In the world of Web3, blockchain and AI are two technologies that have the potential to converge and create consumer-friendly solutions. As musician Grimes said, “I made more money from selling my NFTs than I have from making music.” This is just one example of how blockchain and AI can be used together. Here are four more practical use cases for the two technologies.
“Within 24 hours of the announcement [of DeGods’ Season III collection], trading volume increased nearly 200% while its floor price decreased,” according to The Airdrop. DeGods is an NFT collection that uses generative art associated with each individual NFT to avoid dilution.
Coinbase’s Base blockchain is a layer 2 built on top of Ethereum that already boasts over 100 compatible decentralized apps (dapps). Layer 1 blockchain Aptos, started by former Facebook employees, has partnered with Microsoft to explore blockchain-based financial-service products, including asset tokenization, payment options and central bank digital currencies.
Yue Minjun, a pioneer of the art style called “Cynical Realism,” has released his first NFT collection, “Boundless.” Holoride, an Audi-backed VR startup, is launching an NFT staking program in partnership with XOXNO, the leading marketplace on MultiversX. And Elvis Presley avatars have come to metaverse platform The Sandbox.
These are just a few examples of how blockchain and AI can be used together. As the technology continues to evolve, so will the use cases.