​AI artist Botto earned more than $1 million on the sale of NF | NFT / BTC / DEFI News 📣

​AI artist Botto earned more than $1 million on the sale of NFT

An artificial intelligence algorithm called Botto earned about $1.3 million for its first six works in the form of NFT. The auction takes place on the SuperRare marketplace, writes New Atlas.

When creating a picture, Botto generates random strings of sentences and transmits them to the VQGAN neural network, which creates images using examples of famous works of art.

After that, the CLIP algorithm determines how close the result is to the original string of words. If necessary, it forces VQGAN to redo the image until it gets a "passing score".

CLIP also selects a title for the picture, consisting of two words.

To describe the image, Botto uses the GPT-3 language model from OpenAI. It generates up to ten different passages of abstract poetry, which the development team checks, edits and selects the most appropriate option.

The algorithm generates 300 images per day. Then the "taste model" selects 350 paintings each week and sends them to the community members for voting. The image with the highest score is converted to NFT and put up for auction.

At the time of writing, the project managed to realize six paintings. The first two were sold for $300,000-400,000, but the value of the last lot was $81,000.

The developers used the proceeds to develop a project that issues its own Botto token, which is used by community members to vote for the best, in their opinion, options. After each auction, some of the coins are redeemed and burned.

Recall that in November, a 14-year-old artist from the United States earned over $ 1 million in non-interchangeable tokens in 10 hours.

In August Fetch.ai launched an NFT marketplace for art objects created using AI.