Combine Generative AI and NFT also Loyalty, means CreatorFi

Web3

Web3, also known as the decentralized web, is a new generation of the internet where users have greater control over their data and assets. Unlike today’s internet that relies on centralized servers, Web3 uses blockchain technology to create a decentralized network where data is stored on a distributed ledger. This approach ensures that users have more autonomy over their data and transactions are processed in a trustless manner.

While cryptocurrencies such as Bitcoin and Ethereum are well-known examples of Web3, the concept extends beyond digital currencies. Other components of Web3 include NFTs, GameFi, DeFi, Metaverse and more. In particular, NFTs such as Azuki, MAYC, BAYC and Moonbirds have become blue-chip investments that people are interested in for potential arbitrage opportunities. Despite the fact that the Blur marketplace has launched airdrops of tokens, the bearish trend of the NFT market could not be reversed this year.

Beyond simply profiting from NFTs, it is crucial to use them for practical purposes. Uniqueness and ownership are the defining characteristics of NFTs in Web3. Therefore, if they can be employed in reality, they have the potential to revolutionize the financial market and provide continuous profit to many individuals.

Generative AI

Generative AI is a form of artificial intelligence that involves teaching machines to learn and make decisions based on data, simulating human intelligence. In recent years, AI has made significant progress and has become increasingly widespread in our daily lives. Virtual assistants such as Siri and Alexa are examples of popular AI applications that use natural language processing to understand and respond to user requests. However, the release of OpenAI’s ChatGPT, a new Large Language Model (LLM), to the public has marked a turning point for AI. We are now entering a new era of Generative AI where individuals have the opportunity to own their own AI in various formats. These AIs can increase productivity and efficiency while reducing business costs. Companies like Microsoft and GitHub have already integrated AI copilots into their products. Many more AI products are entering the market, signaling that AI is rapidly advancing and becoming ubiquitous.

While some may worry that AI will replace human workers, the impact of AI on jobs will vary depending on the situation. Repetitive tasks that can be easily automated are at risk of being replaced by AI. With massive datasets and over 170 billion total parameters, AI algorithms can process information faster and at a larger scale than humans. However, creative work that requires human ingenuity and imagination is much harder to replace. AI cannot create original content and its creative ability is limited. Therefore, individuals who excel in creative fields have little to fear from AI.

Also, small organizations can achieve big things with the help of AI. Companies like Midjourney, an AIGC company with just 11 employees, have generated $100 million in revenue, showing that small groups can achieve significant success with AI. Likewise, content creators can use AI copilots to support their work in specialized areas, potentially reducing costs and increasing efficiency and productivity. The trend of small organizations achieving great success with the help of AI is likely to continue in the future.

Generative AI + NFT + Loyalty = CreatorFi: Super Individual

The convergence of AI and Web3 creates a multitude of possibilities. AI can analyze data and provide content creators with recommendations on how to optimize their creations, as well as improve the security of the Web3 by detecting and preventing fraud.

One area where the integration of AI and Web3 can have a significant impact is in CreatorFi. The creative economy has seen tremendous growth in recent years, especially with the rise of platforms like Tiktok, where content creators can monetize their work and engage directly with their audience. This trend is expected to continue with explosive growth in the future, driven by AI and Web3.

Currently, many artists use NFTs to authenticate their works. Platforms like sound.xyz provide a Web3 platform for musicians to upload their music to the blockchain and use NFTs to verify ownership, as well as enable the trading of these NFTs. However, verifying the copyright of NFTs remains a challenge. Some projects open their copyright to the public, while others do not, leading to copyright infringement issues.

Fortunately, Generative AI can help solve this problem. AI can detect authentic data to verify copyright and authenticity, as demonstrated by projects like LIKN. Content creators can use LIKN to upload their work to the blockchain as NFTs, which can be permanently stored on the blockchain and traded on many marketplaces. AI can perform detection, authentication, generation and copyright verification throughout the process, with the blockchain recording the copyright of the data.

On the audience side, if they buy content creators’ work, they can use AI to learn about the main content and train their AI copilots. This creates a cycle of creative consumption, from which all parties involved can benefit.

The integration of AI and Web3 provides a number of opportunities for content creators to improve performance and monetize their work. Blockchain’s distributed ledger technology allows each node to become a “super-individual”, with the ability to use AI to improve their creations, increase efficiency and productivity, and authenticate works’ copyright. The integration of AI and Web3 is crucial for the continued growth of the creative economy in the future.

About SIMILAR

LIKN is a powerful yet simple Web3 component and protocol, which connects Web2 content to Web3. With LIKN, you can create your NFTs by simply entering the content URL that contains information that you want to share and exchange with others. LIKN’s ability for copyright verification and user experience is now strengthened by AI.

At LIKN, anyone can create an exquisite NFT by entering the content URL. The minted NFTs can be traded on some NFT marketplaces without restrictions through centralized platforms. Only the owner of the collected NFT has the authority to access its content.

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