When machine learning met crypto art... they fell in love ❤️
The Decentralized Autonomous Artist (DAA) is a concept that is uniquely enabled by these technologies.
Meet my favorite DAA - Botto.
Let me tell you how it works 👇
Botto uses a popular technique to create images - VQGAN+CLIP
In simple terms, it uses a neural network model generating images (VQCAN) guided by the powerful CLIP model which can relate images to text.
This method can create stunning visuals from a simple text prompt!
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Creating amazing images, though, requires finding the right text prompt
Botto is programmed by its creator - artist Mario Klingemann (@quasimondo), but it creates all art itself. There is no human intervention in the creation of the images!
Botto is trained by the community 👇
@quasimondo The Botto Community
Botto asks its community for feedback and learns from it. Every week, Botto creates 350 new images and the members of the community vote for the pieces they like.
The feedback is then incorporated into the creations for the next weeks.
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@quasimondo At the end of every week, the best piece is sold at auction.
And Botto has been quite successful - it has generated $1.9M from 19 auctions. The most expensive piece, Scene Precede, sold for $430,000!
superrare.com/bottoproject
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@quasimondo Now, this is a lot of money, so how are they used?
The money goes back to the community!
The mechanism is quite interesting, but first, I need to tell you about the $BOTTO token.
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@quasimondo $BOTTO is a crypto coin that serves as a membership token for the community.
Only people holding $BOTTO are allowed to vote on the art. Every member gets voting points proportional to how much $BOTTO they have staked.
$BOTTO can be bought on decentralized exchanges.
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@quasimondo The $BOTTO supply is limited to max 100,000,000 tokens. In fact, the supply is decreasing - after every auction, Botto uses the proceeds to buy $BOTTO and burn it.
This makes the remaining supply more valuable and drives the price up. That's how the Botto community profits.
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@quasimondo Additionally, $BOTTO holders can earn more tokens by providing liquidity on UniSwap or by staking.
The tokenomics of the project is quite interesting because it creates incentives for people to stake their tokens and train Botto to become a better artist.
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@quasimondo And finally, Botto's presence is not limited to the Metaverse!
It travels the world accompanied by its creator @quasimondo to present its work at various events and in physical galleries.
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@quasimondo If you want to learn more about Botto, follow it @bottoproject and visit the website botto.com.
I also highly recommend reading this thread about how Botto was created:
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