Binance Talk: How Will AI Impact and Transform the Web3 Space?
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Binance Talk: How Will AI Impact and Transform the Web3 Space?
Binance's product lead and the CEO of Alethea.AI discussed how AI will transform Web3 and the implications of merging AI with the NFT space.
Navigating Web3 tides with focused insightsWritten by: Revelo Intel
Compiled by: TechFlow
Liam, Mayur (Binance's product lead), and Arif (CEO of Alethea.AI) discussed how AI will transform Web3 and the implications of integrating AI with the NFT space.
Tammy, a digital art experience creator, and Kelano, Binance’s NFT Growth Manager, explored together the impact of merging artificial intelligence with the world of NFTs. Below are notes compiled by Revelo Intel.
How Will AI Change Web3?
Mayur
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Recently, many powerful generative AIs have emerged for content creation.
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One of Web3’s biggest challenges is bringing one billion users into the crypto ecosystem.
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Although the technology has existed for 12 years, widespread adoption is only just beginning.
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They’ve already seen large-scale AI applications in compliance verification and fraud detection. Binance launched Picasso, a generative AI NFT that sold out within hours.
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When AI integrates with Web3, it will enable proof of ownership and identity/ownership provenance.
Arif
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AI and blockchain will converge because the current AI technological revolution requires a layer of property rights.
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It's fascinating to see a company of such financial scale operate quickly and educate users about important, upcoming generative AI trends.
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AI has a direct impact on Web3, making model quantification possible. Quantifying models like GPT-3 could unlock massive creativity, enabling users to access AI without relying on centralized service providers.
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Compared to recent models, Web2 AI frameworks were slightly more complex and failed to generate an appropriate level of cultural diversity.
AI Experiments
Arif
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They conducted an experiment on intelligent NFTs (INFTs), where NFTs are no longer static images but interactive media. INFTs allow users to participate in new trustless markets.
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Certain AI applications have already helped developers write code better and faster.
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The Alethea AI team intends to become Web3 developers. The integration of AI and blockchain is entering a phase where the boundary between human and AI outputs begins to blur.
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Ultimately, it all comes down to empowering users with tools and ensuring they produce these outputs and benefit from them.
Mayur
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They always ensure there will be appropriate users on the platform.
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AI models may not be perfect today, but with innovation, these technologies will be able to distinguish inaccurate results.
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Crypto and Web3 represent a new paradigm where users must learn many aspects previously taken for granted.
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AI is creating better content for users. AI can now provide people with this new form factor, a new vector of interaction, allowing them to learn more effectively.
Connecting AI and NFTs
Kelano
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AI and NFTs will revolutionize content creators, such as major music streaming platforms or graphic design. In the future, we’ll see AI-generated memes.
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In-game assets that people currently engage with—like skins in Counter-Strike and Fortnite—will eventually be AI-generated.
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AI innovation can facilitate trading between digital NFTs and their physical counterparts.
Tammy
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AI models are now being used in conjunction with 3D artworks to generate new creations. They’re also used to blend original artworks with prompts and curate content that fits an artist’s style.
Risks and Benefits of AI and Its Role in the Metaverse
Kelano
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There are security risks with AI, as hackers who gain access could manipulate data. Due to the lack of human judgment, AI could potentially be dangerous.
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The metaverse will become fully customizable in real time. This field will undergo a significant shift toward personalized, customized metaverses.
Tammy
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Tammy believes AI tools are merging real-life 3D scanned objects with AI-generated imagery, turning end-users into asset creators.
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In the metaverse, AI plays a role in integrating various technologies such as blockchain, VR, and 3D animation. Assets are no longer created in traditional ways. With the rise of user-generated AI tools, authenticity can be verified.
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AI can also greatly assist in programmable art or generative editions. With AI, the metaverse allows users to create their own spaces and gamified experiences.
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AI is bridging the gap between those who are skilled in art and those who aren’t.
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