AI NFT creation predicted to be the next trend

AI NFT creation art gives non-fungible tokens new meaning, but can Artificial Intelligences be trusted to create a new genre of art?

While noteworthy, the Crypto art movement tends to be dominated by cartoons and memes, with initiatives such as CryptoPunks and Bored Ape Yacht Club taking center stage. Even though these initiatives are among the most successful yet. A new subclass of NFTs based on modern technology and human creativity is developing.

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AI NFT creation has become a new art genre

AI-generative NFTs as the new non-fungible tokens are gaining traction among artists and people who like new techs such as Artificial Intelligence, Blockchain, and the Metaverse. Generative adversarial networks, or GANs, are commonly used to generate AI-generative NFTs. These methods employ computers to train models to create machine-made pictures that seem like art.

ACCORDING TO CLAIRE SILVER, AI-generative NFT art is a relatively new genre, an AI-collaborative artist. She notes that the basic principle is that art creates in tandem with some semblance of Artificial Intelligence, such as GAN. “There are code-heavy options and completely code-free tools that anyone can work with.” In my job, I employ the latter. Working with AI to bring your ideas to life is a once-in-a-lifetime experience; it enhances creativity in a manner that feels like liberation. A form of play you haven’t felt since you were a child.”

Silver revealed that she uses a text-to-art generator called “Eponym” to generate AI-generative NFTs. The Eponym tool, created by the AI-generated art startup Art AI, allows users to create art based on their language and then mint it directly on the largest NFT marketplace, OpenSea.

According to Eyal Fisher, co-founder of Art AI NFT creation, Eponym allows any sentence to be turned into a unique NFT artwork permanently carved onto the Ethereum Blockchain as a visual depiction.

Even though AI-generative art is still a relatively new idea, Fisher said that the inaugural Eponym project sold out on OpenSea overnight, making it one of the most significant collaborative art projects in history, with 3,500 artists participating. “This is a decentralized art experiment.” Eponyms’ owners are the creators of that art, and they wish to curate it,” he explained.

AI NFT creation and Metascape

While Eponym allows people to make their own creative NFTs, Metascapes was created by three photographers who wanted to mix human expression with computer algorithms. Metascapes comprises 3,333 unusual AI NFT creation based on images shot worldwide, according to Ryan Newburn, one of the photographers behind the project. Metascapes, like Eponym, use AI algorithms to build nature-inspired NFTs. According to Newburn, the first Metascapes collection is expected to be released by the end of this month or early February.

Training data develop the artwork in each collection to recognize real-world photos, according to the AI team behind Metascapes, which goes by the moniker Versus Labs:

According to Lurie Belegurschi, another photographer behind Metascapes. This Metascapes team chose to work with AI to generate images because everything in NFTs and Web3 is about machines, computers, and code. “We decided to collaborate with a machine to create an entirely new world in the Metaverse.” He says “Everyone buys PFP avatars right now. But in our case, they obtain a one-of-a-kind piece of Metaverse real estate.”

AI’s impact on artists and AI NFT creation

Even though AI-generate NFTs are still a new concept. This approach starts to influence artists and NFT collectors. Working with AI NFT creation, for example, has radically impacted the role of the human artist, according to “Kami was Here,” a digital artist who told us: “The human needs the algorithm, and the algorithm needs the person.” This new position required me to collect data, write code, choose content, find inspiration for a theme, and, most importantly, ‘coach’ an algorithm. The process is fluid, and the result is collaborative.”

Dr. Alex Alter, the principal AI-scientist for Altered State Machine. A protocol that employs NFT intelligence to produce clever AI agents. He told that AI-generated NFTs not only appear different but they also give people a more abstract sense. “These NFTs are unique in the sense that no other AI effort has a single region with comparable pixels.“

Can we use AI to create meaningful NFTs?

While the potential for AI-generated NFTs is clear. The question of whether it can trust Artificial Intelligence to produce high-quality pictures from text or photographs remains an open subject.

As a result, according to Newburn, Metascapes meticulously curates each of their collections. “Our Artificial Intelligence team has created tens of thousands of pictures”. It will not include some of them in our mints. If we’re not happy with a category, we strategize and retest which types complement one another. Multiple tests have taught our AI.”

It’s also worth noting that various methods may generate AI-based NFTs. Eponym, for example, has two versions of its generator available to the public. One as a chatbot on the company’s Discord channel and the other as a private connection with more intricate algorithms capable of producing more advanced graphics, according to Fisher. Kami also mentioned that specific AI NFT creation takes long few minutes, while others can take much longer:

“Nowadays, free apps like Wombo make it simple to create graphics. People find it easy to produce. On the other side, building and training your algorithms, collecting input data. And paying for processing power might all take months. AI art may also be time-consuming and customized.“

What is the future of AI and NFTs?

AI-generative NFTs will undoubtedly be a disruptive trend in the future, regardless of technology. Dr. Alter claims that AI-generated art has already sold in large quantities on OpenSea and that the market will continue to increase this year. He stated that this would be the case in part due to the AI-generative NFTs’ capabilities.

Furthermore, the emergence of AI-based NFTs helps to rise the Metaverse. Eponym’s next project has interactive virtual identities in which users may use their pictures to build 3D avatars and use AI to animated. According to Fisher. “We plan to employ AI to allow avatars to adopt various forms that are suitable with metaverse environments such as Sandbox.” In addition, the business will introduce new algorithms to allow customers to create customized avatars.“

Sum-up about OpenSea trading volume

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References:
https://cointelegraph.com/news/ai-generative…
https://markets.businessinsider.com/news/stocks…
https://headtopics.com/us/ai-generative-art-predicted…