DimAI Unlocks the Infinite Potential of AI and NFTs
In the thriving NFT market, it’s undeniable that enormous potential and opportunities lie ahead. Let’s delve into this by analyzing the current pain points of NFTs to explore how the intersection of AI and blockchain technology could usher in new possibilities for the NFT market.
The Current Pain Points of NFTs
The NFT market is booming! In the third quarter of 2021 alone, global NFT sales hit $10.7 billion, with annual sales reaching a staggering $24.9 billion! However, the high cost of minting has become a major concern for NFT enthusiasts.
As OpenSea founder Devin Finzer rightly pointed out, the future of NFTs depends on establishing economically viable large-scale use cases. Imagine wanting to use an NFT as a concert ticket or a football season pass, but the minting cost for each ticket NFT has soared to over a dozen dollars — such costs are prohibitive.
In fact, minting an NFT on Ethereum can cost over $10, which is daunting even for globally renowned enterprises. To fully integrate NFTs into widespread applications, reducing minting costs is essential. Only then can NFTs reach their full potential across various domains.
The Collision of Blockchain and AI
The blending of blockchain and AI is opening up new avenues to tackle this challenge.
Qitmeer’s has achieved low-cost and efficient interaction through technical upgrades, and DimAI, as the first all-in-one AI platform based on Qitmeer Network technology, is leading a new trend in the NFT space with low-cost, high-efficiency, and on-chain copyright solutions.
Through DimAI, both businesses and individuals can easily issue NFTs at scale and at low cost. Moreover, creators can leverage DimAI’s innovative features, such as AI lmage to lmage, to produce art that is truly unique and imaginative, thereby realizing the dream of making everyone an artist.
NFTs Unlocking New Use Cases
Traditional enterprises and decentralized institutions have long been at odds, but the recent explosive growth of NFTs has sparked mutual interest in collaboration.
For example, the collaboration between the traditional Chinese apparel sales brand Li-Ning and Bored Ape Yacht Club (BAYC) NFT has resulted in the creation of a series of unique trendy items.
This collaboration undoubtedly demonstrates that the NFT market is generating an increasing number of interesting practical use cases.
Social media incentives
NFTs have enormous potential in the realm of social media incentives. For instance, when businesses or brands gain new followers on platforms like Instagram or Twitter, they can incentivize and reward users by sending limited edition NFTs or access tokens for special events.
This incentive mechanism not only creates more engaging and valuable interactive experiences but also increases user participation and loyalty, strengthening the connection between creators, brands, and their audience.
Gaming assets
NFTs offer businesses the opportunity to transform virtual assets such as gaming items, characters, and maps into tradable digital assets. This opens up more trading and revenue opportunities for both game developers and players.
Players can purchase, trade, and collect their favorite virtual assets, thereby enhancing the enjoyment and personalization of the gaming experience. At the same time, game developers can generate support for the game’s economic system and sustainable development by selling unique virtual assets through NFTs.
On-chain credentials
Businesses issue exclusive on-chain credentials in the form of NFTs, applied in various domains such as digital identity authentication, property rights and asset management, and digital copyright protection.
When consumers make purchases from online retail stores, they receive NFTs representing membership privileges from those stores. By analyzing user spending behavior, businesses can offer personalized rewards and benefits to consumers.
This innovative application improves the convenience of enterprise management and also opens up broader market opportunities for enterprises.
Exploring the Infinite Possibilities of AI and NFTs
As a cutting-edge creative platform, DimAI recognizes the immense potential of integrating AI and NFTs, continually striving to provide comprehensive AI creative solutions for creators and businesses, aiming to build an all-encompassing AI service platform tailored for enterprises.
DimAI has successfully achieved the goal of enabling creators and brands to mint NFTs at scale with negligible costs, garnering successful case studies within the industry.
Currently, DimAI plans to integrate its product with cross-industry AI tools, connecting with over 5,000 common AI applications, including ChatGPT and Midjourney, among others. Creators and brands can effortlessly utilize various AI tools for creation without the need for coding.
Moreover, DimAI will support the minting of exclusive NFTs in different file formats, enabling creators and brands to better create and promote their works, expanding their market reach and increasing revenue.
In conclusion, with DimAI’s advancements in various fields, we can expect the combination of AI and NFTs to bring forth more opportunities and challenges in the future!
