By
Chimamanda U. Martha
April 17th, 2024
The project will also be centered around the Inheritance AI token, designed to occupy an integral position in the project’s ecosystem.
The Non-Fungible Token (NFT) ecosystem has garnered so much traction thus far this year, however, Inheritance Animation Studio is looking to revolutionize the entire space. Despite the massive growth in terms of total sales and the adoption of NFTs in the past year, this innovative offshoot of cryptocurrencies is judged to lack grace and sophistication. This is because most NFT creators follow stereotypes in that they copy other trends without introducing any unique content of their own.
The Inheritance team is set to change the narrative with the launch of unique, sophisticated, and Artificial Intelligence (AI) generated artworks. The pieces that are billed to be floated and launched by Inheritance are designed by a team led by Vincent Peters, a graduate of West Point where he studied systems engineering and holds graduate certifications from MIT Sloan and Oxford.
While many global brands such as Nike Inc (NYSE: NKE), and Anheuser Busch Inbev SA (NYSE: BUD) amongst others are already showing interest in NFTs, the reality is that they cannot continue to put their funds into an artwork that just anyone can create. The current leeway that is inherent in the digital currency ecosystem is not sustainable, and with the level of advance that Inheritance is hoping to introduce into the space, most of the current wrongs are billed to be corrected.
Inheritance Art Focus
The Inheritance Art team is set to use cutting-edge technologies and its diverse team of experienced artists to create its own art genre.
Primarily, Inheritance will focus on artworks that are kept in museums in which the owners will not consider selling. The team hopes to recreate the digital version of masterpieces like the Mona Lisa, The Thinker, and The Starry Night amongst others. Beyond this, the team’s focus revolves around creating fine arts and the next generation of exotic artworks, and the design of intelligent NFTs.
The focus of the intelligent NFTs borders around integrating them with robust databases, and harnessing their capability of natural language processing. This allows for people to communicate with them, making them some of the most interactive digital assets available right now.
Besides Vincent Peters, the Inheritance Team comprises Brian Lai, Chelsea Grayson, and Mike Parra, all of whom are successful in the creative industry. The experiences these veterans will bring to the table are billed to further actualize Inheritance’s ambition to cement additional partnerships beyond those currently inked with Sony Pictures, Discovery Channels, and Sotheby’s amongst other partners.
The Inheritance AI Token
The project will also be centered around the Inheritance AI token, designed to occupy an integral position in the project’s ecosystem. The token will have a maximum supply of 50 million, 12.5% of which will be available at the NFT launch phase.
Per the protocol’s robust tokenomics, as many as 15% have been earmarked for exchange liquidity with 20% reserved for the project’s core contributors. Additionally, 6% is aimed at rewarding Advisors, 10% for further project development, 10% for marketing, and 26.5% are available as a reserve.
With the entire design of the Inheritance Art project and the additional functionality that will be introduced by the token, the project is on track to occupy a vital position in the future of NFTs.