0X0 Art: Blockchain & AI-Powered Digital Art
The visual arts industry is enormous, with a market value of around $2 trillion. It is an extensive industry that includes painting, sculpture, photography, design, and many other related fields. According to a recent report, the market opportunity is estimated to be around $2.6 trillion annually by 2022. Nevertheless, the industry has been plagued by many issues, including; low-quality artworks, lack of transparency, copyright infringements, and fraudulent activities. 0x0 Art is trying to address some of these issues by employing blockchain technology and state-of-the-art AI.
Digital art is an absorbing phenomenon. Its images are created using digital software, not conventional physical media. This article contemplates how 0x0 Art, an AI-based digital art creation, tokenization, reproduction, and authentication service provider, is using different aspects of AI to create digital art in a way that has not been done before.
The Tokenization of Art
The art of painting is one of the oldest forms of human expression. A picture can inspire, move, and even haunt an audience. It can represent a moment in time, an illustration of universal truth, or a symbol of a cherished memory. It can be a work of art or an expression of the artist. While the art of painting has been around since the dawn of man, the idea of creating a digital image is both innovative and revolutionary.
The introduction of blockchain technology and the tokenization of art in the form of non-fungible tokens (NFTs) has facilitated the preservation of digitized paintings and digital art in ways never seen before and is a way of bridging the gap between physical art and digital art.
The technological developments have progressed in one direction only: artificial intelligence, virtual and augmented reality, and integrated digital technology solutions are developing in fixed trajectories — towards each other. Sooner or later, they will meet and complement each other in a single global environment. Such an approach will open up opportunities for the realization of new and unique business models, specifically in the field of art.
An AI-Powered Digital Art Creation Tool and Blockchain-Based Art Authentication Platform
0x0 Art will use blockchain and artificial intelligence in conjunction with cutting-edge technology, with digital art serving as the foundation of the business.
The company will provide a solution for art owners to tokenize and monetize their works of art and for art lovers and collectors to own, digitally reproduce, and trade their favorite works of art. The solutions will also include an AI-powered digital art creation tool that will build an image from a text provided by the user in a particular style, ensuring that the images created by users from the text are unique and non-reproducible.
Moreover, 0x0 Art will allow its users to physically reproduce works of art using relief printers, producing high-quality paintings.
Paintings are one of the most valuable assets of any art collection. They usually carry a rich history and, in some cases, can be worth millions of dollars. However, because of their physical nature and the fact that they can only be found in one place, originals are hard to share and enjoy. The ability to create digital art reproductions and transfer them globally has introduced a new dimension to the art world. Paintings on the blockchain can act similarly to their physical counterparts but with additional advantages of preservation and security.