The Emergence of AI Art and Its Impact on the NFT Market
Artificial intelligence (AI) has revolutionised many industries, and the art world is no exception. The emergence of AI art has created a new genre of art, which is created using algorithms and generative models. With the rise of non-fungible tokens (NFTs), AI art has become even more relevant, as it allows artists to create and sell verifiable digital assets.
In this article, we'll explore:
How AI is used in art
The legality of using AI art
The most famous examples of AI art
How to upload your own AI art to NFT marketplaces
AI in Art
The term "AI art" is used to describe art that has been created using AI algorithms.
AI can be used in the art world to create new works of art that would not have been possible without the use of AI. This has led to the emergence of a new art form that is both fascinating and controversial.
AI has been used in art in a number of ways, including the creation of generative art, algorithmic art, and digital art.
1. Generative art
This involves using an algorithm to generate images or animations that are unique and unpredictable.
2. Algorithmic art
This uses mathematical formulas and logic to create works of art
3. Digital art
This involves using digital tools to create art that is displayed on screens or projected onto walls.
Advantages of AI Art
One of the key advantages of AI art is that it allows artists to explore new creative possibilities that were previously impossible.
The algorithms used in AI art can generate millions of variations of a single image, giving artists endless possibilities to experiment with colour, texture, and form.
This has led to the creation of entirely new art forms, such as AI-generated music and poetry.
Legal Considerations of AI Art
One question that often arises when discussing AI art is whether it can be legally used. The answer is that it depends on how the AI is used.
If the AI is used to create a new work of art that is entirely original, then the artist owns the copyright to that work.
However, if the AI is used to create a work that is based on an existing copyrighted work, then the artist could be infringing on the copyright of the original work.
One way to avoid copyright issues is to use open-source algorithms, which are available for anyone to use and modify. This allows artists to create entirely original works of art without having to worry about infringing on the copyrights of others.
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The Most Famous AI Art
One of the most famous examples of AI art is the "Portrait of Edmond de Belamy," which was created by the Paris-based art collective Obvious. The artwork was created using a generative adversarial network (GAN), which is a type of machine learning algorithm that can generate new images that are similar to existing images.
The "Portrait of Edmond de Belamy" was sold for $432,500 at a Christie's auction in 2018, making it the first AI-generated artwork to be sold at a major auction house. The sale of the artwork was a landmark moment for AI art, as it demonstrated that AI-generated art can have significant value in the art world
Uploading AI Art to NFT Marketplaces
If you're an artist who has created AI art and you're looking to sell your work as NFTs, there are a number of platforms where you can do so. OpenSea is one of the most popular NFT marketplaces for digital art.
OpenSea was the world's first and largest decentralised marketplace for NFTs and crypto collectibles. Founded in 2017, the platform quickly rose to prominence for its ease of use, unique NFT listings, and large trading volume. It currently boasts tens of thousands of active traders with an estimated all-time trading volume of $20 billion. In addition, the platform is home to some of the world's most notable and high-demand NFT collections, including Crypto Punks, Bored Ape Yacht Club, and more.
Pros of OpenSea
User-friendly interface
Supports payment in up to 150 different cryptocurrencies.
It currently supports eight blockchains.
Is home to the largest and most diverse collection of NFT projects.
Gasless minting is available.
Available on mobile devices (iOS and Android)
The upload process
As for uploading your AI-generated artwork to an NFT marketplace like OpenSea, the process is fairly straightforward.
You will need to create an account on the marketplace, then navigate to the “create” section where you can upload your artwork and add relevant details such as the title, description, and pricing information.
However, if you’re someone who is curating collections of more than one NFT, the uploading process to Opensea might seem tedious and slow.
This is where we come in at BulQ! With our platform you can skip the one-by-one upload process and upload hundreds of NFTs at once, using smart contracts, saving you a huge amount of time and letting you get back to the fun stuff… creating and selling!
To sum it up, AI art and NFTs are two exciting and rapidly growing fields that offer a wealth of opportunities for artists and collectors alike.
By understanding how AI is used in art, the legal considerations surrounding AI-generated artwork, and the best practices for uploading and bulk uploading and selling NFTs on marketplaces like OpenSea, you can take advantage of these trends and potentially earn significant returns on your artwork.