John Leighy explained what NFTs are, clarified how the technology works, and spoke about the use cases of NFTs.
NFT Art is a new and exciting way to create, view, and collect digital art. NFT Art uses the same technology as cryptocurrencies like Bitcoin and Ethereum, but instead of being used as a currency, NFT Art is used to creating unique digital artworks that can be bought, sold, or traded like traditional art.
NFT Art is created by combining images, video, and/or audio with blockchain technology. This allows artists to create unique works of art that can be verified as authentic and cannot be replicated. NFT Art can be bought, sold, or traded like any other piece of art, and can even be used to create new artwork by combining multiple NFTs.
NFT Art is still in its early stages, but there are already a number of artists and galleries experimenting with this new medium. As the technology develops, it is likely that NFT Art will become more widely used and accepted by the art world.
What is NFT art? Here in this article, we hope to give you a better understanding of Non-Fungible Tokens, their potential, and what they mean for the world of digital art.
What are NFTs?
In simple terms, a Non-Fungible Token (NFT) is a unit of data on a blockchain that represents something unique and therefore, not interchangeable. This is in contrast to cryptocurrency tokens like Bitcoin or Ether, which are fungible, meaning each one is the same as any other.
NFTs can represent anything that is unique, from digital art and collectibles to in-game items and even real-world assets. They are stored and traded on blockchain platforms, using the same decentralized technology that underpins cryptocurrencies.
However, unlike cryptocurrency tokens, which have many uses, NFTs generally only have one use: to represent the thing they are tokenizing. This makes them more like digital certificates of ownership than currency.
How Do NFTs Work?
NFTs are stored on a blockchain, which is a decentralized database that is managed by a network of computers, rather than a single company or organization. This makes them very difficult to counterfeit or copy, as any attempt to do so would be immediately apparent to everyone in the network.
When you buy an NFT, you are actually buying a token that represents the item. The item itself is usually stored off the blockchain, in what is known as a digital wallet. The token acts as a certificate of ownership for the item and can be traded or sold like any other piece of art or collectible.
What Can NFTs Be Used For?
NFTs can be used to represent anything that is unique. This includes digital art, collectibles, in-game items, and even real-world assets.
Digital art is the most common use case for NFTs at the moment, as it is easy to create and verify unique digital artworks using blockchain technology. NFTs can also be used to represent physical artworks, such as sculptures or paintings.
In the future, it is likely that NFTs will be used to represent a wider range of items, including real-world assets such as property or land. This would allow for the creation of a decentralized marketplace for buying and selling assets, with no intermediaries, such as banks or real estate agents. Picture this: your car gets stolen, and the police find someone driving the same car as yours, paint job and everything. Imagine being about to prove ownership using an NFT which is literally, a programmed certificate of ownership imprinted into your possession.
How to Make NFT Art?
There are a few different ways to create NFT art. The most common method is to use blockchain-based platforms, such as Ethereum or Waves. These platforms allow artists to create and verify digital artworks that can be bought, sold, or traded like any other piece of art.
Yet another way to create NFT art is to use traditional methods such as painting or sculpting. These artworks can then be digitized and stored on a blockchain platform.
Lastly, you could have an AI create an NFT artwork for you.
AI Generating Art
There are a few different ways to create NFT art using AI. The most common method is to use GANs, or Generative Adversarial Networks. These are algorithms that can generate realistic images from scratch.
Another way to create NFT art using AI is to use preexisting images or videos. These can be modified or enhanced using AI to create unique and visually stunning artworks.
Lastly, you could use AI to create 3D models or sculptures. These could then be 3D printed or cast in metal to create physical NFTs.
There are many benefits to using an AI to generate art. Firstly, it is much easier to create unique and visually stunning artworks using AI than it is using traditional methods. Secondly, it is much faster to generate art using AI than it is to generate art using traditional methods. Finally, it is possible to generate an infinite number of artworks using AI, which means that there is no limit to the number of NFTs that can be created.
Examples of NFT Art Created by AI
Below are some examples of NFT art that has been created by AI.
Portrait of Edmond de Belamy by Obvious
Portrait of Edmond de Belamy is a digital artwork created by Obvious using AI. It is a portrait of the fictional character Edmond de Belamy, who was created by the AI algorithm used by Obvious.
Robbie Barrat has used AI to generate a number of digital artworks. Works like these have been sold for tens of thousands of dollars. He's made serious money selling his AI work as NFTs.
As you can see, there are many different ways to create NFT art using AI. Whether you use GANs to generate images from scratch, pre-existing images or videos, or 3D models or sculptures, you can create unique and visually stunning artworks that can be stored and traded on a blockchain platform.
NFTs are the future of art. With their ability to be stored and traded on a decentralized platform, and their use of blockchain technology, NFTs offer a number of advantages over traditional methods of storing and trading art. If you are an artist, or you are interested in art, then you should definitely consider using NFTs to create and trade your art.