Data Driven Art
It’s Just Art, Not AI
Data — NFT Curators of the New Age
What’s the most popular form of art in the world today?
People might say digital art or computer-generated images, but one genre is rapidly growing — NFT. A new study by Adobe indicates that 47% of all “automatically generated content” is now being made with Machine Learning (AI) tools. There are plenty of benefits to this evolving style of art ranging from personal expression to artistic innovation. The realization that these types of artwork are not just simple images has fueled their popularity — it isn’t just pretty pictures anymore. It’s a whole new medium with limitless possibilities. Artists have been granted a platform to express themselves without limits — and it’s clear why so many people love the idea!
OpenSea partners with Christie’s as the art world heads to Miami India has announced their ban on cryptocurrency The NFTS market is not lucrative. NOTE: Please see the footnote for more.
Every day more and more people are getting into the digital art industry, but with this growth comes cancer. The majority of them do not sell anything, but with this growth comes an increase in money. A previous study showed that only 5% of artists made over $1000 on their artwork. So now, with India’s new bill, it will be less profitable for artists. As a result, the number of sellers on these platforms will drop significantly — leading to an overall decline in profits for all participants in the system.
What is an NFT? — Non-Fungible Token
It comes as no surprise that digital artist Beeple’s success with his work is not indicative of the success of all NFTS artists. Beeple sold his collage for $69 million, but research shows an exception rather than a norm. The study shows that 1% of NFTS make more than $1500, and only 5% make over $1000. The majority of the artworks never sell at all — 75% are sold for less than $15. As a result, the market generates profits for only a handful of people — Beeple’s achievement was an exception to this dictum. The experts also think that with some structural changes to the market, it will still be profitable in the long run.
“Art is no longer concerned with a relationship to an object. It is about increasing expenditures,” augmented man
Is the value of art in numbers or data? On the other hand, does AI devalue art? Why isn’t there any clear answer to these questions? If there is one, then the question remains — What is AI art?
The tremendous interest in NFT has one significant advantage: art has attracted the attention of millions of young people. They found a way to release their creativity. Let us ignore the economic aspect for a moment, which was undoubtedly the engine of the NFT revolution. Instead, let us focus on the power unleashed through the creation of billions of digital artworks.
How to start your adventure with AI art ?
AI & Art (also for Non-Programmers)
towardsdatascience.com
“But there’s a chance things might start to change with some structural adjustments. Experts believe that with increased transparency and better quality control, artists will feel more confident about selling their work online.” Dariusz Gross #DATAsculptor
Art expresses the essence of an object but goes beyond that. Much like data. Much like the city, the earth, the universe, and all that is in it. So, when people talk about art, what they usually mean is the most significant art. Millions of young people from all over the world are trying to discover the most incredible art project. And they will succeed in this. It does not take a genius to make a statement — all it takes is effort, honesty, and a search for the proper context.
India Just Banned Cryptocurrency It’s official, India just passed a bill to ban crypto. This is one of the latest steps in taking crypto down and stopping the growing fears around it. Bitcoin was down 17%, Ethereum by 15%, and Tether by 18%. The bill will allow for an “official digital currency” introduced by India’s Central Bank. It will exclude all private cryptocurrencies at first but excludes them later on after certain conditions are met.
*This is extremely important to the future of the digital art market*
Regulations similar to those in India have already been created in China and are a harbinger of more. This will have a significant impact on the NFT market.
What will happen next? What will happen to the NFT market now? Too early to say, but one thing is clear: You better hurry up before someone else will do it for you.
The new tech is changing the way we understand art and how it’s valued. One of the most surprising things about NFTs is that they’re an excellent tool for those struggling with showing their work to the world, especially those without traditional forms of support. Conventional forms of support like funding and exhibitions can be complicated to secure on decentralized platforms, so this type of tech might be a great way to get your work out there on these platforms.
NFTs have had a positive impact on both creators and audiences because it has given them a chance to create art on their own terms — but more importantly, they’ve been able to connect with the artists that they love. In India’s attempt at regulating crypto, they’re making a big mistake. Not only is this a hands-off approach with regards to the journey of the digital art movement, but it’s also highly counter to the aims and values that the creators of the platform have pursued for years.
It’s clear that the digital art market is actually disrupting the art market — but this doesn’t necessarily lead to an authentic representation of art. Traditional art is subjective, but the current art market is primarily driven by commercialization. It’s been around long before cryptocurrencies, and it’s been stubborn when it comes to change. The digital art market might just be the innovation that pushes the commercial art market forward instead of further diminishing it.
Investing in art has been profitable, but there are risks involved. The art market is fraught with corruption, insider trading, and publications too close to art dealers. Time is quick, and the outcome might not be what the audience thought it would be. The best you can do is avoid bad investments and invest in your passion for art. But now, art has finally entered the new age of the Machine Learning (AI)
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Data-Driven Art is the future. It’s about time that you jumped into it.
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I am an Art Curator, founder at EvArtology, and ML consultant at MLearning.ai. I advise companies and institutions in the creative industries on using AI tools in their daily work. Human collaboration with ML models can be very creative and bring huge benefits. The new era begins now.
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