AI + NFTs: What is an iNFT ?

Today we are doing something exciting and switching it up. We have a guest post from my friend Arif Khan who is the founder of a company called Alethea AI. Alethea is leveling up the functionality of NFTs by imbuing them with intelligence via GPT3. I asked Arif to write a blog post about NFTs and AI with a focus on what he is building and he offered to create a guest post. Content for Zima Red? Yes please!

Also if you are not keen on reading but happy to listen to a podcast all about AI and NFTs, check out the podcast Arif and I recently recorded.

Arif Khan – The Rise Of Intelligent NFTs – Zima Red ep 52

Please note that I am an investor in Alethea so very biased in having this guest post on Zima Red 😁

Before diving into this blog, quick message from our sponsor:

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Author: Arif Khan

Introduction

From the invention of still images to virtual worlds, humankind has progressed in the past two hundred years to create enormously richer, higher fidelity renderings of the world around us and the world that could be. Our capacity as a species to not just consume media, but also create new meaning and myths through media, defines us as Homo Narrans. Meaning-making is not just a function of our humanity, it is an ontological Raison d’être of our humanity.  The advent of the internet facilitated the efficient, scalable and mass distribution of information, and occasionally it’s underlying meaning. But, it was not without sin.

The internet is a monumental, state-funded invention that omitted the ability to transfer value over a digitally native P2P Value transfer protocol. Information could be transferred cheaply, but not its underlying value. Subsequently, tremendous value accrued to centralized gatekeepers who could throttle bandwidth and impact information flows at will, due to their massive distribution networks and gated privileges. For the past 50 years, our creative class was sacrificed at the altar of efficiency and scale. Media consumption increased but content creators who would not buckle to established orders were told to ‘learn to code’.

And that is exactly what they did.

The NFT revolution today is in its infancy, and represents a global redemption and courageous rebalancing by the creative working class. However, we risk committing an exponentially larger sin of omission, with greater consequences if we neglect a critical and important dimension of NFTs: Programmability, with a specific focus on programmable…