Monsta is a crypto-trading game featuring fun meme characters and easy-to-earn mechanics. It’s perfect for newbies wanting to explore crypto trading risk-free, as well as experienced traders looking to sharpen their skills and build their social capital by sharing the strategies they believe in.

Monsta offers a fresh take on clicker games by blending lively gameplay with crypto trading. With each tap, you earn in-game points that allow you to build your investment portfolio by buying special Trading Cards.

These cards reflect the dynamics of real cryptocurrencies like BTC, ETH, TON, SOL, and more. You can buy the cards, sell them if they don’t perform as expected, or hold them if you want to give them a chance. Essentially, it’s a simplified analog of the spot market, but safe and gamified. It helps you gain trading experience without risking real money.

Monsta’s economy is rich, original, and close to reality. The characters in the game are crypto-monsters with names related to trading, such as Hodl, Moon, Long, Short, and Fomo. As you play, you’ll dive into crypto culture, become familiar with it, and learn how to reach the Moon! The game currently features 10 characters, but the team promises to add more.

The Monsta gameplay is enhanced with boosters (speed-ups) and gems (advanced boosters). The game includes daily and weekly quests, and soon there will also be group online tournaments where you can compete with friends and earn even more.

The project is set to become a huge ecosystem with exciting updates on gameplay, numerous rewarding opportunities for the community, and more surprises. Keep an eye on the project, as the beta version of the game is already live. Be among the first players to catch all the updates and avoid feeling FOMO later on.

Play like a Monsta. Earn like a Pro.

Phala Network, a pioneering blockchain platform focused on Trusted Execution Environments (TEEs), has announced a significant milestone in its roadmap to decentralized AI. The company, which has been at the forefront of verifiable computing since its founding in 2019, has just released the first-ever benchmark for TEE-enabled GPUs, marking a new era in secure, high-performance decentralized AI.

Phala Network’s vision for decentralized AI

Phala Network has consistently pushed the boundaries of what blockchain can achieve, particularly in secure computation.

Since launching its mainnet in 2021, Phala has grown to support over 40,000 TEE CPU nodes, providing robust infrastructure for decentralized applications. These nodes enable Web3 developers to offload complex computations from smart contracts to Phala’s off-chain network, ensuring data privacy and security while generating verifiable proofs and oracles.

Phala’s technology has been instrumental in powering various Web3 use cases, including social apps, games, and AI-driven agents.

With the release of their latest GPU-TEE benchmark, Phala is taking a decisive step toward realizing its vision of decentralized AI. The new benchmark focuses on the performance of Nvidia’s H100 and H200 GPUs when integrated into Phala’s TEE technology. This integration is crucial for scaling decentralized AI, offering the high-performance compute power necessary for training and running large language models (LLMs) like LLaMA 3 and Microsoft Phi while maintaining stringent security and privacy standards.

The role of TEE in decentralized AI

The integration of Trusted Execution Environments (TEEs) within decentralized AI systems is crucial for ensuring the protection of sensitive AI workloads, particularly as AI becomes increasingly critical in various industries. By extending trusted computing principles beyond CPUs to AI accelerators like GPUs, TEEs can provide a new layer of defense, safeguarding model weights and inference data through cryptographic measures. This evolution in infrastructure security enables the secure deployment of decentralized AI systems, ensuring that data remains protected even in the event of a compromise.

In 2024, Nvidia introduced its H100 Tensor Core GPUs, equipped with advanced Confidential Computing (CC) solutions that integrate TEE functionality directly into the GPU architecture. These solutions include features like encrypted memory, secure boot, and hardware firewalls, all designed to protect sensitive data during processing.

Phala’s adoption of Nvidia’s TEE-enabled GPUs represents a significant advancement in decentralized AI, providing a foundation for secure, transparent AI systems that are not controlled by any single entity. This move is aligned with the broader goals of decentralized AI, which aims to democratize access to AI technologies, making them more accessible and equitable.

Benchmarking GPU-TEE performance

Phala Network’s latest benchmark for TEE-enabled Nvidia H100 GPUs provides critical insights into secure AI performance. Key findings include:

• Minimal overhead: The introduction of TEE incurs a performance overhead of less than 7% on typical LLM queries, with almost zero impact on larger models like LLaMA-3.1-70B. For smaller models, the overhead is primarily linked to CPU-GPU data transfers via PCIe rather than GPU computation itself.
• Scalability: Phala’s report shows that the overhead becomes negligible for larger AI models, highlighting that the GPU’s compute-heavy tasks are not hindered by TEE mode.

These results validate the viability of TEE-enabled GPUs for developers looking to implement secure, decentralized AI applications without compromising performance.

The future of Decentralized AI

As the demand for decentralized AI grows, the need for robust and secure infrastructure becomes paramount. The future of decentralized AI hinges on advancements in technologies like confidential computing, which offers the promise of enhanced security by encrypting data at the hardware level. Moreover, the integration of network and tenant isolation guarantees, along with innovations in operational and physical security, will be critical in building resilient AI systems. These measures not only protect against external threats but also ensure that decentralized AI can scale securely, providing equitable access to advanced AI capabilities.

Phala Network’s work in decentralized AI is a critical step toward addressing these challenges. By integrating TEE technology into GPUs and providing the first comprehensive benchmark, Phala is not only advancing the technical capabilities of decentralized AI but also setting new standards for security and transparency in AI systems.

The release of this benchmark is just the beginning. As Phala continues to innovate, the decentralized AI ecosystem is poised to grow, offering new opportunities for developers, businesses, and communities to harness the power of AI in a way that is secure, transparent, and equitable for all.

Scannit, a pioneer in digital financial identities, has announced the open beta launch of its innovative financial management app as part of the upcoming Token 2049 event in Singapore from Sept. 18, 2024. The Scannit app helps users track spending while rewarding them with SCAN tokens for their data contributions, fostering a new data economy.

The app launch comes on the heels of Scannit’s acceptance into the IoTeX Accelerator Cohort and its certification as a Google Web3 Startup. These affiliations provide Scannit with strategic guidance, technical support, access to cutting-edge resources, and a global network —enhancing its credibility and capacity to innovate in the rapidly evolving Web3 landscape. With a 7-figure funding round recently closed, Scannit is well-positioned for rapid growth and global expansion.

The Scannit app enables users to have full transparency and control over their financial data, allowing them to decide who has access to their data at any given time. The app reduces manual financial tracking efforts through automation. Users are rewarded with SCAN tokens for sharing their data, creating an active and incentivized participation in the value chain.

The open beta launch in Singapore is the first step in Scannit’s plan to onboard at least 10,000 users during the beta phase and achieve a target of 100,000 users by the end of the first quarter post-launch.

“Our innovative app is redefining the relationship between consumers and their data. With Scannit, users don’t just manage their finances—they own their data and earn from it,” said Karl Nowak, CEO and Founder of Scannit, adding: “We want to give back that power to the users. So, it should be your choice to give away that data if you want to. And if you do, you should get proper compensation for it.”

Looking ahead, Scannit plans to introduce AI-driven financial advice tools to further assist users with their spending habits, enhancing user experience and engagement. The company is also working on onboarding additional partners to expand its ecosystem, targeting diverse user personas while upholding its core promise of full data ownership for users.

Users interested in experiencing the future of financial management can join Scannit’s waiting list for the open beta launch slated for Token 2049.

About Scannit

Scannit is a pioneering technology company headquartered in Atlanta, Georgia, revolutionizing digital financial identities. Its “Scan to Earn” model rewards users for scanning receipts and verifying transactions, turning everyday spending into valuable rewards. Scannit enables businesses to ethically and authentically access valuable data insights while respecting user privacy and consent, driving a fair and transparent data economy.

For more information, visit www.scannit.io.

In the rapidly evolving world of tech and finance, the demand for innovation and adaptability is higher than ever, driven by a quest for transparency for internet users. LunarCrush has been at the forefront of Social Intelligence, converting human-driven insights into actionable information for both retail and institutional stakeholders. Originally focusing on the crypto industry, LunarCrush’s Social Intelligence now extends across diverse sectors such as technology, politics, travel, music, and more. Recognizing the convergence of crypto, the Internet, and Artificial Intelligence (AI), LunarCrush is making a significant leap forward in their transparency efforts through social intelligence. By launching the Social Intelligence Paranet on the OriginTrail Decentralized Knowledge Graph (DKG), LunarCrush aims to enhance content collection through incentivized crowdsourcing and enable the creation of AI-powered services on this trusted knowledge base.

The Decentralized Knowledge Graph and the Social Intelligence Paranet

The Social Intelligence Paranet will operate on the OriginTrail DKG, a permissionless peer-to-peer network that ensures all social content published to the Paranet is discoverable, verifiable, and attributed to its owners. This setup allows AI services leveraging this knowledge base to avoid challenges like hallucinations, managed bias, and intellectual property violations. For an in-depth understanding of the technical design of paranets, DKG, and decentralized Retrieval-Augmented Generation (dRAG), we recommend reviewing the OriginTrail Whitepaper.

The Social Intelligence Paranet Initiative

Aligned with LunarCrush’s growth trajectory, the Social Intelligence Paranet will initially target the crypto sector, attracting high-quality content creators and community members from various crypto projects. LunarCrush will also mine knowledge tied to their social insights, such as Alt Rank, Top Creators, and Sentiment analysis. Beyond knowledge mining, the Social Intelligence Paranet will feature the first AI-powered tool to interact with top knowledge assets on the Paranet, supported by LunarCrush. This AI-powered tool will be accessible to users paying with BUZ tokens. All BUZ tokens spent by users will be recycled as additional rewards for knowledge mining.

In the upcoming weeks, a comprehensive proposal for the Social Intelligence Paranet will be submitted to the NeuroWeb community for approval. The proposal will include:

• Knowledge Assets created from LunarCrush APIs
• An incentives model for knowledge miners targeting the first category of knowledge
• A demo of the LunarCrush AI tool

Advancing the Wisdom of the Crowds

The traditional wisdom of the crowds concept eliminates idiosyncratic noise associated with individual judgment by averaging a large number of responses. Social Intelligence takes this concept further by unlocking actionable information through high-quality, curated knowledge enhanced with specific domain expertise. The rise of AI introduces the potential for another leap forward in extracting wisdom from a vast body of knowledge. Incentivized crowdsourcing to collect superior social content provides an ideal foundation for AI services to uncover wisdom that is not immediately apparent. While a conversational tool is the initial step, subsequent developments will include AI agents performing comprehensive tasks such as market analysis and prediction market suggestions. As the Social Intelligence Paranet expands beyond the crypto field, it promises to support enhanced decision-making powered by the wisdom of the crowds across various topics.

BC.GAME, one of the largest iGaming platforms by game variety, has introduced Coco Rush, a fresh mini-app game now available on Telegram.

This free-to-play casual game offers users the opportunity to earn cryptocurrency by competing in leaderboard battles and completing various tasks within the game. BC.GAME becomes the first major iGaming platform to introduce a Telegram mini-app, entering a market where Telegram’s vast 900 million user base has popularized tap-to-earn games.

Gameplay and Player Rewards

Coco Rush features an intuitive design, requiring players to tap on digital Cocos to accumulate Coco Coins. Players can also collect Coco Coins by completing daily check-ins, onboarding activities, social media tasks, and through daily free spins. Additionally, players can earn referral points, which can be exchanged to boost their in-game progress.

The game also provides opportunities to participate in free spins, where players can win rewards such as USDT and extra Coco Coins. Perhaps most exciting is the forthcoming $BC token airdrop, giving players the chance to convert their in-game coins into real cryptocurrency. During the airdrop event, players can turn their virtual earnings into tradable tokens, adding real-world value to their gameplay.

Commenting on the launch, Jack Dorset, CEO of BC.GAME, said, “Telegram’s mini-app ecosystem is quickly becoming a go-to space for the Crypto community. At BC.GAME, we prioritize creating user-friendly, interconnected platforms that foster community engagement, encourage participation, and, above all, offer an enjoyable experience. With Coco Rush, our first mini-app for Telegram, we’re excited to see how players respond.”

The Growing Popularity of Tap-to-Earn Games on Telegram

The launch of Coco Rush aligns with the increasing popularity of tap-to-earn games on Telegram, including titles like Hamster Kombat, Notcoin, and Yescoin. These games allow players to potentially earn cryptocurrency via the TON blockchain. Similarly, Coco Rush offers its players the possibility of receiving airdrops of Coco Coins. For instance, Notcoin previously distributed over 80 billion TON-based tokens to its players earlier this year.

Telegram CEO Pavel Durov recently shared plans to expand the platform’s blockchain presence, including the development of a mini-app store and an integrated web3 browser.

Durov highlighted this future direction in a post on his channel, stating, “2024 will mark the year when blockchain becomes part of everyday life for millions of people worldwide. We are proud that Telegram is at the heart of this major shift.”

Coco Rush launched on August 19, 2024.

About BC.GAME

BC.GAME is a leading crypto iGaming platform, known for its community-driven approach and cutting-edge technology. Established in 2017, BC.GAME offers more than 8,000 games, including sports betting, slots, and live table games. The platform is also recognized for its partnerships with top-tier brands such as Leicester City FC, the Argentina National Football Team, and Cloud9.

Learn more at BC.GAME.

Platonic, a blockchain infrastructure technology company, proudly announces the launch of its cutting-edge decentralized tokenization platform. Developed to empower financial institutions, Platonic’s platform enables the tokenization of a wide range of assets with unprecedented levels of data privacy and security. The company is positioned to be a driving force in the technological evolution of the financial services industry.

Platonic is reinventing tokenization in capital markets. Its patented Layer 1 blockchain prioritizes security and client data protection. Having facilitated hundreds of billions in transactions already through active pilot programs, Platonic’s technology enables limitless, secure tokenization for financial institutions.

“Our vision is to disrupt tokenization with a fresh take on how issuers and investors interact using advanced technology to build a decentralized network,” said Violet Abtahi, founder and CEO of Platonic. “Regardless of the role in the asset lifecycle, our technology will connect customers and partners, automate workflows, and reach new markets, while maintaining complete confidentiality and control of proprietary information.”

Platonic’s platform stands out in its ability to leverage a permissioned private network, ensuring that data privacy and ownership rights are strictly controlled by issuers. This addresses major security concerns in the tokenization process, making it a trusted solution for financial institutions. The technology seamlessly integrates into both legacy and digital financial infrastructures, allowing institutions to maintain business continuity while leveraging the benefits of blockchain technology. Additionally, Platonic’s AI-linked smart contracts enhance automation and operational efficiency and enable financial institutions to realize cost savings immediately. The platform connects to public blockchains to facilitate broader market access, liquidity, and distribution.

Platonic’s approach to tokenization serves as the connective tissue needed to facilitate collaboration, engagement, and accelerated adoption in the digital asset space. By building a vendor and broker-agnostic decentralized network that prioritizes security and data protection, Platonic is poised to transform the future of finance.

Abtahi continued, “As the financial industry is moving beyond blockchain experimentation to implementing market-ready solutions, Platonic is committed to serving as the catalyst for advancements in digital assets, driving innovation in capital markets.”

About Platonic

Platonic is at the forefront of the next generation of financial market infrastructure. Platonic’s permissioned Layer 1 blockchain linked to public chains ensures privacy, security, and business continuity, delivering enterprise-level performance. Platonic’s vendor-agnostic approach empowers global financial institutions to participate in a digitized common market infrastructure on a decentralized platform. For more information, visit platonic.io.

Raise, a leading payments provider and innovator in the global gift card industry, today announced the acceptance of crypto as a form of payment in the Raise App. In support of its mission to integrate cryptocurrency into everyday commerce through gift cards, over six million Raise App users can now shop using digital currencies at over one million in-store and online retailers.

Raise has partnered with Wallet Connect, a leading interoperability protocol that connects applications with crypto wallets to provide the widest integration support for this payment innovation. The in-app integration with Wallet Connect allows the Raise app to support a wide range of popular digital wallets, such as Coinbase, MetaMask, Phantom, and Trust. Initially, the Raise App will accept USDC, USDT, ETH, DOT, BTC, and SOL as payment for any gift card, with plans to expand to more tokens soon. This partnership simplifies transactions for crypto holders and expands the customer base for Raise’s retail partners, all without altering the consumer experience or adding complexity for merchants.

“One of the ongoing challenges in the evolving cryptocurrency industry is making transactions between crypto holders and mainstream retailers simpler and more accessible,” said George Bousis, CEO of Raise. “We are taking this challenge head-on. With the Raise App’s new API, retailers and protocols won’t need to work on one-off integrations, streamlining the transaction process while also providing crypto holders unprecedented flexibility in their spending. We’re excited to see how it transforms the shopping experience.”

Additionally, Raise plans to expand the Raise App and its crypto payment options to international markets, targeting over 30 countries by the end of the year. This strategic move enhances global accessibility and strengthens Raise’s leadership in the digital payment sector, offering a broader reach and increased opportunities for users worldwide.

Jess Houlgrave, CEO of Wallet Connect commented: “A major usability roadblock for apps today is ensuring seamless user onboarding and providing comprehensive in-app services. WalletConnect’s partnership with Raise addresses these UX challenges, making it easier for users to navigate the crypto ecosystem and utilize their digital assets in everyday transactions.”

Raise continues to innovate and enhance the payment landscape, bridging the gap between cryptocurrency and mainstream retail. The company remains committed to making digital assets more applicable in everyday life, paving the way for a future where crypto payments are as common as traditional ones.

About Raise

Raise, a renowned pioneer in the gift card industry has been at the forefront of innovation since its inception in 2012. Over the years, the company has facilitated over $10 billion in transactions through its Raise consumer app, its exchange (now GCX), and B2B operations. With over 1,000+ brand partnerships, Raise offers activation and real-time redemption capabilities across a network of over one million stores, websites, and applications. For more information, please visit https://www.raise.com/.

About Wallet Connect

WalletConnect is the UX platform for the “new internet” enabling communication between wallets and apps across chains. Having been integrated by almost all web3 applications and wallets, it facilitates millions of end-user connections each month and gives users control over their assets and data while enabling builders to create seamless and secure experiences. It has raised $25 million from some of the world’s leading tech and crypto investors, including Union Square Ventures, 1kx, Shopify, Coinbase Ventures, Circle Ventures, and Uniswap Labs Ventures. WalletConnect integrations currently span the Ethereum, Solana, NEAR, Cosmos, and other blockchains. For more information, please visit https://walletconnect.com.

Web3 is at a pivotal moment, teeming with innovation yet burdened by foundational challenges. While the industry boasts a plethora of new blockchain platforms, there is a stark void in initiatives that focus on the deep, technical advancements necessary to sustain and scale these networks.

Neev Labs: Adding a new block in the chain of innovation

Addressing this urgent need, Antier has unveiled Neev Labs—an initiative dedicated to pioneering custom blockchain infrastructure development. With a razor-sharp focus on protocol-level innovations, Neev Labs aims to be the backbone for the next generation of blockchain networks.

The entity is acing blockchain scalability, zk-rollups, modular blockchain architectures, cross-chain interoperability, and decentralized storage solutions. Neev Labs is also focusing on optimizing consensus mechanisms, enhancing network security, and developing robust node infrastructure.

By offering specialized solutions in these critical areas, Neev Labs aims to address the core infrastructure needs of Web3.

The Problem Statement: A Need for Deeper Innovation

The explosion of new blockchains in recent years has created a vibrant yet fragmented ecosystem. While many projects focus on creating new chains, few are dedicated to enhancing the infrastructure that supports these networks.

This has led to significant scalability issues, security concerns, and inefficiencies that hinder the full potential of blockchain technology. Neev Labs was established to fill this gap, driving the technical advancements necessary to support a scalable, secure, and efficient blockchain ecosystem.

Born Hero: Neev’s Strategic Alliances

The lab focuses on key products such as Abstraxn, an advanced account abstraction solution, Ancrypto, a decentralized wallet for secure asset management, and Instanodes, a cutting-edge node infrastructure solution.

Neev Labs also offers comprehensive end-to-end consulting, guiding Web3 projects through funding, development, and strategic partnerships.

With established partnerships with industry leaders like SKALE, STARKNET, and BOBA NETWORK, Neev Labs is poised to make a significant impact in the Web3 space, driving forward the next wave of blockchain innovation.

These collaborations are not just endorsements but are also testaments to Neev Labs’ commitment to pushing the boundaries of blockchain technology. By working alongside these innovative platforms, Neev Labs is poised to deliver solutions that will set new standards in the industry.

Antier: The Blockchain Maestro Behind the Curtain

Antier is a full-stack blockchain consulting firm known for its pioneering enterprise-grade solutions across B2B, B2C, B2G, and B2E domains. With India’s largest blockchain team, Antier has been at the forefront of driving blockchain advancements since its inception.

The company’s CoE focuses on research and development in areas such as DeFi, NFTs, digital banking, and Web3 consulting, making Antier a trusted partner for businesses looking to leverage the power of blockchain.

Vikram R. Singh, CEO of Antier, articulates the company’s vision: “With Neev Labs, we’re not just building infrastructure; we’re architecting the future of Web3. Our mission is to empower innovators by providing the robust foundation they need to transform bold ideas into groundbreaking realities.”

As decentralized technologies push the boundaries of what’s possible, the underlying infrastructure must evolve to meet the growing demands of a digital future.

The Crystal Ball: Neev Labs’ Vision for a Decentralized Tomorrow

Neev Labs embodies Antier’s vision of creating robust, scalable, and secure blockchain ecosystems. By focusing on the foundational aspects of blockchain, Neev Labs is not just solving today’s challenges but is also laying the groundwork for the future of Web3.

As the industry continues to grow, Neev Labs will be at the forefront, ensuring that the infrastructure supporting these networks is as innovative and resilient as the applications built on top of them.

Trust Wallet, one of the leading non-custodial cryptocurrency wallets, has integrated Rango’s API to enable seamless cross-chain swaps and bridging.. This significant upgrade empowers Trust Wallet users to transfer assets effortlessly across more than ten blockchain networks, revolutionizing the way they interact with their digital assets.

A new era for Trust Wallet users

Trust Wallet’s integration of Rango’s cutting-edge API marks a major milestone in enhancing its cross-chain capabilities. This development allows Trust Wallet’s expansive user base to conduct seamless transactions between various blockchain networks, offering a new level of flexibility and convenience. With this integration, Trust Wallet users can now transfer assets across multiple chains with ease, eliminating the complexity traditionally associated with cross-chain transactions.

Why this integration matters

The addition of Rango’s API addresses a critical need within the cryptocurrency ecosystem: efficient and secure cross-chain transactions. Historically, users have faced challenges when attempting to move assets between different blockchains due to disparate protocols and technical barriers. Rango’s API simplifies this process, providing a unified solution that ensures smooth and reliable asset transfers. This integration aligns with Trust Wallet’s mission to deliver an intuitive and comprehensive wallet experience.

Trust Wallet features

Trust Wallet is a non-custodial wallet that offers users complete control over their digital assets. Since its inception, Trust Wallet has been at the forefront of Web3 innovation, providing a secure and user-friendly UI for managing multiple cryptocurrencies and NFTs. Key features of Trust Wallet include:

• Multi-Cryptocurrency Support: Trust Wallet supports a diverse range of cryptocurrencies, extending beyond just EVM-compatible chains. This broad compatibility ensures users can manage a wide array of digital assets from a single platform.
• Flexible Purchases: Users can buy cryptocurrencies directly from third-party platforms.
• NFT Wallet: Trust Wallet serves as a comprehensive NFT wallet, allowing users to buy, sell, store, and trade NFTs directly from their mobile devices.
• Staking and Rewards: The wallet offers staking options for selected cryptocurrencies, enabling users to earn rewards on their holdings.
• Seamless Wallet Imports: Trust Wallet simplifies transferring assets from other wallets using a secret recovery phrase, private key, or Keystore file.
• Flexible Fees: The platform offers free downloads and installations, with no subscription fees.
• In-Built Swap Feature: Trust Wallet includes a decentralized exchange (DEX) for on-chain and cross-chain swaps, such as converting ETH on Optimism to ETH on Ethereum.

The future of cross-chain transactions

The integration of Rango’s API represents a pivotal advancement in Trust Wallet’s commitment to enhancing user experience and supporting a broader range of blockchain interactions. By streamlining cross-chain swaps and bridging, Trust Wallet continues to set a new standard for cryptocurrency management, making it easier than ever for users to navigate the evolving digital asset landscape.

About Rango

Rango is a pioneering web3 company specializing in cross-chain interoperability solutions. Their UI and API provides seamless, efficient, and secure cross-chain swaps, addressing the growing demand for interoperability in the cryptocurrency ecosystem. Rango’s integration with major wallet platforms like Trust Wallet underscores their role in driving innovation and simplifying digital asset management.

About Trust Wallet

Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.

Openness fosters innovation, and recent advances in artificial intelligence (AI) have showcased its global utility and influence. As computing power increases through resource integration, centralization issues are likely to arise, with entities possessing superior computing capabilities gaining dominance. This centralization could hinder the pace of innovation. Decentralization and Web3 technologies offer promising alternatives to maintain the openness of AI.

Decentralized Computing for Pre-Training and Fine-Tuning

Crowdsourced Computing (CPUs + GPUs)

Supporting Argument: The crowdsourcing model, similar to those used by platforms like Airbnb and Uber, could be adapted for computing. This model would aggregate idle computing resources into a marketplace, potentially offering lower-cost computing solutions for specific use cases and providing censorship-resistant resources for training models that may face future regulations or bans.

Opposing Argument: Crowdsourced computing may not achieve the economies of scale necessary for high-performance tasks, as most high-performance GPUs are not consumer-owned. The concept of decentralized computing seems contradictory to high-performance computing principles.

Decentralized Inference

Running Open-Source Model Inference Decentralized

Supporting Argument: Open-source models are approaching the capabilities of closed-source models and gaining traction. Centralized services such as HuggingFace or Replicate for model inference introduce privacy and censorship concerns. Decentralized or distributed vendors could address these issues.

Opposing Argument: Local inference, facilitated by dedicated chips capable of handling large parameter models, may ultimately prevail. Edge computing offers solutions for privacy and resistance to censorship.

On-Chain AI Agents

On-Chain Applications Using Machine Learning

Supporting Argument: AI agents, which require a transaction coordination layer, can benefit from cryptocurrency payments, as they are inherently digital and cannot utilize traditional banking systems. On-chain AI agents mitigate platform risks, such as sudden changes in plugin architectures by entities like OpenAI, which can disrupt services without warning.

Opposing Argument: Current AI agents, such as BabyAGI and AutoGPT, are not yet ready for production. Additionally, entities creating AI agents can use payment services like Stripe without relying on cryptocurrency. The argument regarding platform risk has been previously used to justify crypto, but it has yet to materialize.

Data and Model Sources

Autonomous Management and Value Collection for Data and Machine Learning Models

Supporting Argument: Data ownership should reside with users who generate the data, rather than the companies collecting it. As data is a crucial resource in the digital era, its monopolization by major tech companies and inadequate monetization are significant concerns. A more personalized internet requires portable data and models, allowing users to transfer data across applications similar to moving cryptocurrency wallets between dapps. Blockchain technology may provide a viable solution to data sourcing challenges, particularly in light of increasing fraud.

Opposing Argument: Data ownership and privacy concerns may not be a priority for users, as evidenced by high registration numbers for platforms like Facebook and Instagram. Trust in established entities like OpenAI may overshadow concerns about data ownership.

Token-Incentivized Apps (e.g., Companion Apps)

Envisioning Crypto Token Rewards

Supporting Argument: Crypto token incentives are effective for encouraging network growth and behavioral engagement. Many AI-centric applications are expected to adopt this model. The AI companion market presents significant opportunities, with the potential to become a multi-trillion dollar sector. Historical data, such as the $130 billion spent on pets in the U.S. in 2022, suggests a strong market for AI companions. AI companion apps have already shown significant engagement, with average session lengths exceeding one hour. Crypto-incentivized platforms could capture substantial market share in this and other AI application areas.