AIRTIST—Matrix’s Great Venture into AI Art (4/4)
Why is AIRTIST important for Matrix?
Both AI art and NFT are practical use scenarios for Matrix. Before the AIRTIST team joined, Matrix had already been planning to build its own AI art platform, which attests to how important AIRTIST is for the Matrix ecosystem.
1. The First Important Use Scenario for MANIA
Every AI artist is an independent AI algorithm model, and AI artists themselves can be minted into NFTs to go into the market. All these are thanks to MANIA’s innovations. As the first major application of MANIA, AIRTIST’s impact on the AI art scene and the NFT market will likely create more use scenarios for MANIA. The integration of AI models and NFT will spark more innovations in the whole industry.
2. More Demand for MANTA
Whether it’s training AI artists, or creating art using these AI artists, distributed computing power will be necessary. AIRTIST will be one of the earliest projects to be granted access to computing power from MANTA. AIRTIST will create more demands for the distributed computing power produced by Matrix, and this in turn will make it more profitable for Matrix miners to output computing power.
3. More Liquidity for MAN
Matrix services and products offered through MANIA and MANTA will be paid for in MAN, so the popularity of AIRTIST will create more liquidity for MAN.
4. A More Mature Matrix Ecosystem
The integration of AI and NFT plus the introduction of AIRTIST under DAO will diversify the Matrix ecosystem and bring about more opportunities. Creations of artists on AIRTIST could be packaged into an AI service offered on MANAS. There could even be professional AI art critics trained by MANTA.
The Future of AIRTIST
NFT is being accepted by users at an unprecedented speed. OpenSea’s daily active users hit a new high at the beginning of this year. According to Dappradar, the volume of transactions on OpenSea reached 4.491 billion USD in January 2022, up 102% month on month. The number of transactions rose to 2.8163 million, a 95% increase month on month. Its daily active users registered 46,800, achieving a historic high and a 86% increase month on month. This data shows that more and more users are starting to not only accept NFTs as digital assets but also trade and hold them.NFT is being accepted by users at an unprecedented speed. OpenSea’s daily active users hit a new high at the beginning of this year. According to Dappradar, the volume of transactions on OpenSea reached 4.491 billion USD in January 2022, up 102% month on month. The number of transactions rose to 2.8163 million, a 95% increase month on month. Its daily active users registered 46,800, achieving a historic high and a 86% increase month on month. This data shows that more and more users are starting to not only accept NFTs as digital assets but also trade and hold them.
After over a year’s fast growth, the NFT application ecosystem has developed into six main areas: collectibles, artworks, game equipment, virtual lands, practical NFT and financial NFT. Of them, collectibles, artworks, game equipment and virtual lands account for the largest market share.
Based on data about all NFT-related niches, collectible NFT has become the predominant use scenario. The transaction volume of collectible NFT this March has reached 995 million USD, and the volume for the first quarter registered 4.134 billion USD, up 67% from the 2.461 billion USD of the previous quarter. The hot collectible NFT market is the primary force in helping the NFT industry recover since the beginning of the year. Starting from July last year, the turnover of collectible NFTs has been sharply on the rise, and its proportion in the entire NFT market rose from 28% to 84% by March.
AIRTIST will effectively lower the entry barrier to NFT and greatly expand its market size. Thanks to AIRTIST, the NFT market will welcome a new round of explosive growth, and AIRTIST will benefit from being the pioneer of a new age.
Users will have diverse demands for art in the Metaverse, and the majority of these artworks will be created by AI. This will mean huge demands and growth potential for AIRTIST.
The arrival of AIRTIST could mean a crisis for the current art market as well as some artists, but in the eyes of many event organizers, institution managers and academics of the art industry, AI will create countless opportunities by being a new player in the game. Human artists may engage in a battle of imitation and counter-imitation. Some human artists will begin to use AIRTIST as an innovative art creation tool to achieve unique styles, just like skilled photographers are able to get creative visual effects in their photos by adjusting the technical parameters of their equipment. Who is to say this won’t be the beginning of a dozen new schools of art?