The summer of 2021 has seen a boom for NFTs. That’s really how Fetch.AI came about, but it’s been 10 years in the making.” NFT Summer “You start joining these together and you can start building things that were just simply not possible before. “These days, you need five different apps in order to work out how to get from Cambridge to London without finding yourself standing on a random platform waiting for a train. “People don’t really want technology, but they want to get things done. “That’s really how Fetch.AI came about, but it’s been 10 years in the making. “You start joining these together and you can start building things that were just simply not possible before,” he said. In an interview with Coin Rivet, the Fetch.ai co-founder and COO Toby Simpson explained the mission of delivering functional artificial intelligence technologies to the masses. The NFT platform will be controlled by smart contracts with the goal of creating a way for users to collectively own and train a machine learning model and access rewards. “We know the collective learning framework is the future, and we see this model being adopted for a multitude of products beyond NFTs.” “As NFTs continue to gain popularity, trained machine learning algorithms will streamline the process for users to create and sell these abstract compositions. “Fetch.ai’s NFT platform is unique in that the true artist behind each NFT is an art model, not a human,” he said. Humayun Sheikh, the CEO of Fetch.ai, explained how the new platform would help deliver a future powered by collective learning frameworks. It is hoped the works produced will be unique abstract compositions, and collectively facilitate ownership of randomly generated works of art designed through a trained machine learning algorithm in an industry first. In an industry first, the Colearn Paint platform will enable 100 exclusive designers and collectives access to utilise the new collective learning model to mint cutting-edge AI non-fungible tokens (NFTs). On the other hand, art can be a way to explore the implications of new technologies, Gentilli argues: “When you think about the whole trajectory of synthetic media, artists have been the people probably most known for experimenting with it at its rawest edge.Fetch AI – a leading British artificial intelligence lab aiming to build an open-access decentralised machine learning network for smart infrastructure – has launched a new NFT platform. But do you want your CryptoPunk to talk to you? Chatbots already exist, and it’s not clear why you’d need that bot to be attached to an NFT. Or you could take your grandparent’s diaries and use them as the seed text for a generative language bot. Your Beeple art piece or CryptoPunk could start talking back to you, he suggests. “We’re actually building a protocol that will allow you to take any NFT, put it into the smart contract infrastructure that we’ve built, and make it intelligent and interactive,” he says. So, is there an appetite for NFTs that talk back? Alethea CEO Arif Khan thinks so. Asked how, exactly, that would work, all she can come up with is, “I don’t know. “Non-fungible tokens are a way to liberate artists and give them the power of the blockchain,” she tells me. Alice has strong views on NFTs, as you might expect. “It’s fairly loose, because the audience can take it anywhere,” Gentilli says. That means she’s able to hold (somewhat stilted) conversations about life, the universe and everything… Since Alice “learns” from each audience interaction, drifting further from the original seed text, it becomes a decentralized manifesto. In this case, the asset in question is a machine-learning bot that uses a generative language model based on the OpenAI GPT-3 engine. The brainchild of artist Ben Gentilli’s Robert Alice studio and software developers Alethea AI, Alice is a non-fungible token (NFT), a blockchain-based token that can be used to prove ownership of a digital or physical asset. Decrypt reports on the world’s first “intelligent NFT” (or iNFT), being auctioned off in June as part of a collection of digital artworks at Sotheby’s.
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