Zora, a social network platform based on NFTs, is expanding into the artificial intelligence market, according to Dee Goens, one of the co-founders, in an interview on Chain Reaction.
Distinguished from Sora, the text-to-video tool by OpenAI, Zora’s primary goal is to assist creators, brands, and artists in optimizing their content monetization through NFTs. Goens mentioned that Zora recently reached nearly half a million monthly transacting users, with creators earning over $1.3 million in the last 30 days by sharing their content. For more insights, you can listen to the episode featuring Goens on Zora.
The Zora Network operates on the Optimism layer-2 blockchain, focusing on expanding the Ethereum ecosystem. Since its establishment in 2020, Zora has facilitated over $300 million in secondary sales, with users minting over 4 million NFTs and attracting around 1 million unique collectors.
Looking ahead, Zora’s co-founders, Jacob Horne and Goens, envision a symbiotic relationship between crypto and AI technologies. They believe that by integrating more information on-chain, both sectors can enhance their value propositions and functionalities.
Recently, Zora introduced a feature enabling creators to utilize AI for minting on its platform. This advancement allows for instant generation and minting of images based on typed input, fostering a new revenue stream for creators leveraging AI models like Stability AI.
Goens emphasized the growing demand from NFT creators for enhanced AI capabilities and tools, signaling a significant opportunity for innovation in this space.
In conclusion, the convergence of blockchain and AI holds promise for verifying ownership and authenticity across various media forms. Goens highlighted the importance of transparency and open-sourcing AI models on-chain to enable informed decision-making and further advancements in the field.
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