Art NFTs, in particular, made a big impact last year with Christie's reporting over $93 million in nonfungible token sales during its fourth annual Art Tech Summit that took place this past August. While notable, much of the crypto art scene appears to be dominated by cartoons and memes, as projects like CryptoPunks and Bored Ape Yacht Club have taken center stage. Known as "AI-generative NFTs," these nonfungible tokens are becoming increasingly popular within the art community, along with those interested in emerging technologies like artificial intelligence, blockchain and the Metaverse. Being able to work with an AI to bring your ideas to life is an experience like no other, it augments creativity in a way that feels like freedom, a type of play you haven't experienced since you were a child." While Eponym lets users create their own art NFTs, Metascapes is another project that was developed by three photographers looking to combine human expression with computer algorithms. While the potential for AI-generative NFTs is apparent, the question of whether or not artificial intelligence can be trusted to generate quality images based on text or photographs remains a concern. For instance, Fisher mentioned that Eponym has two versions of its generator available to the public, one on the company's Discord channel operating as a chatbot and the other as a private link that contains more complex algorithms capable of creating more advanced images. For example, Fisher remarked that Eponym's next project will feature interactive virtual identities where users can take their own portraits to create 3D avatars and animate them using artificial intelligence. Art NFTs, in particular, made a big impact last year with Christie's reporting over $93 million in nonfungible token sales during its fourth annual Art Tech Summit that took place this past August. While notable, much of the crypto art scene appears to be dominated by cartoons and memes, as projects like CryptoPunks and Bored Ape Yacht Club have taken center stage. Known as "AI-generative NFTs," these nonfungible tokens are becoming increasingly popular within the art community, along with those interested in emerging technologies like artificial intelligence, blockchain and the Metaverse. Being able to work with an AI to bring your ideas to life is an experience like no other, it augments creativity in a way that feels like freedom, a type of play you haven't experienced since you were a child."

Sales of nonfungible tokens, or NFTs, reached $25 billion in 2021, demonstrating that the sector is one of the most sought-after markets in crypto. Art NFTs, in particular, made a big impact last year with Christie's reporting over $93 million in nonfungible token sales during its fourth annual Art Tech Summit that took place this past August. While notable, much of the crypto art scene appears to be dominated by cartoons and memes, as projects like CryptoPunks and Bored Ape Yacht Club have taken center stage. Although these projects are some of the most successful to date, a new subset of NFTs is emerging based on advanced technologies and the human imagination. Known as "AI-generative NFTs," these nonfungible tokens are becoming increasingly popular within the art community, along with those interested in emerging technologies like artificial intelligence, blockchain and the Metaverse.