Artificial intelligence (AI) is penetrating more and more areas of our society, not least in the world of art. But will artists be the losers in this technological revolution? The answer may lie in blockchain-based Web3 technology. This exciting new approach could give artists the control and income they deserve. Read on to learn more about this revolutionary technology.
Protests by actors, authors and artists
In recent times we have seen a growing unrest in the artistic community, both in the film and art scene.
A good example of this is the recent strikes by Hollywood writers and actors, who defend themselves against unfair contract practices and the lack of protection of their rights by existing contract structures.
Similar dissatisfaction is reflected in the ArtStation Community reflected in which artists demand a fair share of the profits from their art.
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Warning from Rep. Adam Schiff
congressman Adam Schiff has now issued an urgent warning to the artistic community and the public. Ship warns of the potential risks associated with the unstoppable advance of AI.
His worries mainly concern the possibility that Artists could lose their jobs and creation rights due to AI technologies.
So would the possibility of using AI creating artworks that cannot be distinguished by human hands undermines the value of human creativity.
Likewise, the increasing use of AI in the entertainment industry could mean that human talents are less in demand.
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Web3 and artist rights
But there is a glimmer of hope on the horizon. Web3, a new technology based on the blockchain, could Give artists back control of their work.
Web3 technology allows artists to mint their works as NFTs (Non-Fungible Tokens). An NFT is a unique digital token associated with a work of art and representing ownership rights to it.
NFTs can be used for digital art, music, movies, games and even virtual real estate. Each time an NFT is sold or used, the original artist receives a percentage of the sale price.
This allows artists to continually benefit from their work even after they have sold it. It also offers artists a new level of control and transparency over their works. In addition, the cannibalization effect of the AIs can be counteracted and the humanity of the source can be verified.
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Cannibalization effect and the glimmer of hope for human labor
It’s a paradox of AI development known as the cannibalization effect: AIs learning from AIs.
At first glance, one might assume that this paves the way for exponential improvement and independence of AI, which ultimately means the end of much human work.
But this is where it gets interesting: While AIs are indeed able to learn from other AIs, this process often results in them imitating each other rather than inventing new, innovative solutions. Therewith the quality of the AIs even decreasesas was the case with ChatGPT recently.
This effect could be an unexpected safety net for human labor. Because while AIs are extraordinarily efficient at performing tasks they’ve learned, push their limits when it comes to creative problem solving and innovation. This is where the irreplaceable value of the human spirit comes into play.
Human creativity, intuitive understanding, and the ability to act from experience and intuition are qualities that AIs, despite advances, are not yet able to replicate. And as long as that is the case, there is still room for human labor and art, even in an increasingly AI-dominated world. At least people will still have to add the finishing touches for some industries.
future prospect
While we are still at the dawn of this exciting new era of AI and blockchain technologies, there is reason for hope. With tools like Web3, artists could not only survive but thrive in a world shaped by AI. Rather than spelling the end of the artistic profession, this technological revolution could open up new ways of valuing and rewarding art. In addition, artificial intelligences also need creative human data, as they are not yet sufficiently capable of doing so, at least not yet. In fact, the future of the artist community may be brighter than we can imagine today.
More profitable investments by identifying statistical advantages using AI
The incredible power of AI has the potential to revolutionize a wide range of industries. In the financial sector, however, it is already firmly anchored, as it is said 80% of the trading volume is due to AIs. In order not to let small investors down when trading and investing, yPredict provides the most modern AI analysis systems and trading platforms from the top 1% of developers. This AIs can process enormous amounts of data faster than humans and derive profitable trends from it. As well they are constantly learning and adapting to the marketsto become more and more profitable. yPredict has AI solutions for other areas such as search engine optimization are also on offer.
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Enterprise Metaverse takes remote work and efficiency to a new level
The development of mankind, especially in terms of technology, is happening at a breathtaking pace. Therefore, it is of crucial importance for employees and companies to constantly learn and adapt in order not to be left behind. To make them sustainable, DeeLance is hiring Ecosystem tailored to the world of work with the most modern functions ready. That is an important element Corporate Metaverse, which enables interactive training, teamwork, job interviews, trade fairs and 3D presentations. Another important aspect is the decentralized freelancer job market. This is primarily characterized by its high level of security and efficiency, while at the same time offering the lowest fees. Labor rights are secured through NFTs.
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Memecoin boss and Renegade off to impressive start
A new memecoin enters the market to eclipse its mindless competitors. Because it’s not just another Shiba Inu-themed coin or a reaction to a tweet from Elon Musk or something similar. Instead it is the Fantoken of the international and timeless Thug Life movementwhich had its roots in the 80’s and by the crypto evangelists and rappers Snoop Dogg was spread. There are also rumors that he himself is involved in the project because his picture can be seen on the website and he is very active in the crypto market.
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About the author: Simon Feldhusen first came into contact with the stock market 17 years ago and has been dealing intensively with trading, cryptoassets, stocks, P2P, corporate finance, finance and entrepreneurship on a daily basis for more than 8 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years. During this time he has acquired a diversified knowledge through various training courses on the financial markets and following the daily news. Since then, not a day has gone by that he hasn’t engaged with the markets. He publishes for Finanzen.net, ETF-Nachrichten.de, Coincierge.de and P2E News.com.