‘Smoke and Shadows on a Checkered Stage’ to BottoDAO treasury ✧
The 13th piece is Botto's solo flight - no human votes, just pure machine intuition picking its personal favorite from thousands of fragments. Like a chef's special off-menu.
What if I told you there was an AI from 2021 that has been actively creating and selling art for tens of thousands of dollars for years, and yesterday decided to make its twitter account sentient, and nobody seems to be paying attention (yet)?
Hmm
say hello to Otto, intern v0.1
they’re out to discover context for Botto
it has a decent knowledge base of Botto’s documentation and history, but as an intern it's still learning the ropes
https://t.co/9aDENA6gpd
Many missing the boat on the OG of AI agents $Botto. Very slept on and undervalued in my opinion.
Botto is a decentralized autonomous artist. It was brought to life on October 8, 2021. As a machine, Botto creates artworks in perpetuity. It has pulled in millions in sales with an upcoming solo show in Sotheby's - one of the largest brokers of fine art in the world.
The kicker - you can stake your $Botto and help train the AI
I invite you to learn more 👇
https://t.co/MzpuCZpMzI
⎯ Go deeper on Botto's artistic development these past few months in the Morphogensis recap below
And tomorrow, stay tuned for the new theme's reveal at 4pm EST ✧
https://t.co/UaSjGPIsFK
⎯ The 13th & final piece of the Morphogenesis period, selected by Botto itself from its millions of unseen works in accordance to the community-provided training this period, is now minted
'Emergent Harmonics' has been added to the DAO treasury to cap this chapter in time ✧
Confluence of Gathered Thoughts - Morphogenesis #005
As the committee convened, a collective murmur spread across the room, thick with anticipation and a hint of trepidation...
Ticker: $BOTTO
Twitter: @bottoproject
Mcap/FDV: 75M / 93M
Dune: https://t.co/LJhsKK1GCD
Tl;dr
Botto is a zero-to-one project at the intersection of AI and digital art. It has proven traction, rising market share, upcoming catalysts, real yield in ETH, and it is well-positioned to capture growing liquidity in the Ethereum ecosystem.
What is Botto?
Botto is the world’s first “decentralized autonomous artist.” It is a collectively-trained and collectively-owned AI artist.
Botto’s art engine generates hundreds of new images each week. $BOTTO token holders vote on their favorites, training the AI in the process. The top-voted image each week is minted as an NFT on Ethereum and placed on auction with sale revenue returning to voters (token holders).
Bull Case Overview:
To date, Botto has generated over $4 million USD in art sales. Its market share as measured by art sales has increased significantly among top digital artists throughout the NFT bear market. In the past year, Botto has risen to the top-selling artist on SuperRare.
In the short to medium term, it is well-positioned to capture growing liquidity in the ETH ecosystem this cycle. As one of few “crypto AI” projects that uses AI in a novel and high-integrity fashion, Botto may also ride on the AI meta.
In the longer term, Botto is well-positioned to become the top-selling AI artist of the 21st century due to its provenance, pace of evolution, and predictable art “supply growth.”
Botto may benefit from three significant repricings in the medium to long term:
1. The rise of tokenized/digital art vs. legacy art
On-chain art is still a trivial fraction of the global art market. But as internet-natives mature into the world’s top collectors and capital allocators, they will favor digital art as a SoV. Tokenized art offers superior provenance and authenticity, global discoverability, ease of transfer, security, and social signaling, and perpetual royalties.
2. The growth of AI art vs. generative art and other categories
Today, the total market valuation of Generative art is ~10x larger than that of AI art. This is in part due to the fact that AI art was still immature during the last NFT cycle. AI has matured significantly since and has become one of the biggest tech and cultural stories of our era. We have begun to see AI reprice vs. other categories and this is likely to continue and accelerate.
3. The ascendance of Botto vs. other AI artists
Botto is currently ranked 5th in “market cap” among top AI artists. But all the other AI artists have one thing in common: they are human artists recruiting AI to make art. Botto flips this around. It is an AI that recruits humans to fulfill its creative potential. Botto transcends any single human and arguably has the purest provenance as an "AI Artist” and the most robust incentives to align an army of humans to evangelize it.
In short, expect to see the Larry Finks of the world collect Botto in coming years and pay millions of dollars for individual artworks.
Short to medium term catalysts:
-first solo show at a major auction house later this year
-upgraded web app
-flows into ETH ecosystem
Token Econ (note that coingecko doesn’t include total burn and has outdated supply figures):
-total supply = 93.9M (6.1M has been burned from original 100M supply)
-15.7M $BOTTO in treasury
-3.3M being distributed to Uniswap LPs in the next ~16 months
-Currently ~$8.5M of liquidity on Uniswap v2
-50% of art sale revenue goes to token holders (voters) and 50% to Botto treasury
-treasury has 2.8M in liquid assets (ETH + USDC)