This article is about what is Artsy Monke NFT project. NFT projects like Artsy Monke have gained popularity within the crypto community due to their unique and collectible nature. Owning an Artsy Monke NFT allows individuals to showcase their support for the project and potentially benefit from its value appreciation over time, depending on market demand and the perceived artistic value of the collection.
What is Artsy Monke NFT Project?
The Artsy Monke NFT Project is a collection of 10.000 unique non-fungible tokens (NFTs) created by a team based in Hartford, Connecticut. The project involves the use of an AI art program that takes inspiration from the Bored Ape Yacht Club NFTs. The team fed all 10.000 Bored Ape Yacht Club NFTs into the AI program, which generated chaotic and intricate images with elements such as Viking ship scenes, neon city landscapes, and stormy oceans. These images come together to form the faces of the disaffected simians, giving each Artsy Monke NFT its distinct character.
The Artsy Monke NFTs aim to bring a fine art element to the world of NFT collections. The project seeks to offer unique and visually engaging artwork that collectors can enjoy. The NFTs were listed for sale on OpenSea, a popular NFT marketplace, and quickly sold out. The project has gained attention and popularity within the NFT community, with a total volume of 381 ETH and a floor price of 0.0098 ETH.
How was it Created?
The Artsy Monke NFT project was created by an artist who is also a software engineer. The artist initially started experimenting with AI art during the NFT boom in March 2021. Using a neural network, they trained the AI to create artwork in the style of various artists, starting with a cartoon punk in the style of Picasso.
The AI used in the project is trained with a dataset of 14 million images and related keywords. It learns to create art by adding noise to an initial random image and gradually de-noising it based on the desired output and associated keywords. This process involves multiple iterations, with each image taking between 25 and 250 iterations to reach completion.
To facilitate the computationally intensive process, the artist and their team rented virtual servers on the Google Cloud and built custom virtual machines with powerful GPUs. These GPUs, which cost $20.000 each, were used on a per-second basis to generate the artwork. The artist closely monitored the process over the course of a week, creating 10.000 monkey-themed artworks, affectionately called "Micro Organized Neural Knowledge Engine" or MONKE.
The artist also collaborated with a blockchain developer and web designer to give the artwork a home on the blockchain as NFTs. NFTs, or non-fungible tokens, provide irrefutable proof of ownership on a blockchain ledger. They allow artists to release their work with confidence and receive royalties when their art is sold in the future. The artist emphasizes the benefits of NFTs, including the ability to track ownership and ensure artists are compensated for their work.
While apes have gained popularity in the NFT world, particularly due to the success of the Bored Ape Yacht Club collection, the Artsy Monke project took a different approach. Instead of focusing on profile pictures, the artist aimed to create art that people would enjoy collecting and holding. The mint price for Artsy Monke NFTs was set at 0.01 ETH (around $10), making them more accessible to a wider audience.
Bottom Line
In this article, we will discuss what is Artsy Monke NFT project. As with any NFT project, it's important to do your own research and exercise caution when participating in the Artsy Monke or any other NFT marketplace.
