AI-generative art predicted to be next trend for NFT sector

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Non-fungible token (NFT) sales reached $ 25 billion in 2021, demonstrating that this sector is one of the most popular markets for cryptocurrencies. ArtNFT, in particular, was significantly impacted by Christie’s report of sales of over $ 93 million in non-fungible tokens at the 4th Art + Tech Summit last August.

Notably, many of the crypto art scenes appear to be dominated by comics and memes, as projects such as CryptoPunks and Bored Ape Yacht Club have become central to the stage. These projects are some of the most successful to date, but new subsets of NFTs are emerging based on advanced technology and human imagination.

AI generative NFT will be a new art genre

Known as “AI Generative NFTs,” these non-fungible tokens are becoming more and more popular within the art community, along with people interested in emerging technologies such as artificial intelligence, blockchain, and the Metaverse. To create an AI-generated NFT, you typically use a generated hostile network (GAN). These are algorithms that leverage a computer to train a model using data to generate art-like machine-generated images.

AI collaborative artist Claire Silver told Cointelegraph that AI generative NFT art is a relatively new genre, and the basic principle is that art is created in conjunction with artificial intelligence similarities like GAN. ..

“There are code-rich options and completely code-free tools that anyone can use. I use the latter at work. Being able to realize ideas with AI is a unique experience. Increase your creativity in a play-like way like freedom that you haven’t experienced since childhood. “

Silver explained that he is leveraging a text-to-art generator called an “eponym” to create AI generative NFTs. Developed by AI-generated art company ArtAI, the Eponym tool allows users to create art based on selected text and create these works directly in the largest NFT marketplace, OpenSea. ..

“Cassandra Ex Machina” Source: Claire Silver

ArtAI co-founder Eyal Fisher told Cointelegraph that Eponym can be used to transform any phrase into a unique NFT artwork that can be forever imprinted on the Ethereum blockchain as a visual representation.

Fisher explained that Eponyms are built on a personalized, generated algorithm of art that allows people to create art by interacting with computers. “Eponym is a collaborative NFT project. Users go to a website and enter a phrase or word in a text box to access it. AI generates artwork based on the entered text.” Fisher He added that each text prompt can only be generated once. “There is only one eponym called’Bitcoin’,” he said.

“$ Btc” image created by Eponym Source: Eponym

AI generative art is a fairly new concept, but Fisher shares that the first Eponym project sold out overnight at OpenSea, making it one of the largest collaborative art projects created by 3,500 different artists. did. “This is an experiment in the decentralization of art. The people who own the eponym are the creators of that art and want to curate it,” he said.

Eponym allows users to create their own art NFTs, but Metascapes is another project developed by three photographers looking at a combination of human representation and computer algorithms. Ryan Newburn, one of the photographers behind Metascapes, told Cointelegraph that the project consists of 3,333 rare AI-generated NFTs based on photographs taken around the world. Like Eponym, Metascapes leverages AI algorithms to create nature-inspired NFTs. According to Newburn, the first Metascapes collection will be created by the end of this month or early February.

“Ice Journey” Source: Metascapes

The AI ​​team behind Metascapes (called Versus Labs) explained that the artwork for each collection was created with training data to recognize real-world images.

“Our photos have images and labels called” training data. ” When you generate the output model, label the model what type of image you want to output. For example, ice caves and volcanoes were two categories that photographers have worked on in the past, but since this was not the bulk of the input data, the output includes examples of ice caves and volcanoes. I wanted to make sure that. “

Versus Labs pointed out that Metascapes’ AI learns while learning, and because the two learning models are used in tandem, the generator that outputs the data improves over time. “The generator first outputs random noise, and the discriminator model tells the generator how to improve the output, so it looks like training data. This cycle continues and both models continue over time. We guarantee that it will be improved. ”

Ilie Belegurschi, another photographer behind Metascapes, told Cointelegraph that as a photographer, the Metascapes team chose to use AI to generate images. This is because everything related to NFTs and Web3 is about machines, computers, and code.

“We decided to work with the machine to create a whole new world in the Metaverse. Currently, everyone buys PFP avatars, but in our case, people have a unique land in the Metaverse. Will put it in. ”

The impact of AI on artists and NFT collectors

AI-generated NFTs are still a new concept, but this model is beginning to influence both artists and NFT collectors. for example,”Kami was here“The use of AI has fundamentally changed the role of human artists,” he told Cointelegraph.

“Human needs algorithms, algorithms need humans. For me, this new role is to collect data, write code, curate, inspire to create themes, and above all, algorithms. It meant “coaching”. The process is dynamic and the results are collaborative. ”

“Cartgrapher” Source: Kami was here

In terms of how generative art NFTs differ from other non-fungible tokens, “Kami was Here” was born out of an algorithm, so each result is completely unique. “Generative art explores the future of society linked to the interaction of humans and computers,” says the artist.

In addition, Fisher pointed out that accessibility and the new desire to own NFTs are the result of AI-generated images. “Many of our users are creating NFTs for the first time, but NFT collectors and buyers are creating their own. This is unusual because most people in our community are not professional artists. is.”

Dr. Alex Alter, Principal AI Scientist at Altered State Machine, a protocol for creating smart AI agents using NFT intelligence, added that AI-generated NFTs not only look unique, but are deeper abstract to the individual. He told Cointelegraph that it would bring a sense. “These NFTs are really unique in the sense that none of the AI ​​works with similar pixels have a single area. In the future, we will also create AI artwork through DAO and chatbot technology. You will be able to do this, which is far beyond what other NFTs can do today. ”

“Specificity by AIIV” Source: Dr. Alex Alter

Is AI reliable for creating meaningful NFTs?

While the potential of AI-generated NFTs is clear, the question of whether artificial intelligence can be trusted to generate high-quality images based on text and photos remains a concern.

That’s why Newburn said Metascapes carefully manages each collection. “Our AI team has generated tens of thousands of images. Not all of these will be on display at our mint. If you’re not happy with the categories, make a strategy and which categories are mutually exclusive. Retest if it works. Our AI learned from multiple tests. ”

It’s also important to note that there are several ways to generate an AI-based NFT. For example, Fisher said that Eponym has two versions of the generator available. One is the company’s Discord channel, which acts as a chatbot, and the other is a private link that contains more complex algorithms that can create more sophisticated images. “Kamiwas Here” further pointed out that some AI art pieces take only a few minutes to generate, while others can take longer.

“Currently, there are free apps like Wombo that make it easy to generate images. It’s easy for people to create. Meanwhile, AI Art is a number for building and training algorithms, collecting input data, and paying for processing power. It can take months. AI art consumes a great deal of resources and can also be personalized. ”

Technology aside, AI generative NFTs should be a disruptive trend in the future. According to Dr. Alter, AI-generated art has already been seen in large numbers at OpenSea, and the market will continue to grow this year. He said this is partly due to the capabilities of AI-generated NFTs. “In the future, people will be able to own their own” AI artist “NFT (AI that can create art) and use DAOAI to create art with that AI artist. .. ”

In addition, the rise of the Metaverse should drive the growth of AI-based NFTs. For example, Fisher said in Eponym’s next project, users will have an interactive virtual ID that allows them to create their own portraits, create 3D avatars, and animate them using artificial intelligence. rice field. “Our idea is to use AI that allows avatars to take a variety of compatible forms in a sandbox-like metaverse environment. In February, the company generated user-personalized avatars. We plan to introduce additional algorithms to enable it. ”