[rvz]

It also means there will possibly be another renaissance of fully automated, mass generated NFTs and tons of derivatives and remixes flooding the NFT market in an attempt to pump the NFT hype again.

It doesn't matter, OpenAI wins anyway as these companies will pour hundreds of thousands into generated images.

It seems that the NFT grift is about to be rebooted again, such that it isn't going to die that quickly. But still, eventually 90% of these JPEG NFTs will die anyway.

[WalterSear]

NFTs were never limited by artwork availability - they are limited by wash-trading ability.

[rvz]

These high photorealistic images can be generated on a mass-scale, completely automated without a human which ultimately cuts the need for an artist to do that.

They will be replaced by DALL·E 2 for creating these illustrations, book covers, NFT variants, etc opening up the whole arena to anyone to do this themselves. All it takes is to describe what they want in text and less than a minute, the work is delivered as little as $15.

OpenAI still wins either way. If a crypto company goes to using DALL·E 2 to generate photorealistic NFTs, they won't stop them and they will take the money.

[WalterSear]

I'm not sure I understand the point you are trying to make.

Art is already dirt cheap. People aren't buying NFTs for their content. This doesn't make it appreciably easier to con rubes.

[Shorel]

A massive increase in the offer will mean the price of these NFTs will tend towards zero.