Page 171 - Reclaim YOUR DIGITAL GOLD (without audio)
P. 171

NFTs AND BLOCKCHAIN



            Initially, NFT artwork  was created  by human artists.
            However, a significant amount of time and energy has
            recently been invested in teaching artificial intelligence
            to create  original  works of art on its  own.  While  the
            majority of digital  NFT  artworks  currently  available
            on the  Internet  were  created  by utilizing  randomly
            generated  characteristics  within  a  JPEG  (standard
            compressed  image  file)  format,  true  AI  artwork  would
            have a significantly higher level of variation and creativity
            than what is currently available in the NFT marketplace.
            Because  of the  ability  to create  one-of-a-kind  works
            of art in real time, this presents a potentially lucrative
            opportunity for prospective future NFT minters.

            Eponym, an artificial intelligence (AI) software that can
            transform text into pictures that resemble works of art,
            was  recently  launched  and  allows  artists  to  sell  their
            work directly on  the  NFT  marketplace  OpenSea.  The
            blockchain now provides public access to the artwork
            created with Eponym. Eponym, unlike other types of AI-
            based art, is not entirely reliant on AI algorithms, allowing
            for human intervention.

            You’re probably wondering how the  general public is
            exposed to this type of artwork at this point. There are
            now AI-powered art galleries that allow artists to connect
            with people who might buy their work. Art AI is one of
            the most well-known artificial intelligence art galleries.
            I believe that the true value of AI in the NFT market will
            manifest as a more intelligent and adaptable method of
            market management. An artificial intelligence capable of
            detecting trends in the NFT marketplace and making real-
            time  adjustments  to prices, listings,  and  other  market
            factors will be useful for any online store, but it will be



                                                                    151
   166   167   168   169   170   171   172   173   174   175   176