Page 6 - RECLAIM YOUR DIGITAL GOLD by Wayne Hinds - Chapter 12 (NFTs and Blockchain)

NFTS AND BLOCKCHAIN

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
havea significantly higher levelof 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 NFTminters.

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 AIalgorithms, 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-poweredart galleriesthat 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 NFTmarketplace and making real-
time adjustments to prices, listings, and other market
factors will be useful for any online store, but it will be
especiallyuseful for an emerging market like NFTs. It will
be easier for new customers to join the fold and become
investors if the purchasing process is streamlined and

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