NFTs Are Rising Again – Here’s How AI Is Reshaping NFTs
The non-fungible token market has suffered massive losses in the past four years. From rug pulls to the collapse of NFT floor prices, billions of dollars have been wiped from the NFT ecosystem, with regulatory and criminal gangs contributing to the mess. In response to the downfall, several non-fungible token projects are now tapping the Artificial Intelligence (AI) to reshape the future of their NFT collections. NFT Status In 2020 In 2020, the non-fungible token market experienced explosive growth, with sales volume soaring and mainstream adoption gaining momentum. At the time, the global NFT market saw a massive increase in sales volume, reaching over $25 billion. This growth was driven by notable factors like increased user interest, the emergence of popular NFT communities, and a surge in sales of digital collectibles and gaming NFTs. In late 2021, NFTs began to gain traction in the mainstream, with reputable entities like Christie’s selling Beeple’s “Everydays:...