NFT Reborn has become the first company to “grant” a second life to any NFT artwork, through the use of artificial intelligence. It is a very innovative project, that many people may not fully understand.
What is NFT Reborn?
NFT Reborn is without a doubt an extremely innovative NFT art project. It allows uses to use artificial intelligence to re-build their NFTs into more valuable or attractive pieces for future buyers. In their words, they allow users to give their NFTs a second life. The project is decentralised and is based on the Binance Smart Chain, which has many benefits including low transaction fees and the use of the proof of stake model, which is environmentally better.
Artificial intelligence NFT Reborn, after users upload their NFT, uses an algorithm to determine its rating on parameters such as:
- The number of sales/purchases of the object on primary and secondary markets.
- The average selling price of the artwork.
- The volume of the secondary market (at the time of the sale).
- Sale intervals.
- Name of the author.
- The number of mentions on the Internet.
- Which marketplaces the artwork was allocated before.
Based on this rating that the NFT receives, the AI defines the number of $RBRN tokens required for an artwork’s or a collection’s rebirth.
Once the NFT has been ‘reborn’, the platform will give the new “NTF” three unique indicators. Uniqueness, rarity and serial number. The number available on the NFT Reborn platform is limited to 10,000, whether further editions will be issued will be determined by the project’s community.
The Token
The governance token of the platform is $RBRN. Basically, it is a BEP-20 service token with a total supply of $10,000,000,000 $RBRN. Significantly, it will deflate over time to maintain the long-term worth of the token. 50% of the token received from users is burned quarterly. While 50% of the token received from users will go into reserve and can also be used for future airdrops.
Find out More
Altogether, for further information on this extremely interesting project, you can find out more about them via their website, Twitter or Telegram.
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This article is educational material.
As always, make your own research prior to making any kind of investment.
