Coinbase Unveils New AI-Powered NFT Creation Feature to Ignite User Imagination

Cryptocurrency exchange Coinbase The platform has introduced a novel capability on its non-fungible token marketplace, enabling users to craft their own NFTs leveraging artificial intelligence. The newly unveiled feature, dubbed 'Instamint,' encourages users to experiment with the collaboration between blockchain technology and AI. NFT For a limited timeframe, Coinbase is allowing users to make NFT transactions via Instamint without any charges. Nevertheless, users should still anticipate covering the essential expenses tied to recording transactions on the blockchain. This feature has been launched in beta, indicating that further upgrades and developments are on the horizon.

As stated by the company, users must upload an image of their choice in order to produce their NFTs. They also need to provide a name, description, and set a price for their creation, starting as low as $0.01. This straightforward method aims to open up the process, making it available to a wider range of users. Ethereum gas fees Now, you have the opportunity to generate NFTs using AI through Coinbase's Instamint feature.

Coinbase’s venture into AI-generated NFTs aligns with a significant trend within the industry. According to CoinGecko’s 2023 Annual Crypto Industry Report, trading volumes for the top ten chains reached $11.8 billion in 2023, even though this total is less than half of the NFT trading volume seen in 2022, which amounted to $26.3 billion. NFT creation Other competitors are also exploring similar initiatives. For example, Binance launched 'Binance Bicasso' last year, an AI tool that enables users to create custom digital artworks using text or image prompts. Such developments from Coinbase and its peers highlight the industry's commitment to leveraging AI's potential in the realm of NFTs.

The introduction of Instamint by Coinbase not only reflects a strategic embrace of AI in NFT creation but also signifies a broader industry recognition of AI's capacity to redefine the NFT landscape.

Growing Interest in NFTs

Additionally, major players like Binance As the Instamint feature continues to evolve during its beta phase, it will be intriguing to observe how users adapt to this fresh method of generating NFTs.

Please be aware that the details available on this page are not meant to serve as legal, tax, investment, financial, or any other type of advice. It's crucial to invest only what you can afford to lose and seek independent financial guidance if you're uncertain. For more information, we recommend checking the terms and conditions as well as the help and support sections provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased news, but market circumstances can change without prior notice.

Kumar is a seasoned tech journalist specializing in the vibrant intersections of AI/ML, marketing tech, and emerging sectors such as cryptocurrency, blockchain, and NFTs. With over three years of industry experience, Kumar is known for crafting engaging narratives, conducting insightful interviews, and producing detailed analyses. His skill set focuses on creating impactful content, including articles, reports, and research papers for major industry outlets. With a unique blend of technical acumen and storytelling, Kumar excels at making complex tech concepts accessible and engaging for diverse audiences. digital collectibles. Blum Commemorates One Year of Success with ‘Best GameFi App’ and ‘Best Trading App’ Accolades at Blockchain Forum 2025