The Impact of AI on NFTs

AI (artificial intelligence) has evolved substantially over the years and is inciting many conversations in the art and NFT communities. Allowing anyone to create detailed and quality artwork regardless of their artistic abilities, some are questioning the impact this can have on authenticity and human creativity, though ultimately, AI is a tool that needs human direction and input.

An example of highly valued AI art is "Botto," a collection that sold 6 pieces for $1.3 million on SuperRare and successfully married both AI tools and human creativity as they input works of famous artists, such as Van Gogh and Monet, and use AI to generate a fresh take on these styles.

It remains to be seen how the use of AI technology will impact the NFT market, though it will likely change the way investors and collectors view the value of NFTs. With AI removing barriers to entry, we could see an oversaturation of the market or a fresh influx of new investors. It will be important for the NFT community to have a conversation about the implications of AI on the art and NFT world as the use of technology becomes more prevalent.