non fungible tokens

AI Is No Easy Fix for NFT Selloff, Says Creator of Historic $69 Million Artwork

20Jul

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Technology

AI Is No Easy Fix for NFT Selloff, Says Creator of Historic $69 Million Artwork

[ad_1] The intersection of artificial intelligence and nonfungible tokens provides no simple antidote for the slump in the market for digital collectibles, according to the artist Beeple.Proponents of AI-generated art claim it offers a new type of interactive creativity that can be tied to NFTs to potentially reignite interest in that marketplace, where activity has tumbled since a peak in 2022. But Michael Winkelmann, better known as Beeple and famed for his Everydays NFT artwork that fetched $69.3 million in 2021, said on Bloomberg Television that “AI isn't some sort of quick fix to give value to NFTs.” “This is a tool that everybody now has,” he told Caroline Hyde and Ed Ludlow. “If it is something that is easy for you to do with AI and make, it probably won't have lasting value beca...

Europe’s ‘First’ NFT Vending Machine Gets Cold London Reception

[ad_1] A neon purple vending machine dispensing nonfungible tokens for £10 ($11.18) a pop has materialized in the middle of London, drawing frosty stares from passers-by in the British capital. A neon purple vending machine dispensing nonfungible tokens for £10 ($11.18) a pop has materialized in the middle of London, drawing frosty stares from passers-by in the British capital. The glowing gadget is the 21st century iteration of the first coin-operated machines seen in the city in the 1880s, doling out postcards. Sited at the Queen Elizabeth II Centre in Westminster, it will be available between Nov. 3-4 for the NFT. London conference, which brings together the local crypto community for debates and workshops. Fans have not been put off attending the event even though NFT trading vol...

CoinShares Develops Twitter Bot to Track ‘Fair’ NFT Prices

[ad_1] CoinShares has spurned its usual diet of exchange-traded and capital markets products for a new project: a Twitter bot. CoinShares International Ltd, Europe's largest digital asset trading house, has spurned its usual diet of exchange-traded and capital markets products for a new project: a Twitter bot that can tell users the true price for a nonfungible token. Pricing for NFTs, unique digital collectibles ranging from pixelated artwork to plots of land in video games, is usually driven by how much hype the collection's creator has generated. Popular collections include Yuga Labs Inc.'s Bored Ape Yacht Club, Larva Labs' CryptoPunks and Otherdeed, which represents digital land created for Yuga Labs' virtual world Otherside. CoinShares said that since demand for NFTs decline...