Will ChatGPT be permanent or ‘fashion’ like NFT?

Years pass, and the evolution in the way of creating new technologies and adapting previous ones continues to influence the direction of society. The launch of ChatGPT and the expansion of the NFT market are proof of this..

The two technologies, which made the news headlines and became the trend topics of social networks, attracted attention with the innovations they presented to the public online and offline.

But can we say that their future is long-term? Or ChatGPT and NFTs Will the promise of technologies be forgotten in decades? Find out below!

The success of ChatGPT

The launch of the test version of ChatGPT in December 2022 was a powerful seed that powerfully restarted the debate about the existence of artificial intelligence in our lives.

The platform was created by OpenAI company and works with questions and answers, produce personalized, consistent and original content for the user.

ChatGPT can talk about any topic. Your answers consist of your previous education and continuous learning from human interaction.

Artificial intelligence expert Virginie Mathivet makes a simple comparison to understand the volume of data the bot can use. “Everything on Wikipedia in every language on the planet today represents less than 1% of all data used by this technology”.

This car is real To be opened and tested for the first time by anyone with an internet connection Helped increase the buzz around ChatGPT.

Also, when you consider the endless possibilities for implementing GPT, the sky is the limit. The platform can tell jokes, classify documents, translate texts, analyze data, generate insights for different types of enterprises, etc.

But since the platform itself is a machine, He does not reason like a human. Your database may return incorrect data and reproduce insufficient patterns for certain situations.

Can ChatGPT go the way of NFTs?

Yes, ChatGPT can use the same path as NFTs. But in what sense can we say that? Considering the global historical trend of how people create new technologies, tirelessly test them and incorporate them into their daily lives – which often goes beyond their initial purpose.

To better understand this scenario, let’s remember what NFT is. This term is an abbreviation for “non-fungible token”, non-fungible token in Portuguese.

In other words, NFTs are digital assets registered on a blockchain. This proves its authenticity. A contract on the Internet proving ownership of the digital item in question.

The magic of NFTs started in 2017. Interest in investing in this digital asset has grown among enthusiasts in the space, reaching the general public, widening the bubble.

International celebrities are starting to get involved in the crypto world. Jimmy Fallon, Eminem, Snoop Dogg, Post Malone, and Neymar are some of the names of the artists and athletes who promoted this NFT boom.

Even the boy named Ney disclosed on Twitter that he had purchased two works from the Bored Ape Yacht Club (BAYC) collection in 2022. The amount paid is estimated at R$6.2 million.

The immutable token market saw a rapid price increase as a result of this. exaggerated speculative interest and excessive demand. As a result, the “NFT bubble” burst.

NFT trading in 2022 has dropped 97% since the start of the year. According to CoinGecko, the minimum prices for the Bored Ape Yacht Club, Crypto Punks, and Moonbirds collections fell by as much as 61.8% from August to October of the same year.

Digital currencies lost their market value, which ranged from the negative $2 trillion. This general decline of crypto assets followed the stock market crash and financial sector crises in several countries.

Investors’ confidence was shaken and their purchasing power was affected and they started to act more cautiously. Game and metaverse projects that use tokens are the projects that feel this pullback the most..

For Renato Opice Blum, president of the Brazilian Data Protection Association (ABPDados), the era of capital-inducing curiosity and meaningful returns has passed. We have entered the era of digital asset market stability.

While drawing a parallel between NFT and ChatGPT, We can expect something similar in the orbit of the AI-based language assistant.

We can start with ethical discussions revolving around both technologies.

As we question the relevance and true value to the market of a supposedly private digital asset, doubts are also beginning to arise about the accuracy of the information provided by ChatGPT.

In both cases there is still the problem of plagiarism. NFT may be copied and improperly owned by other users who do not pay for its registration.

As for the OpenAI language model, the tool can undermine students’ learning and circumvent mechanisms that have yet to determine whether a text is made by AI.

The little experience we have with these two technologies makes it difficult to envision a more concrete future. The only certainty that remains is that these are not just a passing fad of the moment.

Both NFT and ChatGPT expanded the human vision of how to solve everyday problemsBy using ChatGPT to reduce the operational workload of professionals who can dedicate themselves to more strategic functions in real estate marketing or business in NFT.

It seems that the two factors that will most contribute to the next chapters of NFT and ChatGPT will be the time and willingness to educate ourselves about the benefits and dangers these technologies can present to the modern world.