What is CryptoLexicon, the dictionary (wikipedia) built with AI and NFT for Web3
CryptoLexicon is a dictionary built with NFT and artificial intelligence (AI) for Web3. It could be said that it is the Wikipedia of Web3. It is a truly innovative project, which in the words of its developers transforms the language of the crowd into NFTs animated by AI.
In CryptoLexicon, each NFT is linked to a word or concept and it is the NFTs themselves, whose ownership is in the hands of the community, that finance the project. In this way, CryptoLexicon has become the first “crowd-finance book NFT”.
What is CryptoLexicon, NFT
The dictionary is hosted on Mirror, a web3 communication medium for creating NFTs and DAOs. Owners of NFTs can access The CryptoLexicon Guide, a tokenized society to share ideas and make decisions about the future of the CryptoLexicon.
The developers of the project define it as a cyber-literary society of the year 3146. The society meets every fortnight to discuss the future of the “cryptographic machine and its role in the chronicle of our new digital dimension.” The developers say that the most important thing for them is to increase literacy and access to the Web3.
The first season with great creations
The first season (Season 1) of the CryptoLexicon was open to the presentation of proposals from January 13 to 27, 2022. Participating was very simple, you simply had to go to the official CryptoLexicon website, interact with the dApp, and embed the concept and its definition, together with a description of it, so that the AI could generate a personalized artistic interpretation of the said concept. In the end, after generating the Lexicon, you paid the commission and in your possession was a $CPLX token. This is the platform’s native token, fractional ownership of the NFT, and access to earnings from the CryptoLexicon NFT Collection. The token will unlock in Season 2, which has yet to be announced.
The result is on display at OpenSea and is one of the most eye-catching NFT collections, especially for the AI-generated art, full of colors and psychedelic renderings.
How to generate a Lexicon
Generating a Lexicon is quite simple. Its «Mint» page only asks us for some information to start with our creation:
The data is your Twitter account, the term you are going to register, the instructions to generate the representation of the NFT by the AI , and a definition that cannot exceed 280 characters. The idea is that you record something very concise so that it becomes a unique piece within the CryptoLexicon collection.
For the creation you will receive:
- Recognition on the CrytpoLexicon (Ethereum) chain forever.
- A $CPLX token (this will be unlocked in Season 2)
- Entry into a fractional ownership fund with all other creators, who will have access to 20% of CryptoLexicon NFT Card Collection earnings and 40% of MasterLexicon NFT earnings.
- A unique business card (NFT) containing an artistic interpretation of the term generated by the AI.
To achieve all this, you just have to go to the web and have a MetaMask wallet with a balance to pay the corresponding commissions.
Some of the words or concepts collected in CrytpoLexicon are BAYC and Bitcoin. Of the first term, it is said that «it is the abbreviation of Bored Ape Yacht Club. It’s what happens when a bunch of apes get rich and then get bored. In fact, these apes got so bored that they decided to build a clubhouse in the middle of a swamp. This club is now one of the most exclusive in the web 3.0 space.” The author is the user @mattborchert. The definition of Bitcoin says it is “The cryptocurrency. Without him, there is no lexicon, Without Satoshi, there is no currency.
AI, the algorithmic muse
One of the newest things about CryptoLexicon is its art-generating AI. Known as VQGAN + CLIP, it is a GAN-type AI, designed in the Python programming language, whose code is fully available to the community in this GitHub repository. The algorithm can be tested, but you have to take into account the high hardware and resource requirements that GANs can ask for: up to 24 GB of video memory, something that very few budgets can afford. On the site, you can see some “work” carried out by the AI, which is quite striking due to its level of abstraction.
Aware of the enormous resources that AI needs, the developers of CryptoLexicon have reported that:
“This runs on a server in our Hollywood office, which is packed with GeForce graphics cards and a queuing system. We have introduced several style cues for the AI so that we have some general visual consistency across all submissions. What the user sends is the address of the content. That is, “A Lamborghini on the moon.” The result is an animation of a dreaming machine, a machine that is our computer doing its best to imagine what you have said to it.
Faced with this new way of creating NFTs, the CryptoLexicon team is already preparing for Season 2. Everything seems to indicate that developers are improving their AI and infrastructure, to provide a better experience and integration with the DeFi and NFT ecosystem that exists in the world. present.