web3 Archives - AiThority https://aithority.com/category/technology/blockchain/web3/ Artificial Intelligence | News | Insights | AiThority Thu, 01 Aug 2024 15:30:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://aithority.com/wp-content/uploads/2023/09/cropped-0-2951_aithority-logo-hd-png-download-removebg-preview-32x32.png web3 Archives - AiThority https://aithority.com/category/technology/blockchain/web3/ 32 32 BridgeTower and InterVision Collaborate to Integrate AI and Blockchain for Web3 Solutions https://aithority.com/machine-learning/bridgetower-and-intervision-collaborate-to-integrate-ai-and-blockchain-for-web3-solutions/ Thu, 01 Aug 2024 15:30:55 +0000 https://aithority.com/?p=574688 BridgeTower and InterVision Collaborate to Integrate AI and Blockchain for Web3 Solutions

Bridgetower Capital, a leading global provider of AI and Web3 platform services and infrastructure, with InterVision Systems, a premier Managed Service Provider and leader in innovative IT solutions, today announced a strategic partnership to launch robust, secure and scalable global Artificial Intelligence (AI) and Blockchain solutions and services. Also Read: Extreme Networks and Intel Join Forces […]

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BridgeTower and InterVision Collaborate to Integrate AI and Blockchain for Web3 Solutions

Bridgetower Capital, a leading global provider of AI and Web3 platform services and infrastructure, with InterVision Systems, a premier Managed Service Provider and leader in innovative IT solutions, today announced a strategic partnership to launch robust, secure and scalable global Artificial Intelligence (AI) and Blockchain solutions and services.

Also Read: Extreme Networks and Intel Join Forces to Drive AI-Centric Product Innovation

The companies bring to market a transformative proprietary suite of AI and Web3 services, uniting the dynamic fields of Web3 and AI in ways that will accelerate adoption of the technologies in a variety of industries around the world. These services address key challenges such as AI lineage, sovereignty, and authenticity, while facilitating the global distribution of AI models and blockchain applications through secure and efficient networks. The AI/Web3 suite solutions include AI modeling, building and training Large Language Models (LLM), and AI-driven data analytics.

“Bridgetower is a leader in Web3 and AI through our unique approach to layering the capabilities of blockchain to validate data with AI’s power to create large language models making enormous sets of data accessible and useful to organizations,” said Bridgetower Capital Founder and CEO Cory Pugh. “Our partnership with InterVision is yet another example of Bridgetower aligning with those who are pioneering the adoption of AI and Blockchain globally.”

“This partnership with Bridgetower Capital marks a significant milestone in our journey to integrate AI and blockchain technologies,” said Jonathan Lerner, CEO of InterVision Systems. “By combining our strengths, we are well-positioned to deliver groundbreaking solutions to our customers that will drive efficiency, security, and growth for businesses worldwide.”

The Bridgetower/InterVision partnership will also focus on enhancing InterVision’s AI-driven platforms, a suite of GenAI accelerators built for improved customer experiences and developed for rapid customization and deployment. These platforms empower businesses to quickly implement advanced AI solutions, reducing development time and complexity to deliver innovative products and services.

Also Read: AI Inspired Series by AiThority.com: Featuring Bradley Jenkins, Intel’s EMEA lead for AI PC & ISV strategies

In addition to the joint development of AI and blockchain solutions, the companies will work together to expand global reach and impact by leveraging their extensive networks and industry expertise. This partnership will drive growth and innovation, positioning both Bridgetower Capital and InterVision Systems at the forefront of the digital transformation landscape.

Also Read: More than 500 AI Models Run Optimized on Intel Core Ultra Processors

[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]

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CUDO to Power the Latest AI Infrastructure Worldwide https://aithority.com/machine-learning/cudo-to-power-the-latest-ai-infrastructure-worldwide/ Thu, 01 Aug 2024 07:13:05 +0000 https://aithority.com/?p=574664 CUDO to Power the Latest AI Infrastructure Worldwide

Launched earlier this year, CUDOS Intercloud, a product of CUDO, addresses a crucial gap in the Web3 computing space by providing a scalable and distributed GPU-as-a-Service cloud tailored for DePIN (Decentralised Physical Infrastructure) communities and AI computational tasks, including machine learning and inference. The growth of DePIN networks within Web3 allows communities and small businesses […]

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CUDO to Power the Latest AI Infrastructure Worldwide

Launched earlier this year, CUDOS Intercloud, a product of CUDO, addresses a crucial gap in the Web3 computing space by providing a scalable and distributed GPU-as-a-Service cloud tailored for DePIN (Decentralised Physical Infrastructure) communities and AI computational tasks, including machine learning and inference. The growth of DePIN networks within Web3 allows communities and small businesses to capitalise on the AI boom by leveraging protocols for machine learning and AI inference workloads, as well as other intensive computational tasks.

Also Read: AI Inspired Series by AiThority.com: Featuring Bradley Jenkins, Intel’s EMEA lead for AI PC & ISV strategies

Web3 companies need to guarantee service levels and access the right GPUs. They also desire a Web 3.0-aligned experience, such as connecting digital wallets, thus streamlining their access to GPU resources.

CUDOS offers an alternative to other approaches by distributing resources across many different vendors worldwide. This helps address the needs of individuals and businesses alike, tackling issues such as high costs, inability to pay in a Web3-native manner, and extensive KYC requirements, making CUDOS Intercloud an increasingly preferred choice for users.

The CUDO network, comprising both CUDO Compute and CUDOS Intercloud, has delivered over 500,000 consumed hours of AI GPU time. The integration of NVIDIA GPUs, including the NVIDIA H200 Tensor Core GPU and NVIDIA H100 Tensor Core GPU, plays a pivotal role in helping overcome the challenges of building robust and decentralised Web3 and AI systems, utilising advanced techniques in generative AI, machine learning, image processing, and language understanding.

Also Read: Extreme Networks and Intel Join Forces to Drive AI-Centric Product Innovation

CUDO also supports other NVIDIA GPUs, including the A100 Tensor Core, V100 Tensor Core, and A40 GPUs, as well as the range of RTX A6000, A5000 and A4000 GPUs for professional visualisation, providing users with greater choice based on their budget and type of high-performance computing workload. The combination of NVIDIA GPUs with CUDO Network platforms, leveraging a distributed chain of data centres worldwide, offers customers a powerful cloud solution for anything from visualisation to massively parallel computational tasks. This provides greater control over operations, location, and security, helping companies and users to scale more effectively.

With savings of up to 75% compared to other offerings, a specialised focus on GPU computing for AI, and the use of 100% renewable energy-powered data centres for their GPUs, CUDO’s platforms offer an economically and environmentally friendly alternative for the AI era.

Also Read: More than 500 AI Models Run Optimized on Intel Core Ultra Processors

[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]

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Lumerin Launches Morpheus Public Testnet for Decentralized AI Compute https://aithority.com/machine-learning/lumerin-launches-morpheus-public-testnet-for-decentralized-ai-compute/ Fri, 26 Jul 2024 06:32:00 +0000 https://aithority.com/?p=574381 Lumerin Launches Morpheus Public Testnet for Decentralized AI Compute

Public Testnet is a Key Step Using AI to Improve and Grow Web3 Apps Lumerin, a protocol and foundational layer technology using smart contracts to control how P2P data streams are accessed, routed, and transacted, today announced that the Morpheus public testnet for decentralized artificial intelligence (AI) compute will go live on July 26 on the Arbitrum […]

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Lumerin Launches Morpheus Public Testnet for Decentralized AI Compute

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Public Testnet is a Key Step Using AI to Improve and Grow Web3 Apps

Lumerin, a protocol and foundational layer technology using smart contracts to control how P2P data streams are accessed, routed, and transacted, today announced that the Morpheus public testnet for decentralized artificial intelligence (AI) compute will go live on July 26 on the Arbitrum Sepolia network. Lumerin pioneered the development of the Morpheus public testnet and the Morpheus Lumerin testnet node using code that’s been battle tested for years.  The public testnet launch is a key phase in developing applications that use AI to make Web3 applications more accessible, transparent, and efficient for consumers and businesses alike.

Also Read: AiThority Interview with Wendy Gonzalez, CEO of Sama

Why Decentralize AI? 

Centralized AI models are more prone to inherent biases and increase the risk of censorship and monopoly. Decentralized AI on-chain democratizes access to data and intelligence and ensures better transparency and accountability with open testing benchmarks and without the need to rely on flawed, centralized frameworks.

Lumerin Powers The Morpheus AI Network

The new Morpheus public testnet will be used to decentralize and more efficiently allocate AI compute power across the Morpheus AI network and enable users to engage in a decentralized Chat-GPT-like interface. Lumerin is leveraging its advanced codebase to build the core node software for Morpheus, a decentralized AI network that connects users, compute providers, and personal AIs, called Smart Agents, in a seamless Web3 ecosystem.

Key benefits include:

– Decentralized Al Data Routing – Secure, reliable, and efficient allocation of AI resources across the network and within any AI services marketplace.

– Permissionless Access to Personal AIs – Open, transparent, equitable access to public and private AI models.

– Censorship Resistant – Democratic access to AI that protects data and user privacy, including users’ AI prompts that are kept private and safely stored on a decentralized network.

– Multiple LLMs – Users can access a variety of large language models (LLMs) within a single interface.

– Crypto Payments for AIs – More freedom, better usability and rewards for Smart Agent providers using crypto payment rails.

– AI Marketplace – A highly cost-effective, accessible two-sided market for AI services where users and AI service providers transact directly.

Also Read: Cryptocurrency Hacking Has Become A Significant Threat

“Our code contribution to Morpheus represents a vision of a future where individuals have complete control over their data and their privacy, free from the shackles of censorship and corporate interests,” said Lumerin project leader, Ryan Condron. “Together we’re on a mission to use decentralized AI to help grow and make Web3 applications more accessible, transparent and efficient for everyone.”

[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]

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Bagel and Filecoin Foundation Collaborate to Support Decentralized AI Development https://aithority.com/machine-learning/bagel-and-filecoin-foundation-collaborate-to-support-decentralized-ai-development/ Mon, 08 Jul 2024 11:38:04 +0000 https://aithority.com/?p=573656 Humanizey AI Has Released New AI Humanizer to Humanize AI Text More Easily

Bagel’s GPU Restaking will make decentralized AI as efficient and cost-effective as centralized AI infrastructure Bagel, an AI and cryptography research lab, today announced its collaboration with Filecoin Foundation, an organization supporting the governance, development, and growth of the Filecoin ecosystem. This collaboration allows AI developers to train and store their models using the compute […]

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Humanizey AI Has Released New AI Humanizer to Humanize AI Text More Easily

Bagel’s GPU Restaking will make decentralized AI as efficient and cost-effective as centralized AI infrastructure

Bagel, an AI and cryptography research lab, today announced its collaboration with Filecoin Foundation, an organization supporting the governance, development, and growth of the Filecoin ecosystem. This collaboration allows AI developers to train and store their models using the compute and storage power of the Filecoin network through GPU Restaking technology of Bagel. Previously, Filecoin storage providers (SPs) were limited to a binary choice between providing their resources to either storage or compute networks, restricting the capacity of the protocol to service AI developers. Bagel has pioneered GPU Restaking, a decentralized compute network aggregator, which will revolutionize the way Filecoin SPs operate, enabling them to utilize both their storage and computational resources through Bagel’s decentralized machine learning (ML) platform.

Read More: AiThority Interview Series With Scot Marcotte, Chief Technology Officer at Buck

“We’re delighted Bagel Network is taking advantage of Filecoin’s unique qualities to advance the frontier of decentralized AI”

Using Bagel’s ML platform, AI developers can access the Filecoin storage provider network to manage vast AI workloads. Meanwhile, Filecoin storage providers will be able to dynamically allocate GPUs to the most profitable computer networks. Through this collaboration between Bagel and Filecoin Foundation, AI developers can train their models where their data is, reducing the overhead of AI workloads on decentralized networks. Moreover, it addresses the critical challenge of data storage and retrieval, offering AI developers unprecedented flexibility and efficiency. Bagel is now one of the leading DePIN projects in the AI space, marking a pivotal moment for decentralized artificial intelligence.

Read More: AiThority Interview Series With Scot Marcotte, Chief Technology Officer at Buck

Integrating Bagel brings a range of compelling benefits for Filecoin SPs:

  • Increased revenue through the monetization of both storage and compute resources.
  • Efficient compute resource utilization driven by Bagel’s dynamic routing capabilities.
  • Accelerated adoption by providing a comprehensive solution for storing and processing ML workloads.

The last year has seen a marked increase in the interest in the intersection of Web3 and AI. A February 2024 report by TenSquared found that as of the end of 2023, more than 6.9k blockchain+AI related Github repositories and more than 539k Github pull requests had been created. The integration of Bagel and the Filecoin network will provide the infrastructural backbone to service this growing industry.

“The future of AI is decentralized, open source and credibly neutral. As the leading decentralized infrastructure provider, the Filecoin network is ideal for Bagel to make decentralized machine learning possible by optimizing AI workload latency,” said Bidhan Roy, Founder and CEO of Bagel.net.

“We’re delighted Bagel Network is taking advantage of Filecoin’s unique qualities to advance the frontier of decentralized AI,” said Danny O’Brien, Senior Fellow, Filecoin Foundation. “Filecoin’s decentralized storage solutions and Bagel’s cutting-edge compute network aggregator offer a robust and efficient platform for hosting and processing AI workloads. This collaboration demonstrates Filecoin is a key primitive in the rapidly evolving AI and Web3 landscape, driving innovation and providing value to the Filecoin network’s storage providers and users.”

Read Also:Interview With Sven Lubek, Managing Director at WeQ

[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]

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Auditchain Labs AG Announces Roll Out of Pacioli.ai for Compliance With MiCA and VARA White Paper Disclosures https://aithority.com/machine-learning/auditchain-labs-ag-announces-roll-out-of-pacioli-ai-for-compliance-with-mica-and-vara-white-paper-disclosures/ Thu, 04 Jul 2024 05:45:23 +0000 https://aithority.com/?p=573510 Auditchain Labs AG Announces Roll Out of Pacioli.ai for Compliance With MiCA and VARA White Paper Disclosures

Pacioli.ai will allow the crypto asset space to move into disclosure compliance and allow users to earn income to offset costs. Auditchain Labs AG, a pioneer in web3 disclosure automation infrastructure, is proud to announce the roll out of Pacioli.ai, a DiPIN, (decentralized physical infrastructure) crypto-asset white paper creation and AI based external validation protocol. Read […]

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Auditchain Labs AG Announces Roll Out of Pacioli.ai for Compliance With MiCA and VARA White Paper Disclosures

Pacioli.ai will allow the crypto asset space to move into disclosure compliance and allow users to earn income to offset costs.

Pacioli.ai for iXBRL White Papers

Auditchain Labs AG, a pioneer in web3 disclosure automation infrastructure, is proud to announce the roll out of Pacioli.ai, a DiPIN, (decentralized physical infrastructure) crypto-asset white paper creation and AI based external validation protocol.

Read More: How AI can help Businesses Run Service Centres and Contact Centres at Lower Costs?

Pacioli.ai enables regulatory compliance for crypto-assets under the new Markets in Crypto-Assets (MiCA) and Virtual Asset Regulatory Authority (VARA) frameworks without the need for expensive structured data experts and systems while avoiding regulatory crypto-asset removal orders from exchanges.

Pacioli.ai features the Luca Suite, a disclosure automation infrastructure for collaborative machine readable crypto-asset white paper, financial, and sustainability disclosure creation. White papers along with embedded financial disclosures are created in the Luca SuiteTM and rendered in the iXBRL format, a machine readable as well as human readable disclosure now mandated under MiCA regulations.

Luca SuiteTM is the basis for, and is the first implementation of the forthcoming Standard Business Report Model specification (“SBRM”) by Object Management Group, (“OMG”). OMG is a global technical standard setter in 27 countries with over 230 member organizations.

Read More: AiThority Interview Series With Scot Marcotte, Chief Technology Officer at Buck

Key Features of Pacioli.ai:

  • Automated Compliance: Users can generate white papers that meet the detailed compliance standards of MiCA and VARA without needing specialized regulatory knowledge.
  • Machine-Readable Documents: Ensuring all white papers are compliant with the iXBRL formats required for regulatory purposes.
  • Collaboration: Users can invite their counsel, accounting firms and CASPs to each contribute disclosure information.
  • External Validation: The Pacioli AI Validating Nodes are AI logic and reasoning engines that operate on a decentralized physical infrastructure (DiPIN) network that verify that white papers are complete and compliant.
  • Recapture Compliance Costs: Stakeholders can earn income by operating Pacioli AI Validating Nodes and validating compliance.
  • Pacioli Explorer: A web3 destination for analysis of the world’s compliant crypto-asset projects and service providers.

“With the introduction of structured disclosure requirements, the crypto-asset industry faces a significant challenge,” said Jason Meyers, Lead Architect of Auditchain Labs AG. Pacioli.ai not only meets this challenge but transforms it into an opportunity to earn income by running Pacioli Nodes while automating and offsetting the cost of compliance with MiCA and VARA for the entire crypto-asset space.”

Pacioli.ai features a variety of subscription levels as well as a freemium version to enable smaller teams to quickly come into compliance with MiCA.

Read More: How Does AI Contribute To Web3 Intelligence?

[To share your insights with us, please write to psen@itechseries.com]

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Prodia Raises $15 Million to Develop Scalable, Affordable AI Solutions Using Distributed GPUs https://aithority.com/machine-learning/prodia-raises-15-million-to-develop-scalable-affordable-ai-solutions-using-distributed-gpus/ Tue, 02 Jul 2024 13:35:33 +0000 https://aithority.com/?p=573380 Prodia Raises $15 Million to Develop Scalable, Affordable AI Solutions Using Distributed GPUs

Prodia’s Web3 Infrastructure Powers AI Media Inference Solutions with Unmatched Low Latency and Cost Efficiency Prodia, the leading distributed network of GPUs for AI inference solutions, today announced it raised a $15M seed round led by Dragonfly Capital to build more scalable, affordable AI solutions powered by Web3. Investment firms HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, […]

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Prodia Raises $15 Million to Develop Scalable, Affordable AI Solutions Using Distributed GPUs

Prodia’s Web3 Infrastructure Powers AI Media Inference Solutions with Unmatched Low Latency and Cost Efficiency

Prodia, the leading distributed network of GPUs for AI inference solutions, today announced it raised a $15M seed round led by Dragonfly Capital to build more scalable, affordable AI solutions powered by Web3. Investment firms HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, EV3, Artichoke, TRGC, Folius, Tangent Capital, Southern Equity, Balaji Srinivasan, Sandeep Nailwal (founder of Polygon), Matthew RoszakJeremy Voss (Director of Gen AI at Meta), Amit Vasudev (founder of Clearbit), Thomas France founder of Ledger, Leon Marshall (CEO of Galaxy Europe), Nicolas PintoKenzi WangJermaine Brown and others.

Read More: AiThority Interview Series With Scot Marcotte, Chief Technology Officer at Buck

Demand for high-performance computing is outpacing today’s centralized infrastructure’s ability to provide affordable, scalable solutions. Prodia helps solve this critical problem through its pioneering use of distributed, Web3 infrastructure. By leveraging a distributed network of GPUs, Prodia is uniquely positioned to offer both higher performance and lower costs compared to traditional cloud services. This approach not only taps into the unused computing power across the globe, but also democratizes access to state-of-the-art AI technologies.

This architectural choice is not merely optimal — it is essential since it provides the structural foundation that makes Prodia’s high-performance, low-cost AI inference solutions possible. This transformative approach marks a significant departure from conventional methods, positioning Prodia at the forefront of the next wave of AI infrastructure development.

Prodia was founded by Monty Anderson, Mikhail Avady, and Shawn Wilkinson – previously the founder of the world’s largest decentralized cloud storage company, Storj. With a vision of making AI more accessible, they built the most efficient compute engine in the world for AI via their distributed cloud. With a simple API, developers can integrate the latest models into their app within hours.

“Every single software company will have a generative AI component to their app in some form,” said Shawn Wilkinson, CEO of Prodia. “We have made it so easy to add AI into any application that our customers don’t even need to know what a GPU is. This is what sets us apart and why the top AI generation companies choose Prodia over the nightmare of fighting for machines on AWS or self hosting,” added Mikhail Avady, co-founder of Prodia.

Read More:  AiThority Interview Series with Dr. Michael Green, Chief AI Officer at Blackwood Seven

The new financing will fuel the next phase of the company’s growth, including expansion into generative video and support for more LLMs. In addition, the funding will be used to help with expanding the Prodia network to support more types of GPU hardware and more types of providers.

“We believe Prodia sits at the vanguard of the generative AI transformation. Their API has bleeding-edge inference capabilities and we are thrilled to see their progress in making high-performance inference available for all,” said Anirudh Pai, Partner at Dragonfly.

Prodia also recently launched their new low latency API for enterprise customers, reaching best in class inference speeds in the world.

“Using tech like JWTs, gossip protocols, and connection pooling, we’ve built the fastest inference orchestration tool. It acts as a distributed system to deliver high efficiency and availability with minimal latency,” said Monty Anderson, co-founder of Prodia.

[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]

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Futureverse and Animoca Brands Forge Strategic Partnership to Boost Tech Stack and Token Ecosystem https://aithority.com/machine-learning/futureverse-and-animoca-brands-forge-strategic-partnership-to-boost-tech-stack-and-token-ecosystem/ Fri, 28 Jun 2024 14:11:38 +0000 https://aithority.com/?p=573279 Futureverse and Animoca Brands Forge Strategic Partnership to Boost Tech Stack and Token Ecosystem

Futureverse, a leader in AI and metaverse technologies, and Animoca Brands, the company driving digital property rights to help build the open metaverse, have entered into a Memorandum of Understanding (MoU) for a strategic partnership to enhance the reach and capabilities of Futureverse’s advanced metaverse technology stack by leveraging Animoca Brands’ extensive ecosystem of blockchain-based products, […]

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Futureverse and Animoca Brands Forge Strategic Partnership to Boost Tech Stack and Token Ecosystem

Futureverse, a leader in AI and metaverse technologies, and Animoca Brands, the company driving digital property rights to help build the open metaverse, have entered into a Memorandum of Understanding (MoU) for a strategic partnership to enhance the reach and capabilities of Futureverse’s advanced metaverse technology stack by leveraging Animoca Brands’ extensive ecosystem of blockchain-based products, including games and other forms of digital entertainment. The partnership will also accelerate the growth of the Futureverse token ecosystem, which includes The Root Network’s ROOT token, the ASTO token powering Futureverse’s AI protocol, and the SYLO token facilitating SYLO’s communication and social graph protocol. Under the MoU, Futureverse and Animoca Brands intend to undertake an equity swap involving shares of each other (or their respective group companies) valued at US$5 million.

AiThority.com Latest News: Vero AI Releases Report on AI and Data Privacy Legislation Trends to Aid Enterprise Compliance Planning

Futureverse and Animoca Brands will work to grow the Futureverse Platform and its generative AI technology throughout Animoca Brands’ extensive portfolio of investments in over 400 Web3 projects. Futureverse has spearheaded the development of The Root Network as a sophisticated yet user-friendly L1 optimized for seamless interoperability across the open metaverse. Animoca Brands and Futureverse will collaborate to strategically foster the growth of the Futureverse token ecosystem.

At the core of the Futureverse Platform is a suite of AI and metaverse tools that seamlessly blend the ease of accessibility of Web2 with the power and interoperability of Web3. This suite of tools includes Pass, a digital passport that allows users to effortlessly oversee their identity, data, collectibles, value, permissions, and status across diverse experiences; DOT (Dynamic Object Transfer), a revolutionary tool empowering brands, developers, and agencies to craft high-quality, interoperable digital collectibles or game assets; and the Swappables and Wearables Engine designed for developers building apps, games, and digital experiences that want to be able to compose and decompose collectibles from one another. Additionally, Futureverse is trailblazing generative AI assets with DOC (Dynamic Object Creator), which enables text-to-3D creation, and JEN, a high-fidelity text-to-music platform.

Futureverse recently showcased its proprietary technology, innovation and creativity with Reebok Impact, a first-of-its-kind AI fashion experience accessible through Instagram allowing users to seamlessly create custom digital sneakers via direct message. Propelling sneaker enthusiasts into the future of fashion, Futureverse showcased its commitment to making the complexities of Web3 technology invisible while maintaining the benefits of digital ownership and interoperability.

Futureverse recently announced The Readyverse, developed by its Readyverse Studios venture, which has secured an exclusive partnership with Warner Bros. Discovery to bring the Ready Player One franchise to the metaverse (see announcement of 4 January 2024). The Readyverse will harness the power of the Futureverse Platform and The Root Network to pioneer a groundbreaking discovery experience within the open metaverse.

As part of the partnership, The Readyverse will collaborate with Mocaverse, the marquee growth network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems seeded by Animoca Brands, to advance interoperability across experiences within the Moca Network, contributing to the expansion and scalability of the open metaverse.

Proposed transaction details
Futureverse and Animoca Brands intend to undertake an equity swap valued at US$5 million, on the following terms. Animoca Brands shall subscribe for Futureverse shares based on a valuation of US$754 million for the entire issued share capital of Futureverse, and Futureverse shall subscribe for shares in Animoca Brands Corporation Limited at A$4.5 per share (indicatively resulting in the issue of 1,658,375 Animoca Brands shares assuming a A$:US$ exchange rate of $0.67).

The transaction is subject to, among others, entry into definitive agreements and board approval of both Futureverse and Animoca Brands Corporation Limited, and is expected to be completed within the next 2 months.

AiThority.com Latest News: Narrative BI Launches AI Data Analyst: Simplifying Data Analysis with Generative BI and Natural Language Queries

Management commentary
“Animoca Brands is the clear market leader in Web3 game publishing and its expertise and reach in growing this ecosystem is unparalleled. We are excited to deepen our strategic ties with and bring our world leading AI, Web3 gaming technology and A-list IP to help supercharge its portfolio,” said Aaron McDonald, co-founder of Futureverse.

“We are excited to partner with Futureverse, whose innovative AI and metaverse technologies are set to transform the digital landscape,” said Yat Siu, executive chairman and co-founder of Animoca Brands. “This strategic partnership and mutual investment will allow us to leverage Futureverse’s advanced technology stack to significantly enhance our portfolio of over 400 Web3 investments. With Futureverse’s sophisticated L1 blockchain, The Root Network, and its suite of AI-driven tools, we see significant potential to accelerate the growth of our ecosystem.”

[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]

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How Does AI Contribute To Web3 Intelligence? https://aithority.com/technology/blockchain/web3/how-does-ai-contribute-to-web3-intelligence/ Thu, 20 Jun 2024 10:23:08 +0000 https://aithority.com/?p=541918 How Does AI Contribute To Web3 Intelligence?

In this post, we’ll take a trip down the rabbit hole and talk about how AI fits into the Web3 environment. We are on the threshold of a new technological era, and experts predict that AI and machine learning (ML) will soon form the backbone of a vast majority of the world’s software. According to […]

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How Does AI Contribute To Web3 Intelligence?

In this post, we’ll take a trip down the rabbit hole and talk about how AI fits into the Web3 environment.

We are on the threshold of a new technological era, and experts predict that AI and machine learning (ML) will soon form the backbone of a vast majority of the world’s software.

According to PwC, artificial intelligence would boost global GDP by 14%, or $15.7 trillion, by 2030.

Database and identity management advancements, along with AI, are further solidifying intelligence as the foundation of today’s software systems.

A Symbiotic Relationship: AI AND WEB 3

Machine learning (ML) is revolutionizing our approach to fundamental tenets of software infrastructure, from cloud computing to networking. Web3, the most recent incarnation of the World Wide Web, is no different in this regard. Machine learning is set to play a crucial role in promoting AI-based Web3 technologies as Web3 becomes more widely used.

The incorporation of AI into Web3 does, however, pose several technological difficulties. Therefore, to liberate the full potential of AI in Web3, we must first identify the barriers to this convergence and develop creative approaches to removing them.

As we go deeper into the decentralized realm of Web3, the issue arises: how can AI adapt to and survive in this new setting, shedding its centralization tendencies?

Centralization has long been the standard for AI-based solutions.

Read the latest blogs: Navigating The Reality Spectrum: Understanding VR, AR, and MR

 List of AI web3 companies

Layers of Web3 Intelligence and How AI Contributes to Them

Web3 could represent a paradigm shift in business models for digital applications.

When talking about AI, ML is essential. The integration of ML to Web3 will permeate the whole Web3 stack. Insights powered by ML may be obtained from three essential Web3 layers.

Intelligent blockchains

To facilitate the decentralized processing of financial transactions, current blockchain systems are concentrating on creating critical distributed computing components. Consensus methods, mempool structures, and oracles are all part of these fundamental building elements.

Just as existing software infrastructure building blocks like storage and networking are becoming more intelligent, the next generation of layer 1 and layer 2 blockchains (companion and base) will contain ML-driven features.

Intelligent protocols

Using smart contracts and protocols, the Web3 stack may also incorporate ML capabilities. DeFi is the best example of this pattern.

Defi automated market makers (AMMs) or loan protocols with smarter logic based on ML models are on the horizon. Imagine, for instance, a lending protocol that employs a smart score to distribute funds from several wallets.

Read: AI and Machine Learning Are Changing Business Forever

Intelligent dApps

One of the most promising Web 3.0 approaches to incorporating ML-driven functionality quickly is the creation of decentralized apps (dApps).

There has been and will be a growing pattern of this in NFTs. The next generation of NFTs will evolve from simple pictures to interactive objects. These NFTs could be able to modify their actions depending on the owner’s emotional state.

Autonomous Agents

By supplying Autonomous Agents with real-time data and a set of established rules, Web3 platforms can improve the efficacy of smart contracts.

In addition, these agents may carry out transactions, make agreements, and deliver individualized care. Using such agents automates labor-intensive tasks, reduces the need for middlemen, and benefits Web3 as a whole.

Personalization

AI plays a crucial role in the Web3 environment in creating personalized user experiences by analyzing data, analyzing interaction patterns, and analyzing preferences. To improve several aspects of Web3 platforms, AI makes use of collaborative and content-based filtering methods to generate individualized suggestions.

By catering material and interactions to each user’s specific interests, this type of customization boosts user participation in Web3’s decentralized ecosystem while also improving the efficiency of content discovery and curation.

Insights & Analytics

Incorporating artificial intelligence techniques like machine learning and natural language processing, Web3 networks can quickly handle and evaluate massive amounts of data.

This gives consumers the ability to better comprehend decentralized dynamics and navigate the environment through the use of predictive analytics, sentiment analysis, and tailored suggestions.

Safety & Confidentiality

Using cutting-edge AI methods, Web3 ecosystems can enhance cybersecurity and protect user data privacy. Artificial intelligence models can sift through mountains of information in search of security flaws, bad actors, and outliers.

Cybersecurity risks like phishing and distributed denial of service (DDoS) assaults can be thwarted using machine learning algorithms. AI improves users’ faith in Web3 platforms and apps by proactively securing them.

Read special blogs: What Are B2B Robo-Advisors?

FAQs: Web3 And AI

  • What are the trends and future predictions of the Web3 wallet?

Blockchain will be utilized in the future for a wide range of tasks, including supply chain management and personal data security. Decentralized Finance (DeFi): One of the most popular Web3 ideas is DeFi. It enables you to take charge of your money and stop depending on conventional institutions.

  • How does web3 work?

Cryptocurrency is used by a Web3 protocol to encourage individual users worldwide to manage the platform. By engaging in direct transactions with other peers on the network, Web3 users may take advantage of the technology to monetize their goods and services.

  • Are web3 and Metaverse the same thing?

A decentralized version of the internet is envisioned by Web 3.0. Virtual environments that allow for online social interaction through digital avatars are referred to as the “metaverse”. We’re going to see more metaverse settings utilizing web3 technologies as they evolve.

  • How is web3 different from the internet?

Web3, an improved version of the World Wide Web, is the next generation of the internet. Because its foundation is made up of decentralized technologies like peer-to-peer networks and blockchain, it is often referred to as the “semantic Web” or the “decentralized Web.”

  • How can Web3 technology be used to improve data privacy and security?

A key component of Web3 is optimizing data privacy and security. Web3 makes use of blockchain technology to offer people ownership over their data. Users can have transparency over their identities and data records thanks to this peer-to-peer network.

[To share your insights with us, please write to psen@martechseries.com]

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Blockchain for Good Alliance and Bybit Web3 Join SocialPlus Hackathon to Empower Builders https://aithority.com/machine-learning/blockchain-for-good-alliance-and-bybit-web3-join-socialplus-hackathon-to-empower-builders/ Thu, 13 Jun 2024 11:03:39 +0000 https://aithority.com/?p=572455 Blockchain for Good Alliance and Bybit Web3 Join SocialPlus Hackathon to Empower Builders

Blockchain for Good Alliance (BGA) and Bybit Web3 are thrilled to announce their strategic partnership and community partnership, respectively, with the SocialPlus Hackathon. This collaboration aims to foster innovation, knowledge sharing, and collaboration within the DeBox and Web3 ecosystem, leveraging the power of Blockchain and AI technology. Read: Impel adds WhatsApp messaging to AI-Powered Customer Lifecycle Management Platform The SocialPlus […]

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Blockchain for Good Alliance and Bybit Web3 Join SocialPlus Hackathon to Empower Builders

Blockchain for Good Alliance (BGA) and Bybit Web3 are thrilled to announce their strategic partnership and community partnership, respectively, with the SocialPlus Hackathon. This collaboration aims to foster innovation, knowledge sharing, and collaboration within the DeBox and Web3 ecosystem, leveraging the power of Blockchain and AI technology.

Read: Impel adds WhatsApp messaging to AI-Powered Customer Lifecycle Management Platform

The SocialPlus Hackathon, a virtual event running from now until September, will provide a platform for participants to showcase their talent and actively contribute to the development of the Web3 ecosystem.

Participants can work on three tracks, including the DeBox Open Platform — Bot Market Track, DeBox Open Platform — DAPP Market Track, and the Blockchain for Good Track (BGA), and will have the chance to compete for a p**** pool of up to $30,000. In addition, all finalists will receive an exclusive NFT and points rewards provided by BGA.

“As an industry leader, Bybit is committed to empowering the next generation of projects through the Blockchain for Good Alliance. Our collaboration with the SocialPlus Hackathon exemplifies our dedication to pushing boundaries and driving innovation in the Web3 ecosystem. Together with the SocialPlus Hackathon, we anticipate witnessing the creative and transformative projects that will shape the future of Web3 and contribute to a decentralized and inclusive world.” said Emily Bao, Bybit Web3 Evangelist.

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Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.

Read More: L2L Introduces Powerful AI Functionality to Empower Frontline Manufacturing Teams

[To share your insights with us as part of editorial or sponsored content, please write to psen@martechseries.com ]

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Aperture Finance Secures Series A Funding; Aligns Efforts to Build an Intent-based Architecture for DeFi https://aithority.com/technology/blockchain/aperture-finance-to-build-intent-based-defi-architecture/ Wed, 29 May 2024 14:13:52 +0000 https://aithority.com/?p=571639 Aperture Finance to Build Intent-based DeFi Architecture

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Aperture Finance to Build Intent-based DeFi Architecture

Decentralized finance (DeFi) platform, Aperture Finance has raised a Series A funding round, bringing the total across all rounds to $12 million and valuing the project at $250 million. The round was led by top-tier venture capital firms including Skyland Ventures, Blockchain Founders Fund, and Krypital Group, with participation from notable investors like Alchemy, SNZ, Stratified Capital, Tide, Cipholio, ViaBTC, CatcherVC, and Double Peak. Previous rounds included participation from ParaFi Capital, Arrington Capital, Divergence, Blockchain Founders Fund, Laser Digital (Nomura Group), Skyland Ventures, Costanoa, Rarestone, Krypital Group, Big Brain Holdings, LD Capital, ViaBTC, Cipholio, Double Peak, Athena Ventures, Coinseeker, Artemis Capital, and AWS.

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Aperture Finance is innovating the use of Intents, a novel approach designed to streamline complex DeFi operations. Unlike traditional transactional methods, Intents allow users to specify their desired outcomes, simplifying interactions with DeFi protocols and enhancing accessibility. This innovative system leverages Uniswap V3, enabling users to declare end goals, such as liquidity rebalancing at specific price points, with transactions executed only when these conditions are met. The platform is already live on 9 EVM-compatible chains, processing a transaction volume exceeding $2.7 billion with 280,000+ unique users and 15k+ daily active users.

“Intents architecture bridges the gap between sophisticated financial strategies and everyday DeFi users,” said Yonkuro, Head of Crypto at Skyland Ventures. “By enabling users to articulate their financial goals in natural language, Aperture is  making advanced DeFi tools accessible to a broader audience, from retail investors to institutional players.”

The platform’s decentralized network of solvers calculates optimal transaction flows, which are then simulated and ranked by Aperture’s smart contracts. Initially launching with a centralized solver, the network has expanded to third-party solvers including Propeller Heads and Enso Finance with other solvers like Tokka Labs set to join in Q3 2024.

Aperture plans to further leverage its Large Language Model (LLM) interface that will convert user intents expressed in natural language into a domain-specific language (DSL) that can be codified on-chain. This feature aims to ensure clarity and precision in user instructions, further democratizing access to complex financial instruments.

“Aperture Finance is committed to reducing the learning curve in DeFi and providing more strategic options for our users,” said Peter Tan, Head of Product at Aperture Finance. “Our goal is to offer the same level of execution and pricing typically reserved for large institutions, making DeFi more inclusive and effective.”

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The new funding will support the development of Aperture’s Intents infrastructure, expand its solver network, and enhance the user experience with the forthcoming LLM integration. This investment underscores the growing confidence in Aperture Finance’s potential to transform the DeFi landscape.

Following a successful airdrop campaign with participation from over 300,000 users, Aperture Finance will launch its $APTR token on Bybit on May 31, 2024.

[To share your insights with us as part of editorial or sponsored content, please write to sghosh@itechseries.com]

Aperture Finance is a pioneer in AI-powered intents to enhance the DeFi experience. Featuring an IntentsGPT interface and an AI-driven smart solver simulation, Aperture’s native solver network provides any DeFi user with institutional-grade intelligence. Combining the brightest minds in technology and finance, the founding team includes alumni from Amazon Web Services and Google, Stanford, Cornell, and UC Berkeley, and Citadel, JPMorgan Chase, and AIG.

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