The role of AI in the future of NFT and digital art markets and web3

(MENAFN- Asdaf News) Amir “Mondoir” Soleymani, founder of Mondoir Gallery, who was recently recognized on NFTNow’s second annual NFT100 list of influential creators and community leaders, shared his insights on the role of artificial intelligence (AI) in the future of NFT and digital art markets and Web3.

Mondoir Gallery is a must-visit destination for art enthusiasts and collectors alike. The gallery is dedicated to bridging traditional and digital art, creating a new paradigm for art collectors and enthusiasts.

With the rise of AI and machine learning (ML), the NFT space is well positioned to detect security threats and provide users with a safe, accessible and reliable experience. Numerous prominent artists in the NFT space are already using AI collaboration in their workflows, and the technology has advanced significantly in the past year with tools like DALL-E and ChatGPT. These advances have raised ethical questions about creating and selling AI-generated art, but the technology promises to create more engaging digital experiences and innovative creative processes across all domains of art and design.

The United Arab Emirates (UAE) is quickly establishing itself as a global leader in the adoption and regulation of cutting-edge technologies such as AI and NFT. With forward-looking initiatives such as the National Strategy for Artificial Intelligence 2031 and the UAE Council for Artificial Intelligence and Blockchain, the nation is proactively creating an AI-friendly ecosystem that encourages research, collaboration and innovation. These efforts extend to the highest authorities, as evidenced by His Highness Sheikh Mohammed bin Rashid Al Maktoum’s recent issuance of Law No. 9 of 2023, which regulates autonomous vehicles in Dubai. This ground-breaking legislation aims to accelerate the city’s smart mobility transformation, attract investment in the sector and provide a regulatory environment that promotes the use of artificial intelligence in transport. The UAE’s rapid adaptation and commitment to supporting and monitoring emerging markets such as AI and NFT exemplifies the nation’s drive to transform Emirates like Dubai into a model for future cities and an outstanding destination to live, work and visit.

The dynamic growth of legislation for AI in the NFT art space is evident, and AI generated art can now be sold in the form of NFTs. However, ownership of AI-generated images remains the subject of ongoing debate, with some generative AI software retaining ownership while others argue that such images belong in the public domain.

Other trends expected to dominate 2023 include NFT tickets for live and virtual events, membership cards that unlock incentives and rewards, and the rise of “phygital” goods that combine physical and digital properties.

As AI continues to play a central role in the NFT and digital art markets, Amir “Mondoir” Soleymani and Mondoir Gallery will be at the forefront of these trends, further establishing themselves as leaders in the Web3 space.

Tags#ai #mondoir gallery #uae 21 minutes ago 293 2 minutes read

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