Fetch.ai, the decentralized machine learning (ML) company, has launched a non-fungible token (NFT) platform that enables content creators to generate digital assets through AI and ML collectively. Colearn Paint creates pieces by combining the patterns in the artwork of up to 100 different artists.
Over the last couple of months, NFTs have been particularly disruptive in the art industry, challenging the concept of traditional art and pushing the boundaries of creative visual intellectual property. During the first four months of 2021, NFT art sales surpassed $437 million across open marketplaces such as Open Sea and curated platforms specific to digital art such as Nifty Gateway, which accounted for 71% of the sales alone.
The hype around NFTs and media coverage due to record digital art sales such as Beeple’s $69 million auction at Christies’ has contributed to the digital art trend. And various platforms were launched to support and promote this emerging sector.
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