Phoenix: Decentralized AI Vertical Infrastructure | JDI Ventures Research Report

With the advent of the text-to-video model Sora, the AI field has reached another milestone. There is no doubt that the AI wave initiated by ChatGPT has become unstoppable; it is a wave of technology and commerce that will bring about more profound changes in people's lives than the internet—transforming our consumption, work, and entertainment.

This vision requires unprecedented large-scale computing resources to support it, and Phoenix provides a vertical solution for AI computing power.

In simple terms, it utilizes DePIN (Decentralized Physical Infrastructure Network) for efficient resource allocation, rapidly building and scaling AI-driven automation tools and predictive models, and achieving distributed AI computing on local device networks.

TLDR:

Phoenix, a leading decentralized AI infrastructure platform, recently launched its large language model (LLM) service, Phoenix LLM, on Telegram, providing Telegram users with seamless access to AI capabilities. In simple terms, users can easily connect their SkyNet accounts with their Telegram usernames and start using the PhoenixLLM Telegram Bot for various AI-driven interactions.

Compared to traditional centralized LLMs (like ChatGPT), Phoenix LLM offers a cost-effective solution, approximately one-third the cost of traditional centralized LLMs, and will further decrease as the GPU node network expands.

Phoenix plans to launch vertical LLMs targeting different fields, including Web 3, AI, data science, and trading/macroeconomic research.

Phoenix has formed a strategic partnership with leading Helium hardware provider Bobber.com to create a new generation of lightweight AI computing nodes, enabling individuals and partners to provide GPU-supported computing resources for SkyNet.

For a more detailed analysis of Phoenix, please see below:

Phoenix: DePIN+AI Driving Blockchain Infrastructure for Smart Web3 Applications

The combination of DePIN (Decentralized Physical Infrastructure Network) and AI (Artificial Intelligence) brings revolutionary changes to the market.

The core of DePIN lies in optimizing resource allocation, such as storage and computing power, in a decentralized manner, thereby supporting data-intensive applications. The role of AI technology in the modern market is becoming increasingly prominent, especially in the development of advanced analytics and deep learning models.

Phoenix is reshaping the development and deployment of smart Web3 applications through its decentralized AI infrastructure—DePIN and AI technology.

The AI computing layer of Phoenix is a Web 3-based infrastructure designed for scaling AI computing tasks and easily deploying AI-enabled applications, including deep learning, predictive analytics, large language models (LLM), federated learning, and AI edge computing.

Phoenix AI On-Demand Architecture

Phoenix's decentralized AI architecture provides users with a highly flexible AI service ecosystem.

Ordinary users, developers, and third-party applications interact with Phoenix's core AI computing infrastructure, SKYNET, through APIs, ensuring that different types of users can easily access the platform's services based on their specific needs.

SKYNET is the center of the architecture; it is a resilient AI computing infrastructure specifically designed to handle and execute AI tasks from users and developers, dynamically adjusting resource allocation based on demand.

The intelligent auto-scaling routing protocol further optimizes resource allocation, ensuring the efficient operation of the network through a master node network and a complex node hierarchy and scoring system.

Additionally, the AI model block showcases various AI technologies supported by Phoenix, such as deep learning and large language models, all aimed at completing specific AI tasks like training, inference, and deployment.

Through the Phoenix platform, users can easily leverage these models to achieve their goals, whether it's simple data analysis or the development of complex new algorithms.

Applications within the Phoenix ecosystem, such as AlphaNet, PhoenixLLM, and HORIZON PROTOCOL, are built on this vast AI computing network, utilizing the AI capabilities provided by SKYNET to deliver specific business and functionality.

Phoenix Trifecta

The Phoenix Trifecta is Phoenix's vision of delivering value through decentralized AI technology.

AI Alpha (AI Value Addition)

Creating benefits for users through AI technology, such as via AlphaNet. This means providing support for investment decisions by analyzing market trends and data through intelligent algorithms, thereby generating additional value or profit.

AI Insights (AI Insights)

Making predictive AI insights accessible, scalable, and easy to utilize through SkyNet's AI model services. This involves using AI to analyze big data, predict future trends, and provide scientific basis for decision-making; these insights can be applied in various scenarios, such as financial analysis and market trend forecasting.

AI Productivity (AI Productivity)

Changing the way we work, research, and learn through technologies like PhoenixLLM. This refers to optimizing workflows and enhancing efficiency and productivity using AI tools and services, such as automating tedious data processing tasks or assisting research and learning activities through large language models.

Overall, the Phoenix Trifecta emphasizes creating value in practical applications through decentralized AI technology, reflecting the powerful potential and practical application value of AI technology in financial value addition, gaining deep insights, and improving work and learning efficiency.

Phoenix's AI Vertical Solutions

Phoenix's AI vertical solutions cover multiple industry sectors, aiming to enhance efficiency and innovation in specific vertical markets through AI technology. Below is an overview of its main vertical solutions:

Markets & Trading: Utilizing cost-effective AI infrastructure and models to serve the market. This may include algorithmic trading, risk management, and market analysis, as well as real-time data processing to guide trading decisions.

Research & Knowledge: Achieving rapid AI model deployment for predictive analytics and providing support across multiple research fields. This can be used to accelerate scientific research, data analysis, and complex computations, enhancing research quality and efficiency.

Gaming & Metaverse: Building capabilities within the Web3 infrastructure, including the use of deep reinforcement learning models. This involves creating smarter gaming environments, enhancing user interaction experiences, and developing complex ecosystems within the metaverse.

Financial Services: Rapidly building and scaling AI-driven automation tools and predictive models. In the financial services sector, this may mean smarter investment advisory services, customer risk assessments, and personalized financial product recommendations.

IoT & Edge Computing: Building and deploying AI-driven distributed computing to strengthen local device networks. This helps to achieve intelligence in IoT devices, enhance data processing capabilities, and provide real-time analytics in edge computing environments.

Tech & Software: Commercializing cloud computing and data centers, adopting flexible computing capacity expansion methods. This may include Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS) models, as well as optimizing software development and operations using cloud technology.

These vertical solutions from Phoenix showcase its extensive applications and deep expertise in the AI field, supporting the digital transformation and intelligent upgrade of various industries through customized AI services.

Token Analysis: PHB

PHB, the native token of the Phoenix network, has several primary uses:

Network Platform Token: PHB serves as the platform token for all transactions on the mainnet, used to calculate and represent transaction fees, service costs, and the value of various economic activities within the network.

Membership Points: PHB can be converted into data points on the second-layer network, allowing users to gain more efficient data processing capabilities. This means that by investing PHB, users can enjoy faster transaction speeds and more efficient network services.

Oracle Points: In the Phoenix network, PHB can also be used as oracle points, allowing users to access and utilize real-world data. This serves as an important bridge between off-chain data and the blockchain world.

Staking for Rewards: Users can stake PHB through the Phoenix staking system to support the network's security and stability. By staking PHB, users not only help protect the network from attacks but can also earn rewards generated from network operations based on the amount staked.

The value of PHB is reflected not only in its function as a medium of exchange but also in its incentive role for network participants. By participating in different roles within the network (such as providing data, staking, running nodes, etc.), PHB enables holders to actively contribute to and benefit from the Phoenix ecosystem.

As of March 8, 2024, the latest market capitalization of Phoenix (PHB) is approximately $133 million, with a 24-hour trading volume of about $189 million. The circulating supply of PHB is 48.41 million, with a maximum supply of 64 million.

Overall, PHB has a more diversified market positioning, covering not only the DePIN market but also delving into the AI field. Moreover, the high staking rate of PHB indicates strong community confidence in its future development.

Team Background & Partners

Phoenix's partners include top exchanges like Binance, tech giants like ByteDance and Alibaba Cloud, as well as e-commerce platform JD.com, all of which are investors or partners. These partnerships provide Phoenix with technical support and market channels, particularly in promoting the integration of blockchain technology and AI.

For example, APEX Technologies will play a role in enterprise-level blockchain and multi-party computing within Phoenix Tech. Additionally, FLC, a research organization focused on federated learning and decentralized edge computing, will closely integrate with the technology of Phoenix Global.

Furthermore:

Phoenix collaborates with Bobber.com to jointly create lightweight AI computing nodes, PhoenixNode. Bobber.com's deep involvement is not only based on its strong capability of successfully deploying over 400,000 mining machines in the Helium ecosystem but also showcases its key role in advancing AI computing hardware development.

Competitive Analysis:

Helium

Helium aims to solve the challenge of providing decentralized and scalable IoT connectivity through blockchain technology and its unique consensus mechanism—"Proof-of-Coverage" (PoC).

Since its establishment in 2013, Helium has undergone multiple strategic adjustments and technological developments, gradually growing into a decentralized wireless network with extensive influence. In 2022, Helium transformed into Nova Labs Inc., completing a $200 million financing led by Tiger Global Management and Andreessen Horowitz. Helium's vision is to provide connectivity for IoT sensor devices in areas with insufficient wireless coverage or high energy demands.

As of March 8, 2024, the latest data shows that Helium (HNT) has a market capitalization of approximately $1.38 billion, with a 24-hour trading volume of about $43.09 million. Helium currently has a circulating supply of 160,875,441.824 HNT.

Bittensor

Bittensor is an open-source protocol based on blockchain, aimed at establishing a decentralized machine learning network. This network supports collaborative training of machine learning models and rewards them with TAO tokens based on the value of the information they provide.

Bittensor also aims to create an AI marketplace where consumers and producers of AI can interact in a trustless environment.

As of March 8, 2024, the latest information shows that Bittensor (TAO) has a market capitalization of approximately $4.62 billion, with a 24-hour trading volume of about $31.7 million. Bittensor ranks first in the AI cryptocurrency sector.

DePIN+AI ------ PHB's Value Addition Potential

Phoenix is not just a blockchain platform; it is the future of smart Web3 applications.

It combines the powerful capabilities of layer one and layer two networks and opens a new era for data-intensive and AI-driven applications through innovative oracle technology.

The PHB token serves as the core of the network, providing a reliable medium for value transfer and ensuring the smooth operation of the entire ecosystem. As Phoenix continues to develop and innovate in the AI+DePIN field, we look forward to seeing more exciting applications and solutions emerge on this platform.

The combination of AI and DePIN signifies a new technological trend that integrates the power of data and intelligent computing into decentralized infrastructure. We can foresee that more and more intelligent applications based on the Phoenix platform will emerge in the future.

Phoenix represents the future direction of Web3 technology. With continuous technological advancements and expanding applications, Phoenix will continue to lead industry development, shaping a more open, intelligent, and efficient digital world.

X: https://twitter.com/Phoenix_Chain

Official website: https://www.phoenix.global/

Github: https://github.com/phoenixglobal