NFT art created by AI algorithms gives new meaning to non-fungible tokens, but can artificial intelligence be trusted to produce a new kind of art? The sales volume of non-fungible tokens reached $25 billion in 2021, showing that the sector is one of the most sought-after markets in the crypto industry. NFT Arts in particular made a big impact last year, when Christie’s reported over $93 million in non-fungible token sales at its fourth annual Art + Tech Summit, which took place in August of this year.
Generative AI NFTs are becoming a new art genre
Known as “generative AI NFTs,” these non-fungible tokens are becoming increasingly popular in the artistic community as well as those interested in emerging technologies such as artificial intelligence, blockchain, and the metaverse. To create generative AI NFTs one will typically use Generative Adversarial Networks or GANs. These are algorithms that harness computers to use data to train models that produce machine-made images that look like art.
Claire Silver, an artist who collaborates with AI, said that generative AI NFT art is a relatively new genre. She noted that the basic premise was that the works were created in tandem with some hint of artificial intelligence, such as GAN:
” There are code-heavy options and completely code-free tools that anyone can work with. I use the latter in my work. Being able to work with an AI to bring your ideas to life is an experience like no other, it boosts creativity in a way that feels like freedom, a type of play you haven’t experienced since you were a kid. »
Silver explained that to create generative AI NFTs, she used a generator of text-to-art called ” Eponym Developed by AI-generated art company Art AI, the Eponym tool allows users to create text-based artwork of their choice and then create those creations directly on the largest NFT marketplace, OpenSea.
Eyal Fisher, co-founder of Art AI, claimed that Eponym makes it possible to turn any sentence into a unique NFT artwork that will forever be etched on the Ethereum blockchain as a visual representation.
Fisher explained that Eponym was built on algorithms for personal generative art that would allow people to create art by interacting with a computer. ” Eponym is a collaborative NFT project. Users access it by coming to the site and typing any phrase or word into a text box. The AI then generates illustrations based on the text entered. Fisher added that each message can only be generated once. ” There is only one Eponym called “Bitcoin”, he said.
Although generative artificial intelligence is a relatively new concept, Fisher shared that the first Eponym project sold out overnight at OpenSea, making it one of the largest collaborative projects created by 3,500 different artists. ” It is an experiment in the decentralization of art. The owners of Eponyms are the creators of this art and wish to preserve it “, he declared.
While Eponym allows users to create their own artistic NFTs, Metascapes is another project developed by three photographers that seeks to combine human expression with computer algorithms. Ryan Newburn, one of the photographers behind Metascapes, said 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 should be released by the end of this month or early February.
The AI team behind Metascapes, called Versus Labs, explained that the illustrations in each collection were created by training data to recognize real-world images.
Versus Labs added that Metascapes’ AI learns as it goes, noting that the generator that produces data improves over time as two learning models are used in tandem. ” The generator produces random noise at the start, and the discriminator model tells the generator how to improve the output to more closely resemble the training data. This cycle continues, ensuring that both models improve over time. »
Iurie Belegurschi, another photographer behind Metascapes, said that as photographers, the Metascapes team chose to work with AI to generate images because everything about NFTs and Web3 is about machines, computers and code:
“ We decided to collaborate with a machine to create a whole new world in the metaverse. Everyone now buys PFP avatars, but in our case people will get a unique country in the metaverse. »
The impact of AI on NFT artists and collectors
Although AI-generated NFTs are still a nascent concept, this model is starting to influence artists and token collectors alike. For example, the digital artist known as ” Kami was here argued that working with artificial intelligence has fundamentally changed the role of the human artist:
” The human needs the algorithm and the algorithm needs the human. For me, this new role meant collecting data, writing code, curating, inspiring to create a theme and above all ” coaching of an algorithm. The process is dynamic and the result collaborative. »
Regarding the difference between generative art NFTs and other non-fungible tokens, “ Kami was here explained that each result is completely unique as it was born from an algorithm. ” Generative art explores the future of a society connected by human-computer interaction said the artist.
In addition, Fisher pointed out that accessibility and a new desire to own NFTs is the result of AI-generated images. ” Many of our users are creating NFTs for the first time, while collectors and buyers of NFTs are creating their own creations. This is unusual as most people in our society are not professional artists. »
Dr. Alex Alter, lead AI researcher for Altered State Machine, a protocol that uses NFT intelligence to create AI agents, further noted that AI-generated NFTs not only look unique, but they also brought a deeper abstract feeling to individuals. ” These NFTs are truly unique in that in none of the AI works is there an area that has similar pixels. Also in the future, people will be able to create AI illustrations using CAD and computer technology. chatbots. This is far more than other NFTs can do today. »
Can AI be trusted to create meaningful NFTs?
While the potential of AI-generating NFTs is obvious, whether AI can be trusted to generate quality images based on text or photographs remains an issue.
Newburn mentioned that Metascapes carefully organizes each of its collections. ” Our AI team generated tens of thousands of images. Not all will be displayed. If we are not satisfied with the category, we will strategize and retest which categories work well with each other. Our AI is the result of several tests. »
It is also important to note that there are different ways to generate AI-based NFTs. For example, Fisher mentioned that Eponym has two versions of its generator available to the public, with one on the company’s Discord channel serving as a chatbot and the other as a private link containing more complex algorithms capable of creating more advanced images. ” Kami was here further pointed out that some artificial artworks may only take a few minutes to generate, while others may take longer:
” Now there are free apps like Wombo that can easily generate images. It is easy to create for individuals. On the other hand, AI art can also take months to create and train your algorithms, collect input data, and pay for processing power. AI art can also be very resource intensive and personal. »
Technology aside, generative AI NFTs are bound to be a disruptive trend in the future. According to Dr. Alter has already seen huge volumes of AI-generated art at OpenSea, and notes that the market will continue to grow this year. He mentioned that this will be the case in part because of the generative AI NFT feature. “ In the future, people will be able to own their own ” AI artist” NFT (AI that can produce art) or use an AI DAO to create art with this AI artist. »
Additionally, the rise of the metaverse is expected to drive the growth of AI-based NFTs. For example, Fisher noted that Eponym’s next project will feature interactive virtual identities, where users can take their own portraits to create 3D avatars and animate them using artificial intelligence. ” Our idea is to use artificial intelligence that will allow avatars to assume different forms that are compatible in metaverse environments like the Sandbox. In February, the company will introduce additional algorithms that will allow users to generate custom avatars. »
While AI is notable, much of the crypto art scene seems to be dominated by cartoons and memes, as projects like CryptoPunks and Bored Ape Yacht Club have taken center stage. While these projects are some of the most successful to date, a new subset of NFTs is emerging based on the collaboration between advanced technologies and human imagination. The future of generative AI art looks bright.
Receive an overview of news in the world of cryptocurrencies by subscribing to our new service at newsletter daily and weekly so you don’t miss any of the Cointribune essentials!
Receive a summary of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the Cointribune essentials!
I am sure that blockchain and cryptocurrencies are the future and I want to spread this idea to everyone because the more people believe in cryptocurrencies, the faster the future will come.