Pure image-based NFTs can be withdrawn from the market one after the other.

by James · March 23, 2023

PRESS RELEASE

Published March 24, 2023

Blockchain technology, as a distributed ledger technology, is gradually changing people’s lifestyle and business model. Among them, NFT is one of the most popular applications in the last 3 years, providing unique and irreplaceable digital assets. However, with the rapid development of artificial intelligence technology, especially the emergence of ChatGPT, many image-based NFTs may lose their original meaning because they are just simple images and have no practical use scenarios. Only NFTs with a technical background will be meaningful.

In the traditional sense, NFT usually refers to digital works of art or collectibles, such as digital images, audio, video, etc. These digital assets are sold and traded on the blockchain through smart contracts, and due to their unique characteristics, they can achieve the authentication of digital assets and the tamper-proofness of transaction records nature. However, with the rapid development of artificial intelligence technology, people can easily use AI technology to generate a large number of similar digital artworks. These generated digital assets may be beautiful and have some artistic value, but they do not have actual usage scenarios and values.

NFT with a technical background, on the other hand, has more practical use value. For example, in the game industry, NFT can be used to represent virtual objects in the game, such as game props and equipment, to realize the construction of a virtual economic system. At the same time, NFT can also be used in scenarios such as identity authentication and traceability tracking to provide users with safer and more trustworthy services.

In addition, with the development of blockchain technology, NFT is also gradually expanding its applications. For example, certain digital assets with practical use, such as real estate and cars, can also be traded and confirmed using NFT, which provides new opportunities for the digitization of traditional assets. Recently, there is also a ChinesealManac NFT that can provide divinity, and I believe that more practical NFTs will appear one after another, so that the benign development will be more useful for the whole blockchain. Especially ChatGPT’s addition to the more thoughtful new NFT to become the mainstream of the market.

In short, although the development of artificial intelligence technology has had some impact on image-based NFT, NFT with a technical background still has a broader application perspective. With the development of blockchain technology, NFT will gradually emerge from the category of digital artworks as simple avatar images and become an important part of the development of digital economy.