The enthusiasm of NFTs is growing at a tremendous pace. The crypto market has faced some turmoil over the past few months, but non-fungible token enthusiasts are non-stop. Following the fast-growing industry, LinkedIn founder Reid Hoffman uses OpenAI’s image rendering platform to generate digital collections. In particular, tokens will be created on Solana’s scalable network, and billionaire tech entrepreneurs will auction these collectibles through the MagicEden NFT Marketplace.
Solana blockchain new NFT series
Hoffman has released the NFT series on Solana Network. The artwork in the collection is created using DALL-E2 artificial intelligence software. According to the announcement, the initiative will be auctioned at Magic Eden, currently the largest Solana NFT marketplace.
In addition, the announcement also revealed that the next project was entitled “Untranslatable Words”. This will extend to only 11 works of art. Each image in the collection is originally created using image rendering software that produces artwork according to several written prompts.
The first piece in the collection has already been auctioned
The first digital collector in the Untranslatable Words collection, “Mångata,” has already been auctioned. The artwork includes a photo of the moon shining above the body of water. According to the description of the artwork, the name of the NFT comes from Swedish, which means that the moon reflects off the surface of the water like a road.
According to Hoffman, he is always inspired by words in different languages, which are completely different from words in other languages.
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The purpose behind the NFT collection
Hoffman plans to split the funds generated by selling the collection. According to the announcement, the funds will be distributed for charitable purposes and to a team of his collaborators. In addition, Hoffman also revealed that all digital collections not sold during the auction will be permanently burned or destroyed.
Why did Hoffman choose OpenAI’s imaging platform?
Recently, it has been observed that the images generated by DALL-E2 are trending across the web. This has been observed since the latest OpenAI iteration announced in April.