Intelligent non-fungible tokens (iNFTs) are a new way of doing things that is gaining popularity among the many interesting NFT activities, which range from helping charities to helping the military. What are iNFTs, and how will they change the way the web works in the future? We will try to answer them in this essay.
AI: Giving the next generation of trainers “intelligence”
iNFTs are a type of non-fungible token that uses artificial intelligence (AI) to provide interactive intelligence and other features like human thinking.
When AI was added to NFTs, token holders gained access to a number of new options. But how does AI help these clever NFTs execute their jobs?
In essence, AI algorithms give the NFT an AI-based personality. This lets it study and collect data to learn, evolve, and even have real-time conversations. The personality of an iNFT will change over time based on how its owner and other people act. This makes it more dynamic than a static avatar stuck in a JPEG.
The data it keeps in its smart contract layer, which is run by AI algorithms, will determine how the iNFT acts and interacts in the future. This means that an iNFT will learn from its experiences and get smarter each time it meets anything new.
Then, what is so interesting about this new NFT standard for the blockchain industry? It could have a big effect on the future of gaming and metaverse platforms, for example. iNFTs can be used in any number of metaverse systems without needing specific permission because they are stored on the immutable blockchain ledger.
NPCs, or “non-playable characters,” act like they are real in video games. Users of the metaverse may find that their iNFT grows into a fun and interesting virtual friend who plays games with them, talks to other iNFTs, and even makes them laugh.
The first iNFT
The first iNFT, called Alice, was made by a company called Alethea AI. It used facial animation cues recorded in a smart contract to give the idea that it could feel and show emotions.
Compared to traditional digital collectibles, iNFTs have the ability to become an extension of their owners by learning their tastes, habits, and other traits through the application of artificial intelligence algorithms.
How iNFTs will be used in the future
iNFTs suggest that blockchain technology and artificial intelligence (AI) could be used in new ways.
iNFTs could soon be our digital stand-ins while we’re not online. They already bring characters from the metaverse to life. iNFTs might be able to find out where their owners are and know when they will come back. They may be your first line of protection against unwelcome online attention and may even let your closest friends know where you are at all times.
In the future, iNFTs that are powered by AI algorithms that are getting smarter and smarter could potentially operate as our personal assistants, giving us helpful reminders, planning our workday, recommending interesting online content, and doing routine tasks for us.
Fractionalized iNFTs are another interesting idea since they make it possible to split an NFT into many different tokens that can be owned by everyone in the community. In exchange for a piece of the token, token holders would be able to use the iNFT and all of its wonderful features as much as they like. It’s impossible to imagine how quickly an iNFT could improve if more people worked on it.
Future iNFTs might appeal to our human and social side by initiating a connection that lasts a lifetime. This would make them more desirable than traditional digital assets, which are mostly sought after for their scarcity and monetary value.
It’s not hard to see a future when people have strong emotional connections with their iNFTs, like Samantha and Alex’s relationship in the movie “Her.” The only thing that isn’t certain is whether or not iNFTs, like humans, will get smarter with time.
iNFTs need advanced AI
Even though the smart NFT standard is still new, there is little doubt that it is getting more support. In June 2021, Alice by Alethea AI, the first iNFT, sold for $479,000. This was a record price.
But the power of iNFTs can never be greater than the power of the technologies that power them, like blockchain and AI. This is very important for iNFTs to reach their aim of being more interactive, responsive, and flexible.
Companies that come up with new and useful AI algorithms will be very important to the industry in the future. To use iNFTs to their fullest extent, it will be necessary to build the appropriate AI abilities, and protocols like AIWORK, which advance AI algorithms through a decentralized network of human experts, will be essential.
Content Source: medium.com