NFPrompt (NFP): Unleashing Your Creativity in the AI Era
When it comes to art, the human mind is limitless. That said, blockchain technology has opened a new world of exploring and monetizing digital art through non-fungible tokens (NFTs). Now, thereâs a new wave in the digital art world in which artificial intelligence (AI) models are being used to develop exciting and futuristic pieces.
As we evolve into the fast-paced world of AI-generated art, NFPrompt has created a platform that anyone can use for leveraging AI technology and web3 to explore their artistic imagination. With NFPrompt, not only can you generate art using AI but you also get to secure ownership of creation on-chain via NFTs.
Letâs learn more about this innovative art creation platform.
Key Takeaways:
NFPrompt is an AI-powered prompt artist platform that you can use to AI to generate art while earning from your creativity via NFTs.
Its native token, NFP, is used to pay for fees, earn voting rights to governance matters and pay royalties to NFT artists on the platform.
You can also earn cNFP, a synthetic token, through daily activities such as minting art in order to qualify for a governance token airdrop.
What Is NFPrompt?
NFPrompt (Non-Fungible Prompt) is an AI-powered web3 tool that leverages blockchain technology to help people mint curated AI art from their imaginations, while securing ownership over the art with non-fungible tokens (NFTs).
The platform aims to use token-based incentives and an open marketplace to attract different types of artists in the contemporary art industry. Through NFPromptâs user-friendly AI modeling interface, artists can easily create digital art and mint it as NFTs, on-chain, for easy verification and ultimate ownership over their AI-generated NFTs.
Apart from using AI to generate ideas, artists can also use predefined styles to further enhance their creative processes.
A dual token structure powers NFPromptâs ecosystem: NFP, its native token, and cNFP, a synthetic token thatâs critical in aligning economic token incentives for users through a reward-based credit mechanism.
How Does NFPrompt Work?
To onboard truly exceptional artists and other users onto its platform, NFPrompt operates in the following ways.
Seedless Experience
This feature allows you to easily log in and create art on the platform without owning a crypto wallet (hence, no need for a seed phrase). The goal here is to allow Web 2.0 users unfamiliar with the technical nature of blockchain and DApps to seamlessly onboard onto NFPrompt.
Gasless Experience
To encourage more users to generate AI art on the platform, NFPrompt has waived 100% of gas fees (for a set campaign period) for activities such as minting and listing.
NFP Creation
To create AI NFTs on the platform, you can use the AI tools in the Curate Now section, which has various settings to accommodate most people. For now, NFPrompt is using Midjourney V5.2 and Stable Diffusion AI models to create art, although it may launch its own model in the future.
Purchasing NFPs
To buy AI NFTs on the platform, you can click on the Buy Now tab to access a database of various collections by featured artists.
Selling NFPs
As an artist, you can curate and sell your minted art by using NFPromptâs straightforward and user-friendly interface.
In the future, NFPrompt plans to introduce features such as staking, inscriptions on BNB Chain and a SocialFi feature to boost community engagement in various ways, for example through art galleries and discussions.
What Is NFP Token?
NFP token is the native token for NFPrompt. Itâs used as both a governance token and a utility token. You can use NFP as a utility token to pay transaction fees and to price NFTs on the marketplace, as well as for royalty fees to artists. NFP holders can also use their tokens for governance to vote on various decisions that have an impact on the platform. Going forward, once staking is introduced on the platform, holders can lock their NFP tokens to earn rewards.
NFP conducted a fair launch mechanism with an initial total supply of one billion tokens distributed, as shown in the chart below:
Of the above allocation, tokens set aside for the team and investors have a one-year vesting period, after which theyâll be released linearly over five years.
NFPrompt also uses cNFP, a synthetic token that you can earn through a credit mechanism on the NFPrompt platform. To receive credits, you need to perform daily tasks such as referring friends, minting and trading NFTs, and following the platformâs social media handles. Based on your number of accumulated cNFP credits, youâll also be eligible for a governance token airdrop.
NFPrompt Price Prediction
As of Jan 30, 2024, NFPâs price was $0.58, a 50.3% drop from its all-time high of $1.17 on Dec 27, 2023, and a 27.4% increase from its all-time low of $0.455 on Jan 23, 2024.
Price prediction platforms are fairly bullish about the future price of NFP. According to forecasts from crypto pricing website CoinCodex, NFP will hit a high of $0.95 in 2025 and rise to $3.43 in 2030. Analysts at DigitalCoinPrice, meanwhile, believe that NFP will hit $1.48 in 2025 and rise to $4.36 by 2030.
Despite these bullish price projections, this isnât financial advice. We highly recommend that you do your research before investing in NFPrompt or any other crypto project.
Where to Buy NFPrompt (NFP)
You can buy NFP on Bybit as an NFPUSDT Perpetual contract trading pair through the platformâs trading terminal. Youâll need to sign up and get verified (itâs fast and easy). Upon successful registration, you can proceed to Bybitâs trading terminal, load your account and proceed to buy NFP.
Closing Thoughts
AI-generated content has stirred up the creative art scene. Existing challenges such as plagiarism have pushed people from traditional art systems to explore alternative outlets and incorporate new technologies in order to bolster their creativity. By introducing the use of NFTs and AI models, NFPrompt can help artists explore their imaginations in order to create AI art while remaining in control of its ownership.
As the web3 landscape continues to flourish, NFPrompt will be a project to watch, especially due to its AI-focused approach to NFT art.
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