Artist Behind $69 Million NFT Says AI Is No Panacea for the Sectors Rout

Posted by Chauncey Koziol on Wednesday, August 7, 2024

The intersection of artificial intelligence and nonfungible tokens provides no simple antidote for the slump in the market for digital collectibles, according to the artist Beeple.

Proponents of AI-generated art claim it offers a new type of interactive creativity that can be tied to NFTs to potentially reignite interest in that marketplace, where activity has tumbled since a peak in 2022.

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