AI-based image processing techniques have become increasingly powerful and impressive over time. Most notably, the NFT art space has greatly benefited from this new technology. Projects like Entropy Cards feature work generated almost entirely using AI tools. Some projects in the NFT field are nudging towards embedding AI into his NFTs.
But with the release of the Artsy Monke collection, perhaps embracing tradition, MonkFor those skeptical of the project based solely on its name, this is no attempt to stick to the branding that defines the most sought-after collection in the field. This is a collection of 10,000 AI-generated images of him, all based on his first 10,000-piece Bored Ape Yacht Club drop.
A Promising Start for AI in NFTs
All 10,000 Arty Monkes sold out at breakneck speed after the mid-July mint. Collectors were immediately drawn to the pictorial representations of these dazzling apes that have continued to capture the hearts and minds of the NFT community. Best place? Each Artsy Monke sold for just 0.01 ETH, around $16.53 after the first mintage.
Since then, prices for these computer-generated apes have risen steadily in the secondary market, but not by much. At the time of writing, the highest amount paid to Artsy Monke on OpenSea is 0.5 ETH for Monke #442. It’s not a life-changing amount, but it’s still more than 50 times what the original buyer paid for it.
As stated in the press release, thanks to its low prices and the promise of future Metaverse theme parks with Play-to-Earn (P2E) gaming experiences, the collection has consistently sold the most in weeks. It remains within OpenSea’s chart of popular projects. since release.
Logistics challenges for AI-driven NFTs
So what makes this collection so special? In fact, the software and technology used to create this technology was created by developers at Google and Artsy Monke. Artsy Monke’s AI Artist Crypto Grimes launched the project using the Google computing platform Colab and the technology giant’s cutting-edge cloud computing services. These powerful tools, complemented by Grims’ own programming know-how, made the project successful despite its size.
But this scale required a robust solution. In a press release, Grims detailed the multi-step process behind his AI interpretation of every “OG Monk”. The term was affectionately used by the Artsy Monke team to refer to the original his BAYC collection. The first step was to feed the original 10,000 apes of his into the machine. “As a loose canvas on which to build generative art,” says Grimes.
Grims then taught AI rigs to paint in 20 different art styles shortlisted by the Artsy Monke team in a groundbreaking framework reminiscent of Crypto Grims’ early AI art work. . As the 2021 bull market gathers steam, Grims has injected the power of his AI. Of course, his background as a software engineer was a huge boost. bored panda — They discovered how to “train a neural network to draw a cartoon punk in Picasso’s style” in the first few weeks of their experiment.
Unfortunately, the first AI-generated creations weren’t perfect. It took him over an hour for Grimes’ computer to generate the image. The output was little more than thumbnails that reportedly only vaguely resembled his iconic work of Spanish art, or cartoon his punk. At that point, Grims thought his AI art was over, until in the months that followed he discovered just how much the tools for creating AI works had evolved.
Thanks to recent advances in AI and image diffusion, Grims has developed an AI “trained on the best dataset of 14 million images and associated keywords.” The AI is now reportedly capable of “creating any art on any subject, in any artist’s style,” with a few text prompts. Now Grims and the rest of his Artsy Monke team are looking to further the data-driven tribute to BAYC. However, it may take some time before this AI project is deployed again, and it may take even longer before the entire NFT collection is created. However, with past successes, we can expect another big wave to hit the scene soon.