NEW YORK, NY, April 13, 2023 (GLOBE NEWSWIRE) — Trend Innovations Holding Inc. (OTCQB: EXERCISE), a company specializing in acquiring, creating and developing innovative software technologies using artificial intelligence (AI), will combine two recent acquisitions to upgrade and launch a more robust version of the company’s newly acquired InstantFAME™ platform. InstantFAME is a mobile and web application operating in the multi-billion dollar digital artwork market for artists to securely publish and sell their digital artwork.
The plan is for Trend Innovations to use its second acquisition, the sophisticated machine learning AI system, Ahead! AI™ (Avant), to further the functionality of InstantFAME, including plans to develop an NFT marketplace and gallery, which will land the company in the highly lucrative and extremely popular arena of non-fungible tokens (NFT) – one of the fastest growing the sectors of the crypto industry.
NFTs are unique digital assets that are provably unique and issued/stored on the blockchain, which is a form of digital ledger. NFTs are made in many forms, including artwork, digital collectibles, music, and even items in video games. Each “non-fungible” token contains identifying information recorded in smart contracts, and it is this information that makes each NFT unique. This uniqueness is why they cannot be directly replaced by another token and what gives their assets their value. Bitcoin, for example, is a “fungible” token because you can exchange one for another.
The sale of online art and digital artwork is booming and represents an ever-growing market worldwide. Throw NFTs into the mix and there is real potential to create something special. Enter Avant AI, which gives Trend Innovations the exciting opportunity to either incorporate a built-in NFT marketplace into InstantFAME or to develop a similar stand-alone product. Regardless, the company is now armed with the technology to create a blockchain-based, decentralized, social media platform with a built-in NFT marketplace and gallery that caters specifically to creators and investors. It is a development that will exponentially expand the company’s offer in the field of digital art sales.
Why is this important for Trend Innovation’s shareholders? Well, Bitcoin has rebounded to around $30,000. The NFT market surged in February, topping $2 billion in total trading volume according to data from DappRadar – a 117% increase from the previous month. And that momentum remained strong last month with another $2 billion in total trade for a total of $4 billion in total trade during February and March alone. Grand View Research reports that the global market for non-fungible tokens is expected to reach $211.72 billion by 2030, growing at a compound annual growth rate (CAGR) of 34.2% from 2023 to 2030. The research firm suggests the growing demand for digital art worldwide. is one of the most important factors driving growth in the NFT market.
Digital art refers to any artistic work or practice that uses digital technology as part of the creative or presentation process. And the online art sales marketplace where the company’s InstantFAME platform will call home is valued at more than $13 billion globally, while in the U.S. the digital art marketplace is projected to reach $6.5 billion in sales this year. These figures do not include NFTs.
InstantFAME will offer artists and art lovers an opportunity to connect and grow the digital art community in a safe and social atmosphere. Artists upload their digital art to InstantFAME, then gain a following on the platform that rewards them with “likes” for their artwork, which in turn increases the monetary value of each of their pieces, and ultimately gives the artists a platform to sell their work.
Advancing the functionality and increasing InstantFAME’s capabilities will provide a much improved platform for digital artists. Trend Innovations will integrate Avant AI into InstantFAME to both manage and monitor monetization of the platform, as well as improve its cyber security and censorship systems.
The company’s CEO stated: “Avant AI will control censorship technology for pattern recognition to provide a moral and safe environment for all ages and communities. It is also planned to use Avant to support NFT platforms in the future, maintain data in the blockchain and manage internal application operations. In addition, Avant machine learning technology will be used to identify security requirements, pinpoint cyber threats and potential vulnerabilities, quantify critical threats/vulnerabilities and prioritize remediation methods.”
These upgrades will demonstrate just a fraction of what the company’s new powerful and sophisticated AI engine can do. And the upgrades to InstantFAME will initiate the opportunity for Trend Innovations to become the best marketplace for artists, including those who create NFTs.
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About Trend Innovations Holding Inc.
Trend Innovations Holding is an expert in information technology based on artificial intelligence. Recently, Trend Innovations acquired Avant! AI™ and InstantFAME™, two technologies operating in multi-billion dollar industries. The company’s “Thy News” application is one of the company’s key projects. Thy News is a worldwide application used to process news from multiple sources. Thy News was created for users who value their time, but who want to follow the latest in world news. The app gives the user the opportunity to create their own news feeds exclusively from the sources that are of interest to them, in addition to creating several news feeds segmented by topic.
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