Billionaire tech entrepreneur Reid Hoffman, best known for co-founding business networking platform LinkedIn, is releasing a series of Solana-based NFTs based on images he creates using OpenAI’s DALL-E 2 artificial intelligence software.
Hoffman announced the initiative today on Twitter, noting that he would auction the first piece starting today on Magic Eden, the largest Solana NFT marketplace.
The project, called Untranslatable Words, will span 11 pieces of tokenized images originally created via DALL-E 2, which generates art based on written prompts.
“Anyone can ‘right-click-save’ a DALL-E original and make infinite copies,” he wrote. “Enter: NFTs—a technology for making a digital asset provably scarce and unique. What happens when you combine two of the most significant technological changes? How might they come together?”
Inspired by the potential of DALL•E and NFTs — and the possibilities that they unleash together — my team and I have created a number of small image collections that we’ll be tokenizing as NFTs.
The first collection debuts on Magic Eden today.
Here’s why I’m experimenting:
— Reid Hoffman (@reidhoffman) July 21, 2022
The first piece in the collection, “mångata,” is up for auction and has a current top bid of 12 SOL, or about $517. The Swedish term means “the road-like reflection of the moon on water,” according to the Magic Eden listing. Hoffman wrote that he was inspired by “words that exist in another language where no single-word equivalent in your own language exists.”
He plans to split the funds generated…
