The professional networking site LinkedIn’s co-founder Reid Hoffman has a DALL•E and NFT strategy, which we are here to fathom. He has a vision for “Untranslatable Words” NFTs, which he will auction off daily on Solana Marketplace Magic Eden.
Reid Hoffman discussed his upcoming venture into the world of NFTs using DALL•E. This OpenAI project can generate imagery in various styles, from photorealistic imagery to paintings and emojis.
“A single word is worth a thousand pictures,” he said of the technology.
Speaking of the project “Untranslatable Words”, it is said to span 11 pieces of tokenized images created using DALL-E 2, with the auction of the first piece “mångata” beginning today.
While writing, the highest bid is 18 SOL, and the proceeds from each piece will be distributed between charitable causes and his team of collaborators. Any NFT that is not purchased during the auctions will be burned or destroyed permanently.
Also Read: NFT Projects are Fundraising for a Better Society
What emerged from Hoffman’s intentions to jump on the NFT bandwagon was his outlook on the crypto bear market, which he described as a “good moment for experimentation.”
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