Web3 development studio Find Satoshi Lab has unveiled GNT V3, the newest version of its AI-powered NFT generator that allows users to transform their selfies into unique digital artworks and mint them as NFTs.
According to FSL’s press release, GNT V3 will leverage advanced AI algorithms and in-house training by MOOAR to convert images into distinctive pieces of artwork.
“This is the advent of a new era of Web3 technology, where individuality merges with blockchain technology to redefine personal expression,” said FSL co-founder Yawn Rong.
“We’re pushing the boundaries of digital self-expression and enabling users to become creators of their own unique digital masterpieces, ready to be showcased and monetized in the vibrant Web3 ecosystem. We are pushing beyond conceivable creative boundaries.”
The initial release, GNT V1, launched exclusively on the Solana blockchain in April, with plans to expand to other chains in the near future.
While V1 allowed for the generation and minting of individual NFTs, V2 allowed for the generation and minting of an entire NFT collection. Then, V3 took this a step further by allowing users to input their own source material.
“Our community’s response to the launch of GNT has proven to us that there is a deep yearning for this technology,” said Co-Founder Jerry Huang about the enthusiastic response from the community.
“This puts endless potential of creativity in the hands of creators, and we are proud to take this one step further with the launch of V3. We firmly believe this will revolutionize the way individuals engage with and appreciate digital art, opening up new avenues for creativity, self-expression, and economic opportunities in Web3.”
GNT, the latest addition to the FSL product suite, aims to lower the barriers to entry into the Web3 ecosystem and facilitate the onboarding of the next generation of NFT creators.
With GNT, creators can efficiently produce up to 1,000 NFTs in a single batch. The NFTs are then uploaded to the blockchain and made available for trading on the MOOAR marketplace.
In order to facilitate scarcity, the NFTs can be launched on FairMint. This allows creators to mint collections and publicly sell them on MOOAR for a limited 12-hour period, after which unsold NFTs are permanently locked.
Last November, FSL released MOOAR as a multi-chain NFT marketplace that operates on a membership basis. This platform aims to establish a self-sustaining ecosystem for FSL’s product lineup, which includes Stepn and DOOAR, a Solana-based decentralized exchange.
The introduction of MOOAR allows users to purchase the sneakers required for Stepn while also providing the opportunity to create and sell NFT collections on the platform. The goal is to foster collaboration between the three apps, each supporting the others. Find Satoshi Lab noted in a press release, “The three apps will work in collaboration to actively support each other.”
Shiti Rastogi Manghani, COO of Stepn, believes that failing to support artists in the long term could devalue NFTs. She also underlined that MOOAR aims to compensate creators fairly, saying, “We want to stand by creators and enforce this rule in the fee structure.”
On the MOOAR platform, creators can set royalty fees between 0.5 percent and 10 percent with a default rate of two percent. This aims to empower artists to determine proper compensation for their works while ensuring a fair and transparent environment for all participants.
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