla announces $1.5B Bitcoin purchase and plans to accept BTC for car payments, sparking market rally.

  3. 2021.03.18Milestone

    first onchain footprint

    First NFT mint on Rarible // EXHIBIT A

    SPECIMEN_01 · 18.03.2021
  4. 2021.04.15Milestone

    Major Auction // Don Diablo

    Audiovisual loop on Foundation. First major bid by @dondiablo

  5. Bear Market Phase · May 2021 – Jul 2021

    Crypto prices fall sharply following overextension, Chinese regulation, and environmental concerns about Bitcoin mining.

  6. China Mining Ban Announced · May 2021

    China reaffirms crackdown on crypto mining, leading to major hash rate migration and market uncertainty.

  7. 2021.06.26Milestone

    First 2 ETH sale

    25 days in the making, 120 hand-drawn frames. Sold for 2 ETH on Foundation after an auction between @cosmonutty and SiDec. Featured on the Foundation homepage. Bought a PC with the proceeds.

  8. 2021.08.08Launch

    STACY Series I launch

    STACY Designer Pills Series I drops on Rarible. 14 of 20 designs sold out in 30 minutes. Guest artists: @oOLatchOo, @gaelcorboz, @pnkfd, @dustmonkey_, @JulienvDorland.

    SPECIMEN_02 · 08.08.2021
    STACY Series I launch
    Part of STACY Pills
  9. 2021.09.24Event

    CoolCats x CFW

    Official collab with @coolcatsnft. Created 3D renders of CoolCats. 21,300+ views. 100-edition free mint for the community. One of the first major PFP community collabs.

  10. Bull Market Euphoria · Oct 2021 – Nov 2021

    Bitcoin and ETH reach new all-time highs; crypto ecosystem sees record inflows and retail excitement.

  11. First U.S. Bitcoin Futures ETF Approved · Oct 2021

    ProShares Bitcoin Strategy ETF (BITO) launches, marking the first Bitcoin ETF in the US.

  12. Bear Phase Begins · Nov 2021 – Jun 2022

    Crypto market reverses, with major liquidations, macro tightening, and growing regulatory scrutiny.

  13. 2021.11.11Launch

    STACY Series II launch

    30 unique designs, 10 guest artists incl. @DesLucrece, @orphan_crypto, @BoxheadTweets, @jdotcolombo, @fbspin, @Natirupe, @MarkTheHabibi. Ranked #2 on Rarible top sellers same day.

    Part of STACY Pills
  14. 2021.12.06Event

    Art Contest — $10,000 USD

    Launched the first Stacyverse Art Competition. 1st: 1 ETH + 1 pill. 2nd: 0.5 ETH + 1 pill. 3rd: 0.3 ETH + 1 pill. Submission deadline Dec 30th. Dozens of community entries across illustration, 3D, and digital art.

    Part of STACY Pills

2022

  1. 2022.01.14Launch

    Pillhead: Originals

    Custom ERC-721 on Manifold. 16 unique 1/1 pieces. 14 of 16 received bids. Collectors incl. @mondoggg, @cloncast, @nftchance. The Pillheads universe takes shape.

    Part of Pillheads
  2. Terra Luna/UST Collapse · May 2022

    UST stablecoin and LUNA ecosystem collapse, erasing tens of billions in value and shaking investor confidence.

  3. 2022.05.22Milestone

    Pillheads Generative Announcement

    Discord reopened for Pillheads Generative announcement. 1,500 new members joined in one week. Community grows to ~2,000.

    Part of Pillheads
  4. Celsius, Voyager, and 3AC Bankruptcies · Jun 2022

    Major centralized lenders and hedge funds file for bankruptcy following cascading contagion from the Luna/UST collapse.

  5. 2022.06.16Launch

    Pillheads: Generative

    6,655 high-end 3D PFPs mint on Ethereum. 0.1 ETH Happylist / 0.14 ETH public. 47.91 ETH raised.

    Part of Pillheads
  6. 2022.08.01Milestone

    Full 25.87 ETH refund

    Full financial transparency published on Mirror. Returned 25.87 ETH in full to all minters. Airdropped 2 free Pillheads per token held. No personal revenue taken until investment recouped.

    Part of Pillheads
  7. FTX Exchange Collapse · Nov 2022

    FTX files for bankruptcy amid mismanagement and fraud revelations, causing market-wide panic.

  8. Post-FTX Bear Market Lows · Nov 2022 – Jan 2023

    Bearish aftermath with crypto prices at multi-year lows and trust in centralized entities damaged.

2023

  1. 2023.01.02Launch

    Sorrow of Choice — Burn series begins

    Multi-phase interactive burn-mechanic art series. The Jar, Red Pill, Blue Pill, Yellow Pill, Purple Pill. 18,795+ editions minted. 10,886+ burned. "The project has grown beyond my imagination."

    Part of Sorrow of Choice
  2. Early Bull Recovery · Jan 2023 – Jul 2023

    Gradual market recovery driven by improved macro, Grayscale legal wins, and spot ETF speculation.

  3. 2023.03.28Launch

    Repillca — Generative

    200 generative artworks inspired by Twelvefold. Procedural quadtree algorithm in Cinema4D. Archetypes: Bauhaus, Pop, OG, Liminal, Grayscale, Checks. Burn-to-mint mechanic via Jar tokens.

    Part of Sorrow of Choice
  4. BlackRock Bitcoin Spot ETF Filing · Jun 2023

    BlackRock files for a spot Bitcoin ETF, revitalizing institutional interest and triggering upward momentum.

  5. 2023.08.29Event

    Designer Toy Nᵒ1

    First CFW physical product. Designer toy manufactured and distributed. Web3 art goes physical.

    SPECIMEN_03 · 29.08.2023
    Designer Toy Nᵒ1
  6. Bull Market Acceleration · Oct 2023 – Mar 2024

    Crypto prices rise, Bitcoin breaks prior ATH, driven by anticipation of ETF approvals and halving.

  7. 2023.12.31Milestone

    869 ETH secondary volume

    Pillheads NFT crosses 869.24 ETH in total secondary trading volume. 1,938 unique holders.

    Part of Pillheads

2024

  1. 2024.01.01Launch

    Palette (PLT) — ERC-404 deployed

    First ERC-404 hybrid token deployed. 6,969 PLT supply. Art meets DeFi. Bauhaus on-chain.

  2. Spot Bitcoin ETF Approval (US) · Jan 2024

    SEC approves multiple spot Bitcoin ETFs in the US, signaling institutional acceptance.

  3. 2024.03.07Milestone

    3 years in Web3

    1096 days.

  4. Bull Market Continues · Mar 2024 – Nov 2024

    Bullish momentum continues post-ETF and halving, with increasing institutional flows and altcoin rallies.

  5. Bitcoin Fourth Halving · Apr 2024

    Bitcoin block reward halves from 6.25 to 3.125 BTC, reducing new supply issuance.

  6. Consolidation/Correction · Nov 2024 – Jun 2025

    Markets consolidate following overheating, with corrections and rotating sector leadership.

2025

  1. 2025.09.16Milestone

    5,515+ transactions across 14 chains

    Hot wallet (cfw.eth) reaches 5,515+ transactions across 14 EVM chains + Solana.139+ ERC-20s. 200+ NFTs.

  2. Bear Market Phase · Dec 2025 – Mar 2026

    Prices decline sharply following peak, with risk-off sentiment and deleveraging.

The next entry has not been written yet.