6/24/2023 0 Comments Crypto x mirage“A day will come where you will tokenize your voice. ![]() The company originally used OpenAI’s GPT-3 natural language model to give the NFTs intelligence, but now it uses its own AI model, seeing it as a key opportunity to generate a profit.įounder and CEO Arif Khan thinks that by storing information about creations on the blockchain, people will be able to look it up and verify whether a video or image was real or AI-generated. These intelligent NFTs, or iNFTs as the company calls them, become something like chatbots that can be owned, trained, or sold. While Irreverent Labs uses Mechabot NFTs to provide a proof-of-concept for its AI technology, Singapore-based Alethea.ai is sticking with NFTs and using AI to animate them.Īlethea “wraps” avatars in AI that animates them and gives them conversational skills. “If you look at the world-building we’re doing as a company of 30 people with MFC,” he says, “it would take like 300 people to do world-building in other games.” At the same time, he thinks gaming studios can be much smaller. Like many AI evangelists, he says that AI won’t replace the job of storytellers responsible for developing the narrative or characters in a game. Sood already believes that AI has the potential to change the way gaming studios work. “Number two is this idea of breathing life into characters and making them autonomous.” We’re showcasing two tools we are working on: One is video prediction, which is what we’re going to release this year,” Sood says, describing the technology that can power fights and Mechabot evolutions. We want to show people what they can do with our tools. Irreverent plans to use the technology that it’s developed to create a video prediction tool and to give characters-like NFT art characters-personalities. But it’s the same idea.” Now, MFC serves as a display for the AI technology the company has been building to power it. “When we started the company,” says cofounder and CEO Rahul Sood, “we called ourselves an automated entertainment company because the term ‘generative AI’ wasn’t widely used. Beyond A16z, Irreverent’s lineup of backers was also dominated by crypto funds.īut as investors flocked to AI, Irreverent realized that it could make more money by leveraging the machine-learning technology it had developed. Participants would pay to play, and then earn in-game cryptocurrency as they continued. While you were trying to wrap your head around the idea of robot-cockfighting NFTs, you may well have glided over the allusion at the end that every character in its game was “artificially intelligent.” The vision was that after one purchased an egg and that egg becomes a souped-up cockfighting bird, it would develop distinct, AI-generated characteristics and skills as they are trained by users.Įven though AI was baked in from the start, Irreverent was marketing MFC as akin to Axie Infinity-a game which was once seen as a potential source of income, especially in poorer countries like the Philippines and Venezuela. ![]() “Every character in the game is an individually unique, artificially intelligent non-player-character (NPC) living on the blockchain as an NFT.” “ is a ridiculous idea: robotic roosters and hens fight in a hilarious combat sport that is part MMA, part Tamagotchi, part Gundam Wing, part Mortal Kombat, with a garnish of humor from Family Guy, Monty Python, and South Park,” the company wrote in a blog about the investment. When Irreverent Labs announced in May 2022 that it had raised $40 million in fundraising led by one of A16z’s crypto investors, the company looked like it was building a play-to-earn Web3 game that would have its own economy. Which means that all of the ideas that most of the public rejected when attached to crypto projects may find their way into the mainstream via the current obsession with all things AI The AI part got lost amid the crypto bubble, but it was always there.Īs a result, what looks like a strategic pivot from crypto to AI turns out to be just a shift in emphasis. But that ignores one very important notion: A lot of crypto projects were always simultaneously AI projects. It’s tempting to buy into this narrative that the AI hype cycle has replaced the effort to make a crypto-powered Web3 and the metaverse the next big things. In the event there was any doubt that our cultural arbiters just wanted to move on to the new hot thing, this past week, Guy Oseary, the prolific tech investor who had gone all in on crypto in 2021 (he had backed Bored Ape Yacht Club owner Yuga Labs, NFT marketplace OpenSea, and NFT concierge payment service MoonPay), announced a new $240 million investment fund focused on AI.
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