ChatGPT Empowers Digital Artist to Generate a Memecoin Worth $50M
- Digital Artist Rhett “Mankind” created the memecoin TURBO with $69.
- The memecoin’s website and marketing plan was generated by ChatGPT-4.
The emergence of $TURBO is a Web3 success story. Here is how the meme crypto was created by digital artist Mankind with the aid of ChatGPT, despite a lack of coding experience.
According to a Twitter thread, Mankind (aka Rhett Dashwood) created the coin with a $69 budget and the help of the world’s largest language model created by OpenAI.
Starting from the bottom
The artist started with ChatGPT-4 and a budget of $69. His instructions were simple: “to make the next great meme coin.”
“I’ve been in crypto art for quite a few years, and this year has been absolutely dead for trying to sell digital art,” Mankind said in a YouTube video explaining his motivations.
“I’ve been really struggling to get eyeballs on my work,” Mankind added. “That led me to think, while there’s no one buying, the market is dead […] this is the best time to just experiment and have fun.”
The first thing ChatGPT instructed Mankind to do was develop a concept for the potential coin. This involved devising a name, a captivating backstory, and a logo. Mankind then sought further assistance from ChatGPT to generate this name and/or how to explore other options, based on his budget.
To this end, Mankind decided to involve his Twitter followers in the decision-making process. Querying his 14k Twitter followers, Mankind presented them with four alternatives from GPT’s suggested list of ten suggested meme coin names – HypeHound, AstroCorgi, FomoFeline, and TurboToad – and TurboToad emerged as the popular choice.
With the coin’s mascot name settled on as Quantum Leap, Mankind utilized Midjourney with ChatGPT’s help to design the logo. To finalize the mascot image, he asked his Twitter followers to select from a range of options, ultimately selecting a charming, Pixar-esque depiction of a yellow-orange toad in a spacesuit.
TurboToad won the poll. I asked if TurboToad had a name and what to describe in MidJourney or Stable DIffusion AI.
— Rhett Mankind (@rhett) April 24, 2023
“TurboToadToken – GPT-4 described the mascot, affectionately known as Quantum Leap, as a futuristic toad. I merged this with top 4 styles on Midjourney,” he wrote.
Step two was to create a tokenomics structure. “It gave an idea based on 2021 (as that is where it’s trained up to) so I gave it examples of recent tokenomics like pepe, wojak, and tsuka.”
Step three was to create a one-page whitepaper. Step four was to develop the code, “after much back and forth I believe we have a really basic contract,” during which Mankind found errors to do with max transfer limits (anti-whale mechanic), which he again polled his Twitter users for a solution to.
After this, Mankind needed help auditing the solidity smart contract, which he again crowd-sourced among the community of Twitter followers he had amassed.
Mankind then instructed ChatGPT to create a basic website and marketing plan for the token. Now, the Turbo Toad Token Twitter handle has 9,147 followers, as well as a $50 million dollar market cap.
“Birthed from a wild idea: ChatGPT-4 guided the quest to create the next generation memecoin.” It just goes to show, with a little idea, some entrepreneurial spirit, and an engaged and thoughtful community, anything is possible in the wild world of Web3.
Is Memecoin TURBO Bullish or Bearish?
The memecoin, Turbo (TURBO) which was generated by AI and boasts a futuristic toad mascot, made a massive impact overnight, amassing over $7 million in trading volume within 24 hours. This pioneering memecoin is now gaining attention as a trendsetter in the memecoin industry.
One Twitter user @DGMD22 wrote bullishly on May 2, “community is unreal because it was started by @rhett, an OG established digital artist in our space, not some scam dev in the background. This one is easy af to HODL.”
The TURBO ecosystem has adopted a distinctive tokenomics model that prioritizes equitable and prosperous distribution. It stands out for its tax-free nature, a launch funded by the community, fair distribution, and renounced contract.
Presently, TURBO is gaining significant traction and has been lauded for its robust memecoin narrative, which rivals that of PEPE. Although some argue that it may even be superior in terms of mass adoption potential, this claim remains debatable.
Read more: https://thenewscrypto.com/chatgpt-empowers-digital-artist-to-generate-a-memecoin-worth-50m/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
