CGV Research From Parallel to Convergence: Exploring the New Wave of Digital Economy Led by the Integration of Web3 and AI

Author: CGV

Introduction

In today's rapidly advancing technological era, the integration of Web3 and artificial intelligence (AI) is becoming an inevitable trend. These two fields are no longer parallel lines developing independently; instead, they are increasingly intertwined, shaping our digital future together.

Web3, as a concept of a decentralized and distributed network, offers a fairer and more transparent digital space. Its core idea is that users have power, granting them control over their data through blockchain and encryption technologies. AI, on the other hand, is one of the main driving forces propelling this era forward. By learning and mimicking human intelligence, it enhances the speed and quality of decision-making, optimizes user experiences, and plays a significant role in data processing and analysis.

When these two come together, we can foresee a new internet experience. In this AI-driven, Web3-supported world, we will not only see more personalized and intelligent services but also experience unprecedented data security and transparency. AI can leverage its analytical and predictive capabilities within the Web3 framework, while Web3 provides a decentralized, tamper-proof data platform for AI.

This integration heralds a more intelligent and decentralized digital future. In this future, technology not only serves humanity but is also closely linked to human lifestyles, values, and goals. The combination of Web3 and AI is not just a technological fusion but also a vision and shaping of future social forms and cultures.

The CGV Research team will launch a series of research reports focusing on "The Integration of Web3 and Artificial Intelligence (AI)," exploring the combination of AI technologies with Web3 applications in DeFi, NFTs, computing power, data management, and more, uncovering the innovative boundaries of Web3 and AI technologies, and discovering more practical and cutting-edge Web3×AI solutions.

Web3: The Next Generation Internet for Personal Sovereignty

Web3 is the next generation of the internet, centered around decentralized and blockchain technologies, aiming to build a new value system where users possess digital sovereignty. The goal of Web3's development is to break the monopoly of internet giants over data, allowing users to control the content and data assets they create.

The purpose of the internet is openness, freedom, and sharing. If Web2's internet giants exploit centralized servers to extract user data, which goes against the spirit of the internet, then the return of data control and ownership to individual users in the open, transparent, and decentralized Web3 represents a renaissance of the new era.

Initially, Web3 primarily focused on financial scenarios, with cryptocurrencies and decentralized finance (DeFi) being the main application areas. Today, the application fields of Web3 have greatly expanded, with gaming, social networking, and governance becoming new growth points, and many traditional industries are transitioning to Web3.

AI: A New Industrial Revolution Driven by Data and Computing Power

AI simulates human intelligence through computer systems, enabling computers to possess cognitive abilities, with the core elements being reasoning, learning, and self-correction.

Early AI used single-domain datasets to train specialized models for specific tasks, mainly in fields such as computer vision (CV) and natural language processing (NLP), which can be referred to as AI 1.0. The emergence of large language models (LLMs) like ChatGPT marks the advancement of artificial intelligence technology into the 2.0 era. AI 2.0 utilizes massive cross-domain data, supported by powerful computing capabilities, to train general models with high generalization abilities that can perform multiple tasks. Large models tailored for specific application scenarios can be fine-tuned for deployment, with low marginal costs, making them more conducive to large-scale commercial use.

In the AI 2.0 era, general artificial intelligence excels in seven dimensions: text generation, language understanding, knowledge Q&A, logical reasoning, mathematics, coding, and multimodality, greatly expanding productivity and becoming a new growth engine for human society following the internet revolution.

Web3 x AI: An Inevitable Trend in Digital Economic Development

From a macro perspective, Web3 and AI may possess two opposing cores: Web3 emphasizes decentralization, while AI often requires centralized computing power due to the demands of model training. However, the two are not in opposition but rather complementary. Web3 represents the most advanced production relationships, where individuals truly own their data, content, and property, restoring sovereignty to individuals; AI represents the most advanced productive forces, liberating humans from tedious repetitive tasks. The combination of the two is an inevitable trend in the development of the digital economy.

On one hand, Web3 brings decentralized production relationships to AI, addressing user incentive issues through the open, transparent, and verifiable characteristics of blockchain. Generative AI significantly lowers the barriers to creating high-quality content, while Web3 allows users to reap the rewards of their quality content. With the help of blockchain, all user contributions can be recorded publicly, transparently, and immutably, allowing them to benefit and stimulating individual creative enthusiasm.

On the other hand, AI enhances the intelligence of Web3, improving production efficiency, broadening application scenarios, and enhancing user experiences. The security of DeFi has always been a looming threat, and AI-enabled contract auditing will greatly reduce the likelihood of contract security vulnerabilities. In the fields of NFTs and gaming, AIGC can lower the difficulty of material creation and accelerate innovation. In DAO governance, AI can not only assist by providing suggestions to governors but can also participate directly in governance as a member, adding dimensions to governance.

Envisioning the Integration of Web3 and AI: Creating a New Era of Digital Economy

The year 2023 is a year of miracles, with Web3 witnessing large-scale adoption, and high-quality projects in social and gaming sectors generating breakout effects; AI has officially entered the 2.0 era, with large language models empowering various industries, soon to usher in a point of innovation.

The CGV Research team believes that the integration of AI and Web3 not only opens up new technological frontiers but also signifies profound changes in society, economy, and even culture. This integration empowers individuals with greater digital sovereignty and creativity while bringing more efficient and intelligent productivity and services to society as a whole. As technology continues to advance, we will welcome a more decentralized and intelligent digital future, where individual value and contributions are fully respected and rewarded.

CGV firmly believes that Web3 x AI is an inevitable trend in the digital economy, likely to give rise to more unicorn projects. CGV stands with builders, establishing the AIFocus Accelerator to provide comprehensive support for builders in the Web3 x AI space, jointly constructing the future of Web3 x AI. At this pivotal intersection of Web3 and AI technologies, the AIFocus Accelerator eagerly invites innovators and developers from around the world to join this historic journey.

This article serves as a prologue to the Web3xAI series of research reports, and the CGV Research team will continue to delve into the theme of "The Integration of Web3 and Artificial Intelligence (AI)," uncovering quality content. Stay tuned.