The Future of the Internet and Artificial Intelligence: Non-fungible Tokens (NFTs) and AI-Generated Art

The current non-fungible tokens (NFTs) environment serves as a prelude to digitally tracked assets of the future. It is an early exploration of how property rights and ownership will work in digital economies and the metaverse with a layer of irrational enthusiasm, speculative gambling, and desire to be part of a community applied on top of the current iteration.  There is something real here that has yet to be fully realized and a lot of abstraction distraction today. Some technologists have included NFTs (and generative art which makes use of machine learning and blockchain-native randomness to produce striking, unpredictable art) in their vision for a third age of the internet—the securitized internet.