There can be several effects of AI on NFTs. AI may make some NFTs more useful, attractive, or more valuable. There may end up being virtually infinite variations within the NFT world due to the ability of AI mass produce while also creating variety. On the other hand, AI may simply end up clogging up the NFT marketplace with millions of variations on any given NFT theme and crowding out any individual creativity. https://youtu.be/NsXTOKUf0E8

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www.ProfitableInvestingTips.com

2. Artificial intelligence applications are finding
more and more uses in more and more
technological niches. One of these is the
world of NFTs (non-fungible tokens). There
can be several effects of AI on NFTs. AI
may make some NFTs more useful,
attractive, or more valuable.

3. There may end up being virtually infinite
variations within the NFT world due to the
ability of AI mass producing while also
creating variety. On the other hand, AI may
simply end up clogging up the NFT
marketplace with millions of variations on
any given NFT theme and crowding out
any individual creativity.

4. What Will AI Do to Creativity in the World
of NFTs?

5. Be In Crypto sees AI fueling a surge in NFT
digital creativity while at the same time
adding computing power to NFT niches
like sports. The addition of an intelligent
entity holds the potential to widen NFT
markets, increase opportunities, and
generate totally new business models.

6. The flip side of this argument is that an AI
app with virtually unlimited capacity may
generate millions of versions of any given
NFT, dilute the market, and shrink NFT
values. How valuable would an early
Picasso painting be if he had used AI to
create thousands of variations of every
single work of art?

7. Mixing Art and NFT Business Functions
with AI

8. Decentralized finance and, to an increasing
degree, the world of NFTs use smart
contracts. AI holds the promise of making
such contracts smarter and far more common
in NFT-related transactions. The role of
artificial intelligence in NFTs is already
moving beyond creativity and endless
variations on any given theme. AI will let NFT
creators and traders fine tune their work to
target a profitable niche and fine tune their
pricing to maximize profits.

9. As AI becomes increasingly integrated into the
NFT world we will see innovations like the
GPT-3 language model prompt (generative
pre-trained transformer 3) within smart
contracts themselves. This sort of all-in-one
system will let people create NFTs with the
same software apps that they use to market
their NFT products, determine pricing, and
even determine which types of new NFTs to
create based on current market conditions.

11. AI and Interactive NFTs

12. The ChatGPT AI app has taken the world by
storm. It is capable of carrying on human-like
conversations with real live people. This sort
of technology opens the doors to interactive
NFTs and a much wider range of NFT
experiences than seen in digital artwork,
sports video clips, and the like. Because of
the innate creativity of an advanced AI app,
this sort of NFT has the potential to create
new “content” over time.

13. It also runs the risk of replicating the content
of other NFTs which could create copyright
issues. Another issue, noted by a New
York Times reporter, is that an AI app can
seem a little crazy at times. This was noted
when the reporter entered into a prolonged
chat with the ChatGPT app at the end of
which the app suggested that the reporter
leave his wife and come to live (in
cyberspace?)

14. with the app! This sort of interaction raises
the risk of serious harm and legal issues if
a person who purchases an advanced,
interactive NFT app ends up being
convinced to hurt them self.

15. Will AI Make NFT Art Better or Simply
Create More of the Same?

16. We have made the point before that making
money in the art world requires knowledge,
judgment, an eye for what will become
popular down the line, and a fair amount of
luck. NFTs are, at their core, collectibles
like works of art. A Rembrandt painting is
not only valuable because it is a great
work of art but because it is one of a kind.

17. A basic issue that we see with the
introduction of mass production capacity of
AI into the NFT world is that every possible
of variation of every possible NFT will be
generated. There may not be any unique
NFTs left when AI is done with the NFT
world and the NFT art ecosystem.

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