#Introducing Waterlily – The AI Generation Digital Art Platform

On April 28, it was reported that Protocol Lab, the development company behind Filecoin, announced the launch of the AI generation digital art platform “Waterlily”. This platform combines Bacalhau distributed computing and FVM smart contracts. Users can choose their own style to create generative AI images, and Waterlily will directly pay royalties to artists. （onlinewiki）

Protocol Labs launched the AI generation digital art platform “Waterlily”

As technology continues to evolve, it is not surprising that it has found its way into the art world. From digital paintings to virtual reality installations, technology has greatly influenced the creation and consumption of art. On April 28, Protocol Lab, the development company behind Filecoin, made an announcement that is sure to pique the interest of artists and art enthusiasts alike. They have launched Waterlily, an AI generation digital art platform that combines Bacalhau distributed computing and FVM smart contracts. In this article, we will delve deeper into what Waterlily is, how it works, and its significance to the art world.
##What Is Waterlily?
Waterlily is a platform developed by Protocol Lab that enables users to create generative AI images. These images are created by the AI algorithm coded into the platform, which uses random numbers as its basis. Artists can choose the style they want the AI to generate, and the platform will create a unique piece based on that style. Once the AI creates an image, it will be uploaded to the Filecoin network, which is a blockchain-based decentralized storage network that ensures the image’s safety. The artist then receives royalties directly from Waterlily based on the number of times the images are viewed or purchased.
##How Does Waterlily Work?
Waterlily uses two key technologies to create its generative AI images: Bacalhau distributed computing and FVM smart contracts. Bacalhau is a decentralized computation protocol that enables the platform to use multiple nodes to generate the image. This results in a faster and more efficient creation process while ensuring that the private keys of each node are secure. FVM smart contracts are used to ensure that all payments made on the platform are automatic and transparent. This means that when a user purchases an image, the payment is immediately transferred to the artist’s account, and the transaction is recorded on the blockchain for transparency.
##Significance To The Art World
Waterlily presents a significant shift in the creation and consumption of art. It provides artists with an opportunity to experiment with technology and create unique and original pieces using an AI algorithm. The platform also solves the issue of copyright and ensures that artists receive their royalties directly from the platform. In addition, the use of blockchain technology ensures the safety and transparency of transactions made on the platform. It allows for the democratization of the art world, making it more accessible to individuals who may not otherwise have the means to invest in art. Overall, Waterlily is a step towards revolutionizing the art world and opening it up to new and exciting possibilities.
##Conclusion
Waterlily is a trailblazing platform that combines technology and art in a way that has never been done before. Through the use of Bacalhau distributed computing and FVM smart contracts, it provides artists with an opportunity to create generative AI images, and the platform ensures that they receive their royalties. This democratizes the art world, making it more accessible to all, while solving issues of copyright and ensuring the safety and transparency of transactions. Waterlily is not only a step towards creating a new paradigm in the art world but also a glimpse into what the future holds.
##FAQs
###1. Who can use Waterlily?
Anyone can use Waterlily, whether an artist or an art enthusiast.
###2. How are payments made on the Waterlily platform?
Payments are made through FVM smart contracts, ensuring automatic and transparent transactions.
###3. What are the benefits of using Waterlily?
Waterlily allows for the democratization of the art world, making it more accessible to all, while ensuring the safety and transparency of transactions. It also provides artists with an opportunity to experiment with technology and create unique and original pieces.