With the rapid development of blockchain technology, we have witnessed the rise of decentralized finance (DeFi), decentralized applications (DApps), NFTs (non-fungible tokens), and other technologies as the Web3 era gradually becomes mainstream. Decentralized technology not only allows users to control their own data and assets but also makes the digital economy more free, secure, and transparent. However, although the existing NFT market has grown rapidly, it still faces numerous problems and challenges that limit its long-term development potential and value.
The Smart AI platform, initiated by the Australian AI Technology Research Institute, aims to innovatively address the pain points of the existing NFT market through the combination of artificial intelligence and decentralized technology, bringing new vitality to digital assets and the NFT ecosystem. The platform not only provides a more intelligent and dynamic NFT trading and interaction platform but also creates a more transparent and sustainable digital asset ecosystem through precise economic models and decentralized governance mechanisms.
This white paper will provide a detailed introduction to the Smart AI platform's technological framework, market opportunities, core functions, economic model, governance mechanism, and future development strategy, striving to provide global users with a more powerful NFT interactive experience and value-added potential.
Despite the gradually expanding scale of the NFT market, the existing NFT ecosystem still has significant problems in multiple aspects. The following are the main pain points in the industry:
2.1 Lack of Interactivity and Dynamism
Currently, most NFTs remain static artworks or collectibles, lacking interactivity and dynamic capabilities. The value and appeal of NFTs primarily depend on the scarcity of artwork and market demand, and these assets typically cannot evolve with user interactions, market changes, or the passage of time. NFT functionality is limited to collection and display, failing to meet user demands for personalization, interactivity, and long-term value appreciation.
2.2 Non-transparent Pricing Mechanisms
The current pricing mechanisms in the NFT market are relatively chaotic, lacking unified standards and transparent pricing methods. Price fluctuations are dramatic, with most NFT transactions in the market having prices determined solely by buyers and sellers, while the true value of NFTs and market supply-demand relationships cannot be accurately quantified. The lack of a transparent valuation system easily leads to market speculation, malicious manipulation, and significant investor risk.
2.3 Low Liquidity and Trading Barrier
Although the NFT market continues to expand, liquidity remains a key issue. Most NFT platforms have singular and inflexible trading models, with buying and selling processes often constrained by factors such as supply-demand imbalances and high transaction costs. Meanwhile, many NFT platforms are limited to a single blockchain ecosystem and cannot support cross-chain asset circulation, creating trading barriers that seriously affect the free flow of assets.
2.4 Copyright Protection and Asset Provenance Issues