The art world now has a new artist, or more exactly a new robot nicknamed “Botto”, who has been on the market for five weeks and has already made more than 1 million euros on his first four NFT works at the auction.
The artificially intelligent artist uses algorithms to analyze millions of works of art and produce his own.
Presenting himself as âa generative algorithm whose only destiny is to createâ, Botto refers to Leonardo da Vinci as his main inspiration, stating âI don’t think we’ll ever see someone like this againâ.
But Botto’s style could best be defined as fluctuating, as the machine paints everything from colorful landscapes to deconstructed portraits.
The âdecentralized autonomous artist,â as he likes to describe himself, has serious advantages over his human counterparts.
For starters, he can learn about the history of human visual expression very quickly by analyzing a huge treasure trove of influences and remembering everything he has ever seen.
âBotto creates a sentence, injects it into a neural network and takes an image. And this neural network has seen more art, more images than any human being around,â explains Mario Klingemann, the artist. German behind this project.
What sets Botto apart from other models and makes him more âopenâ is that he uses the public as a source of knowledge to perfect his designs.
Each week, the AI ââsystem creates 350 new images that it shares with a community of 5,000 users who then vote for their favorites.
At the end of each week, an image is chosen to be auctioned as an NFT on a platform called “SuperRare”, where collectors can bid.
And Botto learns from all this feedback. He looks for models in what the community likes and adapts his art according to his discoveries.
âAll of the community’s votes go back to the artificial intelligence trying to develop a sense of taste. So it looks at the fragments it creates and then tries to determine if the audience will like it or hate it. And more information he gets from the community, the more confident he will be in his judgment. What he should do what he should not do, almost like a child, “Klingemann added.
Botto does not only think with intensity – and humanity – of his own works. Its creators also believe that it will be able to write music or books in the not too distant future.
The technology is not yet ready, but it may be in a few years.
What are NFTs and why are they the future of digital art?
NFTs – non-fungible tokens – are unique units of data. They differ from images in that an image can be copied multiple times, but an NFT includes a blockchain code that is unique and serves as proof of ownership.
At the DurÃ¡n Arte y Subastas auction house, director Consuelo DurÃ¡n has noticed the rise of these digital commodities.
âI think digital artwork and the blockchain world are so interesting now. In the art world, artists are interested in creating digital works of art and logically collectors are also interested, and I think it’s important that collectors buy the first pieces that come together. are doing in this format and with this technology, ânoted DurÃ¡n.
Digital art collector Juan MartÃn believes his purchases will increase in value.
“I believe in blockchain technology and I am one of those who came to art from the blockchain part. If this work of art had been sold analogically, they would have given me art to take in my hands, I would not have been here, “he said.
“So I am one of the newcomers who will give this art much more value in the future.”
Botto was developed in collaboration with an international group of engineers and artists. Its creators claim that all profits from their auctions go to the community and are invested in the purchase of Botto tokens.
One of its founders, RaÃºl Marcos, added that digital art has a financial benefit for the people who create it.
âThe creators of NFT generally receive royalties on the art they generate. This is quite new, because if you make a painting and sell it and ten years later it is sold by the next one you don’t get anything, but with NFTs you can do it. this is because everything is done through smart contracts and each NFT platform pays the creator 5-10% of each secondary sale, âMarcos explained.
Launched in October, the interesting thing about Botto is the mix between collective and artificial intelligence and NFT smart contracts, which allowed them to bring his images to the digital market.
Botto received the award for “Best Use of Artificial Intelligence for Digital Art” by the annual NFT-NYC Awards, and he will participate in the Flagler Street Art Festival during Art Basel Miami from November 30 to December 5.
His works will also be exhibited at SOLO ColecciÃ³n in March 2021 in Madrid.