Oncyber is a web3 and blockchain powered startup that allows artists to create their own digital assets and list them on the platform as collections for collectors to find. The platform offers space for curators and architects to build their own NFTs based on their occupations and publish those digital assets on the platform. It also offers a platform over which artists and collectors can connect and immerse themselves in a metaverse ecosystem that gives them unlimited opportunities in buying and selling of digital assets while earning them considerable income.
To make the work of artists easier, Oncyber has recently launched an AI(Artificial Intelligence) tool that allows users to fast track their operations by creating digital assets using text commands. This comes as GPT released their latest version of the AI that has major improvements and updates. GPT has made considerable strides towards achieving automation in several areas including programming of web and mobile interfaces as well as creation of digital assets. The recent tool, which has been named Magic Composer is powered by the latest OpenAI’s GPT-3.5 model and does not require artists to use extensive tooling to design their digital assets. A few text commands will suffice in creating a 3D immersive metaverse while utilizing this tool. For instance, if a creator wants to change the color of their metaverse, typing a text command in the interface provided by the tool will do the trick hence the name ‘Magic Composer’.
With the generative AI winning over the hearts of many users, Oncyber has a unique opportunity to apply this tool on NFTs from different crypto wallets and chains like Ethereum, Solana and Polygon among others to tip the odds to its favor. AI generated digital assets and NFTs is a relatively new field that has seen a lo of traction in recent days. This space does not have a lot of players but with increasing interest from investors and stakeholders, the situation is about to change rapidly. This is especially because, since the birth of this sector, many critics in the crypto community have expressed their doubt on NFTs generated by AI. Some have said that they do not trust these automated NFTs specifically because one major concern remains unaddressed. This concern has to do with whether these digital assets have any backing by real world entities.
Back to Oncyber, the CEO of the firm, Rayan Boutaleb, says that this is only the first version of the tool and that subsequent iterations will grant more powers to artists in their quest to give life to their dreams. With more Investments being made in the field of generative AI, the CEO has expressed confidence in the robustness of their functionality in the future. The startup has promised its users a chance to unlock their creativity in subsequent iterations but currently, it is urging interested users to join the waitlist for their beta release. This project could see beta testing commence from as soon as on Monday the 25th this month. After testing and addressing of any arising issues, users are set to enjoy public use of this tool very soon.
Apart from Oncyber, other startups have also integrated generative AI in their operations. Earlier this year, Kaito raised $5.3 million in the first fundraising round. Kaito is a web3 based search engine that has expressed major goals in speeding up product development.
PayBito, a US exchange has also announced plans to integrate ChatGPT in predicting future trends in the exchange market thereby, improving their market analysis capabilities.
