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Combine Generative AI and NFT also Loyalty, means CreatorFi

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Combine Generative AI and NFT also Loyalty, means CreatorFi

May 08
10:44 2023

Web3

Web3, also known as the decentralized web, is a new generation of the internet where users have greater control over their data and assets. Unlike the current internet which relies on centralized servers, Web3 utilizes blockchain technology to create a decentralized network where data is stored on a distributed ledger. This approach ensures that users have more autonomy over their data, and transactions are processed in a trustless manner.

While cryptocurrencies such as Bitcoin and Ethereum are well-known examples of Web3, the concept extends beyond digital currencies. Other components of Web3 include NFTs, GameFi, DeFi, Metaverse, and more. Notably, NFTs like Azuki, MAYC, BAYC, and Moonbirds have become blue-chip investments that people are interested in for potential arbitrage opportunities. However, despite the Blur marketplace having launched airdrops of tokens, the bearish trend of the NFT market could not be reversed this year.

Beyond just profiting from NFTs, it is crucial to apply them to practical matters. Uniqueness and ownership are the defining attributes of NFTs in Web3. Therefore, if they can be employed in reality, they have the potential to revolutionize the financial market and bring continuous profit to many individuals.

Generative AI

Generative AI is a form of artificial intelligence that involves teaching machines to learn and make decisions based on data, simulating human intelligence. In recent years, AI has made significant progress and has become increasingly prevalent in our daily lives. Virtual assistants such as Siri and Alexa are examples of popular AI applications that use natural language processing to understand and respond to user queries. However, the launch of OpenAI’s ChatGPT, a new Large Language Model (LLM), to the public has marked a turning point for AI. We are now entering a new era of Generative AI where individuals have the opportunity to own their own AI in various formats. These AIs can boost productivity and efficiency while reducing business costs. Companies like Microsoft and GitHub have already integrated AI copilots into their products. Many more AI products are entering the market, signalling that AI is rapidly advancing and becoming ubiquitous.

While some may worry that AI will replace human workers, the impact of AI on jobs will vary depending on the situation. Repetitive tasks that can be easily automated are at risk of being replaced by AI. With massive datasets and over 170 billion total parameters, AI algorithms can process information faster and on a larger scale than humans. However, creative work that requires human ingenuity and imagination is much more difficult to be replaced. AI cannot create original content, and its creative ability is limited. Therefore, individuals who excel in creative fields have little to fear from AI.

Moreover, small organizations can achieve big things with the help of AI. Companies like Midjourney, an AIGC company with only 11 employees, have generated $100 million in revenue, showing that small groups can achieve significant success with AI. Similarly, content creators can utilize AI copilots to support their work in specialized areas, potentially reducing costs and increasing efficiency and productivity. The trend of small organizations achieving great success with the help of AI is likely to continue in the future.

Generative AI + NFT + Loyalty = CreatorFi: Super individual

The convergence of AI and Web3 creates a plethora of opportunities. AI can analyze data and provide content creators with recommendations on how to optimize their creations, as well as improve the security of Web3 by detecting and preventing fraud.

One area where the integration of AI and Web3 can have a significant impact is in CreatorFi. The creator economy has experienced tremendous growth in recent years, particularly with the rise of platforms such as Tiktok, where content creators can monetize their work and engage with their audiences directly. This trend is expected to continue with explosive growth in the future, powered by AI and Web3.

Currently, many artists use NFTs to authenticate their works. Platforms such as sound.xyz provide a Web3 platform for musicians to upload their music to the blockchain and use NFTs to confirm ownership, as well as enable these NFTs to be traded. However, verifying the copyright of NFTs is still a challenge. Some projects open their copyright to the public, while others do not, leading to copyright infringement issues.

Fortunately, Generative AI can help solve this problem. AI can detect authentic data to confirm copyright and authenticity, as demonstrated by projects such as LIKN. Content creators can use LIKN to upload their work to the blockchain as NFTs, which can be permanently stored on the blockchain and traded on many marketplaces. AI can perform detection, authentication, generation, and copyright confirmation during the entire process, with the blockchain recording the copyright of the data.

On the audience side, if they purchase content creators’ work, they can use AI to learn about the main content and train their AI copilots. This creates a cycle of creator consumption, which all parties involved can benefit from.

The integration of AI and Web3 offers numerous opportunities for content creators to improve their performance and monetize their work. Blockchain’s distributed ledger technology allows every node to become a “Super individual,” with the ability to use AI to enhance their creations, boost efficiency and productivity, and authenticate their works’ copyrights. The integration of AI and Web3 is essential for the continued growth of the creator economy in the future.

About LIKN

LIKN is a powerful, but simple Web3 component and protocol, which connects Web2 content to Web3. With LIKN, you can solely mint your NFTs by entering the content URL which includes some information that you would like to share and trade with others. LIKN’s ability of copyright confirmation and using experience are now empowered by AI.

On LIKN, everyone can mint an exquisite NFT by entering the content URL. The minted NFTs can be traded on some NFT marketplaces without restriction through centralized platforms. Only the owner of the collected NFT has the authority to access the content.

Website:https://likn.co/

Twitter:https://twitter.com/0xLIKN

Discord:https://discord.com/invite/Vy9ufxgf3N

Join LIKN Community

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For content creators & Web3 builders who are interested in working with LIKN’s partner network, join our Discord community and learn more.

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Company Name: Likn
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Website: https://likn.co/

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