The Good Tech Companies - Pocket Guide: How to Create, Sell, and Buy AI NFTs

Episode Date: September 3, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/pocket-guide-how-to-create-sell-and-buy-ai-nfts. Combining artificial intelligence and blockchain technology, AI NFTs offer unique possibilities for creators, collectors, and investors. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #nft, #ai-blockchain, #ai-nfts, #what-are-ai-nfts, #ai-nft-vs-traditional-nft, #aelf-blockchain, #aelf-ai-blockchain-ecosystem, #good-company, and more. This story was written by: @aelfblockchain. Learn more about this writer by checking @aelfblockchain's about page, and for more stories, please visit hackernoon.com. Combining artificial intelligence and blockchain technology, AI NFTs offer unique possibilities for creators, collectors, and investors.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Pocket Guide. How to Create, Sell, and Buy AI NFTs, by IELF. The world of non-fungible tokens, NFTs, is constantly evolving, and AI NFTs are at the forefront of this exciting revolution. Combining artificial intelligence and blockchain technology, AI NFTs offer unique possibilities for creators, collectors, and investors. But how exactly do you get involved? This guide will walk you through the process of creating, buying, and selling your own AI NFTs, unlocking the potential of this burgeoning market.

What are AI NFTs? Before diving into the practicalities, let's clarify what AI NFTs are. Simply put, they are unique digital assets generated or enhanced by artificial intelligence algorithms. These can range from AI-generated art and music to interactive characters in virtual worlds. The appeal lies in their uniqueness, provable scarcity, and the potential for AI to create truly one-of-a-kind experiences. What's the difference between AI NFTs and traditional NFTs? In essence, the core distinction boils down to the creator. Traditional NFTs are crafted entirely by human hands and mind, representing a direct expression

of the artist's vision and skill. AI NFTs, on the other hand, leverage artificial intelligence algorithms in their creation. While there may be human guidance, the AI plays a pivotal role in generating or significantly enhancing the final product. This fundamental difference ripples out into other aspects process. Traditional NFTs involve a purely human-driven creative process, while AINFTs incorporate a blend of human input and machine learning capabilities. Potential. AI NFTs open doors to dynamic, evolving artworks and unique forms of digital expression that may be challenging to achieve through solely human efforts. Market. The AI NFT space is relatively new and its market dynamics are still taking shape,

offering a frontier ripe for exploration and innovation. Creating your AI NFTs. Ready to unleash your creativity? Here's how to create your own AI NFTs 1. Choose your AI tool. Numerous AI art generators and tools are available, such as Artbreeder, Deep Dream Generator, and Runway ML. Experiment to find one that aligns with your vision. Backslash dot. 2. Generate your art. Use the AI tool to generate your artwork, music, or other digital assets. You might provide text prompts, images, or other inputs to guide the AI's creative process. Backslash dot.

3. Mint your NFT. Once you're happy with your AI-generated creation, it's time to mint it as an NFT. Select a blockchain platform like Ethereum or Tezos and use a platform like OpenSea or Rarible to mint your NFT. Backslash. 4. Set a price and list. Decide on a price for your AI NFT, considering factors like its uniqueness, aesthetic appeal, and the overall market demand. Then, list it for sale on a marketplace of your choice. Tip TIPS for creating AI NFTS experiment and iterate. Don't be afraid to experiment with different AI tools and techniques to find your unique style. Tell a story. Give your AI NFTA

compelling backstory or concept to make it stand out. Engage with the community. Participate in online forums and social media groups to connect with other AI NFT creators and collectors. Before you buy or sell AI NFTs, you'll need a Web3 wallet. Why is a digital wallet as essential here? Known also as Web3 wallets, they are specifically designed for the decentralized web, enabling seamless interactions with blockchain networks. Think of it as a secure, digital version of your physical wallet where you store cryptocurrencies and NFTs. It also ensures compatibility with various blockchain-based marketplaces and platforms. With a Web3 wallet set up, you can start buying, selling, and managing AI NFT

transactions effortlessly, while maintaining security and ownership provenance, which are crucial in the NFT ecosystem. Now, let's get hands-on with the setup 1. Choose a digital wallet. There are many digital wallets to choose from, such as Metamask, Trust Wallet, and Coinbase Wallet. Each offers unique features, so pick one that best suits your needs. Backslash.2. Download an installation. Head to the official website of your chosen wallet and follow the download instructions. Ensure you're downloading from a legitimate source to avoid security risks. Backslash.3. Create your account. Upon installation, open the app to create a new account.

You'll be prompted to set up a secure password. Make it strong and store it safely. Backslash dot 4. Back up your recovery phrase. Your wallet will generate a recovery phrase, often consisting of 12 to 24 words. Write this down and store it in a secure place. This phrase is your backup to recover your wallet if you lose access. Backslash dot 5. Fund your wallet. To start buying NFTs, you'll need to fund your wallet if you lose access. Backslash.5. Fund your wallet. To start buying NFTs, you'll need to fund your wallet with some cryptocurrency, usually Ethereum, ETH. Tip tip. Explore the security settings in your wallet's app to enable additional layers of protection, like two-factor authentication. Don't lose your precious digital assets to

incidents of security lapses or unauthorized access. In July, IELF Layer 1 AI Blockchain announced a long-term partnership with ChainGPT to accelerate AI adoption in the blockchain space. ChainGPT, known for its advanced Web3 LLM innovations, has helped train an AI chatbot to be built into IELF's digital platforms, such as the website and accompanying social media channels. In the next phase, users can expect to get their hands on a greater variety of AI tools, one of them being the item of interest in this article. AI NFTs. In the later phase of the chain GPT-X IELTS partnership, an AI NFT generator will be integrated, allowing artists to easily bulk-produce desired works of art just be entering text prompts. New projects can get a boost through a seamless AI-focused launchpad

experience within the IELF ecosystem. Selling your AI NFTs. Ready to share your AI-powered creations with the world? Here's how to sell your AI NFTs 1. List your NFT. If you haven't already, list your AI NFT on a marketplace of your choice. Backslash. 2. Promote your work. Share your AI NFT on social media, online forums, and other relevant platforms to attract potential buyers. Backslash. 3. Engage with buyers. Respond to inquiries and offers promptly, and be prepared to negotiate on price. Backslash.4. Complete the sale. Once a buyer has agreed to your terms, finalize the sale and transfer the AINFT to their wallet. Backslash.Tip TIPS for selling AINFTs price strategically. Set a fair price for your A NFT, considering its uniqueness, quality, and market

demand. Build your brand. Create a strong online presence to showcase your AI NFTs and attract collectors. Network and collaborate. Connect with other artists and creators in the AI NFT space to expand your reach and opportunities. Buying AI NFTs. Interested in collecting AI-powered digital art? Here's how to buy AI NFTs 1. Choose a marketplace Select a reputable NFT marketplace that supports AI NFTs, such as OpenSea, Rarible, or SuperRare. 2. Browse and explore Search for AI NFTs that resonate with you, considering factors like the artist's reputation, the artwork's concept, and its scarcity. 3. Make an offer or buy now. Once you've found an AINFT you love, you can either make an offer to the seller or

purchase it instantly at the listed price. 4. Secure your NFT. Once the transaction is complete, the AINFT will be transferred to your digital wallet, ensuring its ownership and authenticity. Tip TIPS for buying AI NFTs Do your research. Before investing in any AI NFT, research the artist, the project, and the underlying technology. Set a budget. Determine how much you're willing to spend on AI NFTs and stick to your budget. Join the community. Connect with other collectors and enthusiasts to stay informed about the latest trends and opportunities in the AI NFT space. Closing words on AI NFTs. AI NFTs are still in the early stages, and what we've covered only

scratches the surface of what they can do for keen collectors and traders. Imagine AI-generated art that evolves over time, interactive NFTs that respond to the owner's voice, or even virtual beings with their own unique personalities. Sounds like a figment of imagination? Maybe not for long. Whether you're an artist, collector, or investor, remember to keep the key principles in this pocket guide close to heart. Stay informed with communities, experiment with the wildest creations, and be creative with your marketing. You might just create the next trending collection and

be part of shaping the future of digital ownership. P.S. We'd like to invite you to check out IELTS AI blockchain ecosystem, which includes a NFT marketplace in the form of forest. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.