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Alethea AI, a decentralized protocol designed to build an intelligent metaverse, has launched a brand new product called Fusion. This allows for other NFT projects to be brought to life through the use of artificial intelligence. The company are providing new use cases for the project, which they feel could increase sale volume, community engagement, and user-generated content.
Often, NFTs are criticised as only being JPEGs. According to these critics, there are no uses outside of being a static image. Although this isn’t the case, and many projects are building huge roadmaps and working on bigger things, Alethea wants to change this, enabling for NFT projects to go a step beyond this and become intelligent by transforming regular NFTs into iNFTs (intelligent NFTs). This is also known as “fusing” these NFTs with a ‘personality pod’ (seen above). Users can create custom content and interact with their iNFT similarly to an avatar.
Initially, Alethea AI partnered with three top NFT communities for their new fusion product. The three projects are Fame Lady Squad, Doge Pound, and Pudgy Penguins. They are also looking for further communities to bring on in the future.
Since partnering with Alethea AI, each project has seen an increase. This was discovered by comparing average price, the volume traded, and the number of sales. Fame Lady Squad: 1.38x increase, Doge Pound: 1.35x and finally, Pudgy Penguins: 2.17x.
Also, beyond this, the partnered projects have seen what is known as the “Aletha Bump”. This is something that has seen increased community engagement across Discord and other social media platforms for each of the collections.
Holders of the NFTs are able to customize an AI personality for their iNFT, creating video content, as well as generate AI art based on prompts that the holders’ input. In the future, holders will be able to use their iNFTs to complete jobs in the metaverse, as well as copywriting or creating music.
The company’s CEO and Founder, Arif Khan, stated: “We created Alethea with the intention to bring increased utility to the NFT space as a whole. We believe there is a powerful future with iNFTs. Which will roam various metaverses producing content, engaging with a Web3 audience. And eventually becoming virtual celebrities and employees who are sought out for their expertise. We have been proud to partner with Fame Lady Squad, The Doge Pound NFT and Pudgy Penguins for the launch of Fusion”.
He added: “Moving forward, we are excited to bring this technology to more holders around the globe. Our innovative technology at the intersection of AI and NFTs deserves to be in the hands of as many creators as possible.”
Alethea AI is going through the process of building a decentralized iNFT protocol to create an intelligent metaverse. It will be seen featuring interactive and intelligent NFTs, which they’re creating throughout their many expansions. Developers can use the Alethea AI protocol to Create, Train and Earn from their iNFTs in the world’s first Intelligent Metaverse known as Noah’s Ark.
You can find them on Twitter, or join their community on Discord for more information on what they’re building.
The company consists of 100+ employees. They have investors such as Binance, Dapper Labs, Crypto.com, Capital and more. It was founded by Arif Khan. He has been regularly invited to speak at major global events like The World Economic Forum, and World Web Forum. Also, he has guest lectured at the Singapore Management University’s MBA program. His work has been featured in Bloomberg, Fast Company, and The New York Times.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
A multimedia journalist and social media manager based out of Glasgow, Scotland. Massive interest in sports, specifically basketball and football.
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