AI-generated art is the next big thing in NFTs. Here’s what it means for artists


By now, you’ve probably seen some of the surreal, AI-generated art creations using apps like Dream and Hotpot. It usually sounds like a cross between psychedelic posters from the 1970s and the kind of absurd nightmares you might have while suffering from a high fever. To do this, you type in the phrase of your choice and choose a style, such as “photorealistic” or “painting”, and artificial intelligence uses algorithms to tap into vast databases of tagged images to produce the result. As it becomes more and more popular and complex, AI art is entering the NFT (non-fungible token) market and people are clamoring to buy it. But what does this mean for NFTs, and more importantly, for the art itself?

A work of art generated by artificial intelligence that spins the word

NFT sales skyrocketed to $25 billion last year, and art NFTs saw a surge at Christie’s fourth annual Art+Tech Summit in August with sales of $93 million. . Most art NFTs are original creations of humans, but the new wave of AI-generating NFTs highlights the potential for people to collaborate with machines to produce unique images. Whether these images imitate art or actually qualify as art might be a matter of personal opinion, at least for now. But some artists say Cointelgraph that they find the process of co-creating with AI surprisingly liberating, with results that can be remarkably indistinguishable from human-created works.

This piece by Claire Silver, “Cassandra Ex Machina”, is an example. There are no obvious telltale signs of AI involvement in the picture, like weird little swirls of excess imagery hidden in the detail. Created using a text-to-art generator called Eponym, which was developed by Art AI, the piece and others like it turn sentences into unique NFT artworks, and each text prompt does not can be generated only once. It turns out that NFT collectors are definitely interested in these collaborative pieces; Eponym’s first offerings created by 3,500 artists sold out overnight on the NFT OpenSea marketplace.

A look at the Eponym collection on OpenSea gives you an idea of ​​what is possible with these types of AI art generation engines. With titles like “Gateway to Heaven”, “There was chaos, there was dancing” and “Moon colony xi”, they encompass a wide variety of styles, with some sounding a bit more digital than others. Another platform, Metascapesconsists of 3,333 AI-generated NFTs based on landscape photography from around the world, and the images are amazingly photorealistic.

Several AI-generated artworks for sale on the OpenSea NFT Marketplace.

Several AI-generated artworks for sale on the OpenSea NFT Marketplace.

As Wall Street begins to turn its attention to NFTs, we may be heading towards a whole new way of doing business as part of the development of the larger metaverse. Facebook’s transition to Meta and founder Mark Zuckerberg’s recent focus on this network of 3D virtual worlds may cause skeptics to take concepts like cryptocurrency and NFTs more seriously. Before long, our metaverse concept is likely to move from virtual worlds of video games like fortnite to a multi-layered digital reality with its own economy.

Much of the technology that companies like Meta are touting as part of the Metaverse doesn’t even exist yet (like all those holograms they show floating in the air), but when things solidify a bit more, the Art will inevitably be a big part of the picture. We’ll probably debate whether computers really matter as artists in the years to come, and what that says about the accolades of our own creations.

Several AI-generated artworks for sale on the OpenSea NFT Marketplace.

Several AI-generated artworks for sale on the OpenSea NFT Marketplace.

For Silver, the creator of “Cassandra Ex Machina”, AI image generation is an extremely useful tool that more artists should take advantage of. “Being able to work with an AI to bring your ideas to life is an experience like no other, it increases creativity in a way that feels like freedom, a type of game you haven’t experienced since childhood,” said she declared. Cointelgraph.

AI-generated art is the next big thing in NFTs. Here’s what it means for artists who first appeared on Dornob.

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