The Coinbase NFT Marketplace Introduces AI-Generated NFTs
The NFT marketplace from cryptocurrency exchange Coinbase has unveiled a new feature called “Instamint” that allows users to create NFTs using artificial intelligence (AI). This innovative tool is currently in beta version and offers a limited-time free transaction experience, although users will still need to pay Ethereum gas fees for recording transactions on the blockchain.
Creating Your Own AI-Generated NFT
To generate your own NFT, simply upload an image that will serve as the basis for the token. You’ll also need to provide a name, description, and price for the NFT, starting from $0.01.
A Growing Trend in AI and NFTs
Coinbase joins other exchanges in leveraging artificial intelligence technologies. Binance, a major cryptocurrency exchange, introduced Binance Bicasso last year, an AI NFT generator that allows users to create personalized digital artworks using text or images. This move highlights the industry’s dedication to harnessing AI’s potential, making 2023 a pivotal year for AI’s impact on NFT platforms.
The Rise of Coinbase NFT
Coinbase announced the launch of its non-fungible token platform in May 2022. The Coinbase NFT marketplace empowers users to issue, purchase, and display collectible digital assets.
Hot Take: Embracing AI for NFT Creation
As the Coinbase NFT Marketplace introduces AI-generated NFTs, it signifies a new era in digital art creation. By leveraging artificial intelligence, users can easily transform their images into unique tokens that hold value and authenticity. This innovative feature opens up new possibilities for artists and collectors alike, expanding the reach and accessibility of the NFT market. With the increasing adoption of AI technologies in the crypto space, we can expect further advancements that redefine the way we create, trade, and appreciate digital assets.
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