Ethereum

Arbitrum

Polygon

ChainGPT

The post <a href="https://coinpedia.org/information/chaingpt-and-arbitrum-make-creating-nfts-simple-by-utilizing-ai/" rel="noopener noreferrer nofollow">ChainGPT and Arbitrum make creating NFTs simple by utilizing AI</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
AI and blockchain are the two most trending technologies right now, with new advancements and use cases being witnessed every day. Linking the new technologies with reasonable use cases at first seemed purely academic once generative AI solutions took the world by storm, with Ethereum Founder Vitalik Buterin penning a thoughtful <a href="https://vitalik.eth.limo/general/2024/01/30/cryptoai.html?ref=bankless.ghost.io" target="_blank" rel="noopener noreferrer nofollow">blog post</a> earlier this year on promising synergies between the two.&nbsp;
As we begin to see the evolution of AI-based blockchain solutions via data management, risk mitigation, data-driven investment products, greater transparency, and more, the once-lucrative NFT market is another under-the-radar use case.&nbsp;
With the growing popularity of digital art and the advanced generative AI models underpinning their success, NFTs are also making a comeback after suffering under crypto’s bear market. As NFTs have undergone a rebrand, user-friendly tools to expedite the generation of NFT art are in high demand, leading to new and exciting opportunities to showcase a new generation of unique collections.&nbsp;
However, at the moment, the Web3 ecosystem lacks the infrastructure to efficiently create and mint AI-powered NFTs on a scale capable of meeting the anticipated demand.&nbsp;
To tackle this issue, <a href="https://www.chaingpt.org/" target="_blank" rel="noopener noreferrer nofollow">ChainGPT</a>, a powerhouse in the area of AI solutions in Web3, has partnered with the leading layer-2 Ethereum scaling solution <a href="https://arbitrum.io/" target="_blank" rel="noopener noreferrer nofollow">Arbitrum</a>. Through the recently launched partnership, ChainGPT’s <a href="https://nft.chaingpt.org/" target="_blank" rel="noopener noreferrer nofollow">AI NFT Generator</a> has been fully integrated with the Arbitrum ecosystem to enable developers and users to generate NFTs rapidly, at scale, and with on-chain minting directly on the Arbitrum blockchain.&nbsp;
ChainGPT’s AI NFT Generator features an easy-to-navigate chat interface that accepts text inputs and is designed to support a broad range of creative ideas without requiring a fixed prompt generator. The objective is to provide users with an easy-to-use tool to help bring their visions to fruition.
ChainGPT CEO and Founder Ilan Rakhmanov spoke on the partnership and his company’s AI-powered NFT generator:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Our integration with Arbitrum signals another major milestone for ChainGPT and our AI NFT Generator. Our intuitive AI tools expand the capabilities available for NFT creators and empower individuals to participate in an increasingly popular digital art market.”
</blockquote>
Integrating the AI NFT Generator into Arbitrum gives creators a fast and efficient tool for bringing digital, AI-powered art to life. By onboarding the ChainGPT solution, Arbitrum solidifies itself as a leading ecosystem for NFTs amid their resurgence by streamlining the minting process. The collaboration between ChainGPT and Arbitrum lays the foundation for developers and Web3 users to optimize NFT development.&nbsp;
The partnership showcases the AI NFT Generator’s simplified appeal for NFT creators while solidifying its emerging status as the preferred platform for on-chain AI-generated NFT minting. Earlier this year, ChainGPT announced a similar <a href="https://www.newsbtc.com/news/company/chaingpt-and-polygon-labs-team-up-to-boost-ai-powered-nft-development/" target="_blank" rel="noopener noreferrer nofollow">collaboration with Polygon Labs,</a> to streamline the creation of NFTs within the Polygon ecosystem. The AI NFT Generator has already produced <a href="https://nft.chaingpt.org/" target="_blank" rel="noopener noreferrer nofollow">over 22 million digital artworks</a>, including several thousands of NFTs that have already been minted on the Arbitrum network since the integration began.&nbsp;
Rakmanov adds:&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “This integration provides numerous benefits, primarily by combining Arbitrum’s scalability and our advanced AI infrastructure making NFT creation more accessible to average Web3 users.”
</blockquote>

ChainGPT and Arbitrum make creating NFTs simple by utilizing AI

CoinPedia News

Other articles published on May 31, 2024

Bitcoin Decreases More Than 3% Within 24 hours

Bitcoin Tests Support Level and Recovers After Hack FUD

Beam Price Jumps 25% Amid Major Listing Announcement

Savvy Way To Make 10X This Summer – Expert Crypto Guide

AI revises DOGE price prediction for end of 2024

Caitlyn Jenner Profits $405K from Solana Memecoins in 4 Days

Join our free newsletter for daily crypto updates!