NFTs have exploded in terms of popularity and usage in 2021, and for good reason. Artists and content creators alike have been able to profit immensely from NFTs, and many traders have also been able to benefit from buying, selling and trading these non-fungible tokens. However, one project in particular is looking to change the way we look at NFTs, and that is Vincent Peter’s ‘Inheritance Art’, provided by Inheritance AI.
What is the issue with the current generation of NFTs?
NFTs are one-of-a-kind digital assets which may be used to demonstrate ownership of various goods or experiences. Since their conception, NFTs have come a long way, but there is still considerable space for development. However, one feature that many people find particularly vexing is the present market’s lack of subtlety and elegance.
Instead of developing wholly new forms of art, a vast majority of NFTs are generated by modern animators who study market trends and attempt to mimic them. This results in an unsustainable market in which investors and purchasers speculate on assets that are often difficult to discern.
Using AI alongside NFTs
The usage of AI (artificial intelligence) technology is not a new concept by any means, as there have been numerous projects and companies actively working with this kind of technology for some time now across a wide variety of fields and industries. However, utilizing AI alongside NFTs in particular is a concept that is still relatively new, and Inheritance AI is thus looking to capitalize.
Put simply, Inheritance Art intends to create holographic recreations of renowned fine artworks, such as those seen in major museums. All of these digital artworks will be approved or commissioned by their respective existing owners, and will be developed by some of the most skilled animators and artists specializing in hyper-realistic visuals and generating lifelike virtual material. To be properly experienced, these holograms need the usage of spatial reality screens. This technology is uncommon, although it does exist. The majority of the world’s skill in this discipline is already a part of the Inheritance Art team.
Moreover, the project generates two-dimensional intelligent non fungible tokens in addition to holographic artworks. These NFTs are linked to powerful databases and are also capable of natural language processing. People may communicate with them as a result, thereby making them highly interactive digital products that are accessible right now.
Why is this important?
The new generation of masterpieces developed by Inheritance Art will transform the NFT sector with the use of cutting-edge technology along with some of the industry’s top artists. These high-quality art NFTs shall be complex, detailed, and lifelike, which is in line with the project’s overall vision of revolutionising how NFTs are perceived.
As such, the non-fungible tokens are designed for those who may desire to get their hands on valuable artworks which the corresponding owners would never contemplate selling. Holders of these items are more inclined to sell digital recreations of these pieces, opening up chances for ownership which would perhaps not have existed otherwise.
About Vincent Peters
Vincent Peters serves as the Chief Designer for Inheritance Art as well as the Rex Mundi sports analytics platform. Vincent is a West Point graduate who studied systems engineering and holds graduate degrees from both Oxford and MIT Sloan. He formerly worked at Elon Musk’s SpaceX and Starlink enterprises before launching Inheritance Art.
Vincent has opened private art galleries in Los Angeles, illustrating the future in which Inheritance provides memories to life. As time passed and artistic representations improved, an increasing number of individuals urged that he should enter the industry of manufacturing NFTs. With that being said, Inheritance Art was formed, full of anticipation to see how far the team would be able to push this medium as well as what brand new doors it would open.
