Zora: Pioneering the Intersection of AI and NFTs with a Unique Earning Model
Zora is a noticeable participant in the NFT (Non-Fungible Tokens) market. It is making impressions by venturing into the territory of artificial intelligence. The platform serves as a social network for creators, brands, and artists. It is now offering a new way for AI model makers to earn money.
The declaration was made by Zora’s co-founder, Dee Goens, on Chain Reaction. Chain Reaction is a popular podcast in the crypto community. Zora’s primary goal is to allow creators to monetize their content through NFTs. In the past month alone, creators on Zora have earned over $1.3 million by posting their content.
Zora operates on the layer-2 blockchain Optimism. It is devoted to expanding the Ethereum ecosystem. Since its launch in 2020, Zora has seen over $300 million in secondary sales. Users have coined over 4 million NFTs. The platform claims about 1 million unique collectors.
The co-founders of Zora view crypto and AI as two technologies that can mutually benefit from each other. They are determined to create a platform that enables the transition of AI onto blockchains. In an important development, Zora recently launched a feature that allows creators to use AI to mint on its platform.
This move is particularly helpful for creators of large language models like Stability AI. They now have the opportunity to capture value from their models’ outputs when people mint them.  This ground-breaking approach is set to transform the AI and NFT market, offering a unique earning model for AI creators.
Zora’s innovative method of incorporating AI with NFTs opens up a new possibility for creators to monetize their AI models. This not only marks a significant shift in the AI and NFT market but also sets an example for other platforms to follow. The connection of these two technologies could possibly redefine the digital economy, making it more comprehensive and rewarding for creators. The future indeed looks promising with Zora leading the way.
Read More:Â OpenAI Unveils Sora, a Game-Changing Text-To-Video Model for Generating Complex Scenes
Read More:Â Unitxt: A New Library for Customizable Text Processing and Evaluation for Generative NLP
