Fetch.ai launches NFT platform for AI-generated art

Blockchain artificial intelligence laboratory Fetch.ai has launched a new NFT market for artificial intelligence-generated art, allowing users to create digital collectibles in a collaborative environment through machine learning technology.

This new platform called Colearn Paint allows a group of creators to automatically generate and jointly own NFTs designed by machine learning algorithms. Humayun Sheikh, CEO of Fetch.ai, said that the platform is geared towards “abstract works” and he sees “collective learning” as the main trend in the future.

Group learning is Concept In artificial intelligence, the application of deep learning algorithms in data and privacy is described.

Users of Colearn Paint will go through a three-step process to create randomly generated NFTs. The first step is to participate in the collective learning process through Dutch auctions. The winning bidder will enter the “random mode” and select the artwork from the pre-arranged AI generation options. The final step is to create and sell NFTs, which will allow users to distribute profits among them.

Related: After DeFi integration and Bosch cooperation, Fetch.ai (FET) hit a 2-year high

NFT has become one of the most popular blockchain use cases, and investors and venture funds are keen to support this so-called creative future.A few High-profile NFT market Have Launched this year, Each has its own focus and required utility. Emerging industries have really made great progress in 2021, NFT sales exceed 2.5 billion U.S. dollars The first half of this year.

As reported by Cointelegraph, credit card giant Visa recently caused a sensation in the NFT space Buy CryptoPunk for $150,000. In June, a CryptoPunk NFT Sold It was sold at Sotheby’s auction house for $11.8 million. Fetch.ai believes that art options generated by artificial intelligence can guide the direction of the NFT market by providing users with a more simplified digital abstraction creation and monetization process.

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