The field of generative AI has rapidly evolved in recent years and is already being used for a variety of different purposes. The intersection of generative AI and NFTs is a natural one — both are cutting-edge technologies that are pushing the boundaries of what is possible.
One of the most intriguing applications is in the realm of art. With the ability to create original pieces that are indistinguishable from those produced by human artists, generative AI is opening up new possibilities for creativity. Midjourney and Stable Diffusion are just two examples of generative AI imaging models today.
Verifiable authenticity is an extremely powerful use case in the art world, where fakes are commonplace. The decentralized and secure nature of the blockchain makes it a natural fit for managing ownership and transactions. Even more importantly, NFTs enable new business models for generative AI in art by creating a layer of scarcity on top of it.
Besides collecting and acquiring AI artwork, what if you could own the AI artist instead?
Enter Botto, one of the more fascinating projects in this space. Botto straddles the line between generative AI, art NFTs, and DAO governance.
For more on Botto, check out our new report from Delphi NFT Analyst Teng Yan.