AI-generated art is expected to be the next trend in the NFT space​​​

sales of non-fungible tokens or NFTs, arrive It will reach $25 billion in 2021, indicating that the industry is one of the most popular markets in the crypto space.Art NFTs in particular, which had a huge impact last year with Christie’s coverage $93M Non-Fungible Token Sale At the 4th Annual Art + Technology Summit last August.

While it’s worth noting that much of the crypto art scene seems to be dominated by cartoons and memes, as is the case with projects like CryptoPunks and Bored Ape Yacht Club take center stage. Although these projects are among the most successful to date, new subsets of NFTs are emerging based on advanced technology and human imagination.

AI-generated NFTs become a new genre of art

Known as “AI-generated NFTs,” these non-fungible tokens are gaining popularity among the art world and those interested in emerging technologies such as AI, blockchain, and Metaverse. To create AI-generated NFTs, Generative Adversarial Networks or GANs are often used. These algorithms use data to train models to generate art-like machine images using data.

AI co-artist Claire Silver told Cointelegraph that AI-generated NFT art is a relatively new genre, noting that the underlying principle is that art is created in conjunction with artificial intelligence such as GANs:

“Code-heavy options and completely no-code tools are available to anyone. I use the latter in my work. Being able to work with AI to bring your ideas to life is an experience like no other, it It enhances creativity in a way that feels like freedom, a game you haven’t experienced since you were a kid.”

To create the AI-generated NFT, Silver explained that she leveraged a text-to-art generator called “Eponym.” Developed by AI-generated art company Art AI, the Eponym tool allows users to create art based on text of their choice, and then mint those creations directly into OpenSea, the largest NFT marketplace.

“Cassandra Ex Machina” Source: Claire Silver

Art AI co-founder Eyal Fisher told Cointelegraph that Eponym allows any phrase to be transformed into a unique NFT artwork that will be etched forever on the Ethereum blockchain as a visual representation.

Fisher explained that Eponym is built on algorithms that personalize generative art, allowing people to create art by interacting with computers. “Eponym is a collaborative NFT project. Users access it by visiting a website and entering any phrase or word into a text box. The AI ​​then generates artwork based on the entered text.” Fisher added that each Text prompts can only be generated once. “There is only one Eponym called ‘Bitcoin,'” he said.

“$btc” image by Eponym. Source: Eponym

Although AI-generated art is a fairly new concept, Fisher shares The first Eponym project OpenSea sold out overnight, making it one of the largest collaborative art projects created by 3,500 different artists. “This is an experiment in decentralized art. The people who own Eponyms are the creators of this art and want to curate it,” he said.

While Eponym allows users to create their own artistic NFTs, Metascapes is another project developed by three photographers that aims to combine human expression with 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 photos taken around the world. Like Eponym, Metascapes utilizes AI algorithms to create NFTs inspired by nature. According to Newburn, the first Metascapes collectibles are scheduled to be minted at the end of this month or early February.

“Frozen Journey” Source: Metascapes

The AI ​​team behind Metascapes (named Versus Labs) explains that the artwork in each collection is created by training data to recognize real-world images:

“We have images and labels of photos, called ‘training data’. When we need to generate an output model, we put in a label that tells the model what type of image to output. For example, ice caves and volcanoes are what photographers have studied in the past Two categories, but that’s not the bulk of the input data, so we wanted to make sure the output included examples of ice caves and volcanoes.”

Versus Labs added that Metascapes’ AI learns over time, noting that the generator of the output data gets better over time because both learning models are used simultaneously. “The generator outputs random noise at the beginning, and the discriminator model tells the generator how to improve the output, so it looks more like the training data. This loop continues, ensuring that both models improve over time.”

Another photographer behind Metascapes, Iurie Belegurschi, told Cointelegraph that, as a photographer, the Metascapes team chose to work with AI to generate images because everything related to NFTs and Web3 is about machines, computers, and code:

“We decided to work with machines to create a whole new world in the metaverse. Now everyone is buying PFP avatars, but in our case, people will get a unique piece of land in the metaverse.”

The impact of AI on artists and NFT collectors

While AI-generated NFTs are still a nascent concept, this model is already starting to affect artists and NFT collectors. For example, called “Cami is here” told Cointelegraph that working with AI fundamentally changes the role of the human artist:

“People need algorithms, and algorithms need people. To me, this new role means data collection, writing code, curation, inspiration for creating topics, and most importantly, “guiding” algorithms. The process is dynamic and the results It’s collaborative.”

The Cartographer from: Kami was Here

Regarding the difference between generative art NFTs and other non-fungible tokens, “Kami was Here” explained that each result is completely unique because it is born from the algorithm. “Generative art explores the future of a society closely intertwined with human-computer interaction,” said the artist.

Additionally, Fisher noted that accessibility and a newfound desire to own NFTs are the result of AI-generated images. “Many of our users are creating NFTs for the first time, and NFT collectors and buyers are making their own creations. This is unusual because most of the people in our community are not professional artists.”

Dr. Alex Alter, lead AI scientist at Altered State Machine, a protocol that uses NFT intelligence to create intelligent AI agents, further told Cointelegraph that AI-generated NFTs not only look unique, but also bring a deeper sense of abstraction to individuals. “These NFTs are really unique in the sense that there is not a single area in any AI artwork that has similar pixels. Also, in the future, people will be able to create AI artworks through DAO and chatbot technology. This Far beyond what other NFTs can do today.”

Singularity by AIIV Source: Dr. Alex Alter

Can AI be trusted to create meaningful NFTs?

While the potential of AI to generate NFTs is obvious, the question of whether AI can generate high-quality images from text or photos remains a question.

As such, Newburn mentions that Metascapes has carefully curated each of their collections. “Our AI team has generated tens of thousands of images. Not all of them will show up in our mints. If we’re not happy with a category, we strategize and retest which categories work with each other. Our human Intelligence has learned from many tests.”

It is also important to note that there are different ways to generate AI-based NFTs. For example, Fisher mentions that Eponym has two versions of the generator available for public use, one that runs as a chatbot on the company’s Discord channel, and the other that operates as a private link and contains more sophisticated algorithms capable of creating more advanced images. “Kami was Here” further notes that some AI artworks take only a few minutes to generate, while others may take longer:

“There are now free apps like Wombo that make it easy to generate images. It’s easy for people to create. On the other hand, AI art can also take months to build and train your algorithm, collect input data, and pay for processing power … AI art can also be resource-intensive and personalized.”

Technology aside, AI-generated NFTs will surely become a disruptive trend in the future. According to Dr. Alter, AI-generated art is already seeing significant transaction volume on OpenSea, noting that the market will continue to grow this year. He mentioned that this will be partly due to AI’s ability to generate NFTs. “In the future, people will be able to have their own ‘AI artist’ NFT (AI that can produce art), or use DAO AI to create art with that AI artist.”

Furthermore, the rise of Metaverse should boost the growth of AI-based NFTs. For example, Fisher says Eponym’s next project will feature interactive virtual identities where users can take a portrait of themselves to create a 3D avatar and animate it using artificial intelligence. “The idea is to use artificial intelligence to allow avatars to take on different shapes that are compatible with virtual world environments like sandboxes. In February, the company will introduce additional algorithms that allow users to generate personalized avatars.”