Introducing tokens and their new standards has never been less than a sensation in the blockchain landscape. For the past few years, we have witnessed the outburst of crypto standards and the mechanisms they utilize. The launch of ERC 7007 has also drawn attention to verified AI-generated content tokens (AIGC). But what are they? How did they come to notice? And why do people feel the need for any such token standards? Continue reading this blog, as you will get the answers to all your queries here.
What is ERC 7007?
The ERC 7007 extends the ERC 721 token standard for AIGC. It is known as verified AI-generated content (AIGC), a nonfungible token standard to verify, mint, enumerable and updateable extensions. However, it incorporates zero knowledge machine learning (zkML) and optimistic machine learning (opML) capabilities to enable verification and data correctness.
| ERC 7007 | ERC 721 | |
| Definition | ERC 7007 offers verified token standards that allow users to own their AI-generated content, prompts, and designs to avoid the risk of questioning and to ensure authenticity | ERC 721 is a unique NFT Token Standard that can be used to differentiate the value from another token using a smart contract. |
| Purpose | Owning and authenticating AI-generated content and designs | Creating unique, non-fungible tokens (NFTs) |
| Verification | Ensures authenticity and ownership of AI-generated prompts | Ensures the uniqueness of each token |
| Token Differentiation | Verifies and authenticates specific AI prompts | Differentiates tokens with unique metadata |
| Use Cases | AI-generated art, text, music, designs | Digital collectibles, art, virtual real estate, unique assets |
| Uniqueness | Ensures each AI-generated content prompt is unique | Ensures each token is unique |
What’s the purpose of AIGC?
The AIGC standard generally supports two primary goals: one to set the validity proofs and the other to detect the fraud proofs. This zero-knowledge machine learning enables the model to publish its trained models and claims over the prompt by publishing the inference task.
The Optimistic Machine Learning Scenario on Blockchain lets the owner publish its trained model. It allows users to claim their prompt and publish the inference of the task. Nodes maintaining the model can perform the inferences and submit the inference output, challenging the result within a predefined period.
This advancement in the AI model allows authors to capitalize on their creations. With this token standard, every prompt can be securely verified on Blockchain. It opens up opportunities to implement revenue-sharing mechanisms and to ensure AI-generated content (AIGC) sales.
Learn how zero-knowledge machine learning, AIGC NFT standard works:
Why is ERC 7007 a credible form of NFT Standards?
1: Provenance History:
Using the ERC 7007 standard, AIGC NFT doesn’t just have a digital artwork by your side; the space from where it belongs leads to that result. All those foundations should be preserved to maintain their authenticity. It ensures that whatever prompt you give has a verifiable history, helping people to establish the record they have created.
2: Creativity Promoter:
This standard is not just about protecting the old creations but also safeguarding them in a new modular way. It potentially leads to new ways of experimenting
With AI, creative processing is used to lead new and advanced forms of art that haven’t been imagined yet.
3: Interoperability:
The ERC 7007 allows users to play with the AIGC NFT, which competes with the diverse blockchain ecosystem. It enables artists and developers to create, trade, and innovate on multiple platforms.
4: Future Proofing:
As technology evolves continuously, it opens diversified ways to create and interact with digital content. ERC 7007 allows people to avail themselves of flexibility and robust standards that can grow with the technology.
5: Empowering Creators:
ERC 7007 shares power with the creators and brings authenticity and originality to the AI-generated content, protecting the artistic rights of the users in the digital landscape, which is quite hard to navigate.
How does ERC 7007 work?
Step 1: You need to Propose a Prompt
The user must first propose a prompt to get an AI-generated content result.
Step 2: Claim Your Prompt
Using the AIGC NFT smart contract, the user can seamlessly claim its prompt to allocate the specific input for AI-generated content.
Step 3: Generate the AIGC File
The machine learning model employs the prompt to develop AI-generated content and produce AI-generated content files.
Step 4: Secure Proofs
Zero-knowledge Machine Learning generates proof confirming the AIGC’s file, which is created using the given prompt.
Step 5: Verify & Mint the NFT
The user submits a prompt, the AIGC file, proof, and the AIGC NFT smart contract by verifying the evidence, and the contract mints an NFT for the user.
All in All,
The ERC 7007 standard allows the robust framework to verify the authenticity of AI-generated content. By tokenizing, NFTs work under ERC 7007 to protect the creator’s rights and ownership worth. It is a powerful solution that verifies and tokenizes AI-generated content, ensuring authenticity and building trust in digital interactions across various domains. Many industries utilize ERC 7007’s significance in digital art, research, fashion, and digital identity.
I am the CEO and founder of Blocktech Brew, a team of blockchain and Web 3.0 experts who are helping businesses adopt, implement and integrate blockchain solutions to achieve business excellence. Having successfully delivered 1000+ projects to clients across 150+ countries, our team is dedicated to designing and developing smart solutions to scale your business growth. We are focused on harnessing the power of Web 3.0 technologies to offer world-class blockchain, NFT, Metaverse, Defi, and Crypto development services to businesses to help them achieve their goals.
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