“But what can you do with them?”
It’s been the cry of NFT critics since CryptoKitties mewed their first meow, as though every antique store wasn’t stuffed with porcelain cats that do nothing but look pretty on a shelf. But it’s a complaint that the blockchain world has taken seriously. NFT collectors do want more from their collections of JPGs and avatars than half-complete sticker albums that they can sell for a profit.
They want to be able to use their NFTs.
Developers have stepped up. Metaverses have given NFTs entire worlds to roam and interact in. Games companies have developed coins that can be used to purchase in-game assets and items that players can keep and own. Designers are matching digital assets to physical goods that bridge the gap between the virtual and real worlds.
But perhaps a better question might be: what can NFTs do for you?
Altered State Machine, or ASM, is a new venture that adds a layer of artificial intelligence to NFTs. Each token, or “agent,” receives a “frame,” a collection of random attributes that determine their behavior. Just as generative NFTs might randomize background color or eyewear, so ASM’s agents randomize speed and size for gaming NFTs, or risk tolerance and randomness for trading agents.