{"id":329699,"date":"2021-08-24T19:15:00","date_gmt":"2021-08-24T16:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fetch-ai-launches-nft-platform-for-ai-generated-art\/"},"modified":"2021-08-24T19:15:00","modified_gmt":"2021-08-24T16:15:00","slug":"fetch-ai-launches-nft-platform-for-ai-generated-art","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fetch-ai-launches-nft-platform-for-ai-generated-art\/","title":{"rendered":"# Fetch.ai launches NFT platform for AI-generated art"},"content":{"rendered":"

“# Fetch.ai launches NFT platform for AI-generated art <\/strong>”
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Blockchain artificial intelligence lab Fetch.ai has launched a new NFT marketplace for AI-generated art, giving users the ability to create digital collectibles in a collaborative setting through machine learning technology<\/a>.\u00a0<\/p>\n

The new platform, dubbed Colearn Paint, allows groups of creators to automatically generate and collectively own NFTs designed by a machine learning algorithm. The platform is geared towards \u201cabstract compositions,\u201d according to Humayun Sheikh, CEO of Fetch.ai, who cited \u201ccollective learning\u201d as a major trend for the future. <\/p>\n

Collective learning is a concept<\/a> within artificial intelligence that describes the app<\/a>lication of deep learning algorithms to data and privacy. <\/p>\n

Users of Colearn Paint will be taken through a three-step process for creating randomly generated NFTs. The first step entails bidding through a dutch auction to participate in the collective learning process. The winning bidders will input a \u201crandomness pattern\u201d and select art from the prearranged AI-generated options. The final step is the creation and sale of the NFT, which will allow users to distribute the profits among themselves. <\/p>\n

Related: <\/em><\/strong>Fetch.ai (FET) hits a 2-year high after DeFi integration and Bosch partnership<\/em><\/strong><\/p>\n

NFTs have emerged as one of the most popular blockchain use cases, with investors and venture funds keen to back this so-called future of creativity. Several high-profile NFT marketplaces have launched this year, each with its own focus and desired utility. The nascent industry has truly hit its stride in 2021, with NFT sales topping $2.5 billion in the first half of the year. <\/p>\n

As Cointelegraph reported, credit card giant Visa recently made a splash in the NFT space by purchasing a CryptoPunk for $150,000. In June, a CryptoPunk NFT sold<\/a> for $11.8 million on Sotheby\u2019s auction house. Fetch.ai believes that AI-generated art options could steer the direction of the NFT market by giving users a more streamlined process for creating and monetizing digital abstractions. <\/p>\n

Related: <\/em><\/strong>Mark Cuban-backed Alethea AI closes $16M private token sale<\/em><\/strong><\/p>\n