AI artist Putu generated $3 million in revenue by automatically feeding claims into an AI image generator and making the image as an NFT.
AI image generators such as DALL-E have gained wide popularity since late 2022. Users can enter text descriptions (prompts), and the AI produces images that closely match those descriptions.
Potudao Image generator
However, Boto, created by German artist Mario Klingmann, underestimates the effort it takes for humans to develop creative impulses. according to luck, it can generate claims on its own using AI algorithm. The prompts are then fed into AI image generators, such as Stable Diffusion and VQGAN + CLIP.
Each week, Botto creates 4,000 to 8,000 images. Later, the BottoDAO (Decentralized Autonomous Organization) members vote for their favorite artwork, which is then Quiet in SuperRare Market.
The votes also help feed data into Boto’s “taste model” to help him make more community-approved recommendations.
The governance token, BOTTO, allows the DAO to consider the votes of community members. As of this writing, the token is trading at $0.1674, down about 95% from its all-time high of $3.72 in October 2021.
The DAO distributes half of the profits from NFT sales to BOTTO token holders and the other half to the treasury.
Ai Putuo artist is born Sales value is $3 million
Bhutto minted his artwork in composition, Uneven editingin October 2021. Since then, the project has minted 75 creations, generating nearly $3 million in revenue.
Although the Asymmetrical Liberation bid reached 79,421 Ethereum (ETH) in October 2021, the latest pools are far from reaching that level. The outcasts rejoiceBotto Project, the latest NFT, received the highest bid of 7.425 ETH last Saturday.
NFT hit new lows
It seems that the overall NFT market is going through a rough patch. Twitter user, @punk9059, subscriber Graph indicating that collectors sold NFTs at significant losses. Additionally, daily losses averaged 1,000 ETH in 2023. BeInCrypto reported that key NFT metrics, such as trading volume, sales, and unique users, fell to yearly lows.
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