Artificial intelligence (AI) is broadly understood as the ability of a computer to simulate human intelligence and perform sophisticated tasks such as decision-making, problem-solving, and learning. This and other adjacent technologies have seen exponential growth in the past decade, becoming intertwined with many aspects of our daily lives. While AI-generated NFT art has emerged as one of the main categories of the NFT market, some project teams have taken this up a notch and started incorporating AI models within NFTs.
One design of an AI NFT is a tokenized asset with a Generative Pre-trained Transformer 3 (GPT-3) AI model coded into its smart contract. A GPT-3 is a language model based on deep learning and is used to produce human-like text. On top of being able to interact with people via user inputs, AI NFTs can come with other properties like animation. This makes them more dynamic compared to more “traditional” NFTs that often take the form of an image or audio file.