Matry Painting The Future of NFTs: AI, Machine Learning, and Big Data
The Change in How Humans and Technology Interacts
As technology increases in complexity and each individual’s allotted time throughout the day decreases with more life demands, continuous evolution through sheer human intervention becomes increasingly difficult. This is why society has capitalized on an alternative form of technology to assist in bypassing these obstacles; Namely, Artificial Intelligence (AI). Through the utilization of AI, humans are able to remove a large portion of the grunt work necessary to evolve the technology required for human prosperity. Rather, we as developers get to tap into our creativity to intelligently create the algorithms which ultimately governs how these AIs will operate.
This relative increase in AI utilization can also be illustrated by analyzing AI overall market growth, which currently sits at an annual growth rate of 33.2%, an ascension that vastly outmatches the majority of other markets across the globe.
But how does the ever increasing utilization of AI relate to the cryptocurrency marketplace, or to NFTs for that matter?
NFT Use Case for Society’s Future
Well, as most veterans within the cryptocurrency space know, blockchain technology, alongside the strategic use of NFTs, are being leveraged to enhance nearly every technological and consumer sector across the globe. While the reasoning behind this is far too complex for this article alone, it can be summarized as such: Blockchains can allow automated verification of the ownership for anyone real-life product simply by having an NFT tethered to the product itself.
NFTs Innovatively Trailing Behind Blockchains
However, this cross-validation and security of ownership is an incredibly time-intensive task for a human, but not so for an AI. This is why AI is so critical for blockchain; Blockchain and the algorithms that govern its ecosystem in itself are AI-powered. However, while blockchains in themselves have been evolved for the ever-expanding utilization of more intelligent AI, NFTs have not.
Not until Matry came into the blockchain space.
The Evolution of NFTs: The Matry Solution
The Matry ecosystem seeks to evolve NFTs to match the enhanced functionalities of the AI being utilized within the cryptocurrency space. As a result, where simplistic NFTs nowadays really only act as digital art pieces, Matry’s NFTs will seamlessly connect to DeFi functionalities across the space so as to maximize passive earnings for their holder. Alongside this, Matry’s NFTs will capitalize on the dynamic evolutionary components of AI, otherwise known as machine learning, to ensure that these NFTs will maintain their superior status going forward into 2022 and onwards.
This machine learning that will be exclusively receptive to Matry’s NFTs will also allow their holders the ability to utilize their NFTs within sectors of the cryptocurrency space that was once not possible. For example, with the increasing popularity of GameFi, players seek to have more advanced functionalities to their in-game assets. This could be playability-related factors, such as allowing the evolution of their items (ie. sword, armor) in response to in-game achievements, or profitability-related factors, such as increasing the passive earnings one earns from their in-game assets by simply holding them.
This example of how Matry’s NFTs enhance the GameFi metaverse can be extrapolated to all other cryptocurrency sectors across blockchain. Through the intelligent utilization of AI and machine learning, Matry will become the protocol on which all future NFTs will be based. As a result, Matry will become the go-to ecosystem to create and utilize NFTs within the space and will secure itself as the true evolution of NFT technology as a whole.
Please see our documentation here to better understand the underlying technology that makes up the Matry ecosystem.
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