Here’s How People May View NFTs Differently From Now On

Originally posted here.
By: Oliver Dale @

Overview

Anyone who has been paying attention to the world of non-fungible tokens (NFTs) would know that this industry has skyrocketed in 2021, with traders, artists and content creators from all over the world becoming increasingly involved. In fact, just in this year alone, the total sales value over 30 days was around a massive $147 […]

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The Post

Anyone who has been paying attention to the world of non-fungible tokens (NFTs) would know that this industry has skyrocketed in 2021, with traders, artists and content creators from all over the world becoming increasingly involved. In fact, just in this year alone, the total sales value over 30 days was around a massive $147 million as of December 15th.

Needless to say, this industry is not going anywhere although this does beg the question of how NFTs continue to be perceived, with new and innovative technologies such as that of AI being utilised to change the perception of these non-fungible tokens as well as what they can do.

How can AI be used to change NFTs for the better?

Although NFTs continue to be immensely popular, one of the main concerns is that a lot of artists tend to simply copy what they see elsewhere. For instance, there have been countless imitations of well-known NFT collections like CryptoPunks and the BAYC (Bored Ape Yacht Club), and this has since resulted in a certain sense of stagnation for the sector as very few people are currently striving to create something that is truly unique.

Inheritance AI wants to change this, as the project led by Vincent Peters hopes to utilise cutting-edge technologies to forever prolong the human experience by using new innovation-based efforts and AI. One of the ways it accomplishes this is via Inheritance AI’s capacity to remember an individual client’s habits and peculiarities for instance, through which their image and overall personality might be retained permanently.

Regarding NFTs and art though, there is ‘Inheritance Art’, which is essentially going to use holographic technology alongside spatial reality displays in order to recreate all kinds of famous artworks. The goal is to hence generate visual content that would be exceedingly lifelike and would utilise ground-breaking digital effects, all while collaborating with some of the top content creators and artists in the world.

Interactivity is the name of the game

Aside from the aforementioned holographic artworks, Inheritance is also working towards offering two-dimensional intelligent NFTs which would incorporate the usage of robust databases and would additionally have natural language processing.

This is important because a major reason as to why NFTs became so popular in the first place was due to the sense of community that was provided to those who were involved in this sector. As such, Inheritance is making the digital assets very interactive and dynamic, which would allow for individuals to communicate with them in an innovative way.

Why do all this?

As previously alluded to, NFTs are being widely used because they can help bring people from all walks of life closer together. As the ongoing pandemic continues, there is a clear need for individuals from various backgrounds to become increasingly interconnected, and Vincent Peters wants to achieve this goal through Inheritance Art. He already has his own private art galleries that can be found in Los Angeles, and one of the main points of focus in these galleries is based around bringing memories back to life and essentially reconnecting with what has been lost to us.

In a nutshell, Inheritance Art is thus known for its hyper-realistic holographic art. Vincent Peters founded it with the intention of bringing people closer together through a vision for both fine art and the future of the NFT industry, and from the looks of things on the website’s catalog , that is exactly what he is currently doing.

The post Here’s How People May View NFTs Differently From Now On appeared first on Blockonomi .