KIP Protocol: A New Exploration of Web3 and Decentralized AI
In today's digital and technological revolution, KIP Protocol is exploring new possibilities in the decentralized AI field through its innovative Web3 solutions. With continuous technological advancements and ongoing community expansion, KIP Protocol is expected to become an important force in promoting the democratization and decentralization of AI globally.Author: KIP Protocol
With the rapid development of blockchain and AI technologies, new application scenarios and business models are constantly emerging. In this wave of innovation, KIP Protocol has become a noteworthy new star. In a recent AMA hosted by Inspect DAO, KIP's co-founder and CEO Julian and Chief AI Officer Jennifer shared their insights and the latest updates on the project.
KIP Protocol is a decentralized Web3 underlying protocol focused on AI, designed for AI app developers, model creators, and data owners to securely trade and monetize in Web3.
The Origin of KIP Protocol
KIP was co-founded by Julian and Jennifer. Julian has extensive experience in the internet and cryptocurrency industries, having founded multiple companies since 1998 and accumulated valuable investment experience. He first delved into the Web3 industry during the 2017 bull market and later shifted his focus to investing in AI technologies. During this process, Julian met Jennifer, a researcher with significant influence in the fields of machine learning and natural language processing. Jennifer came to Singapore in 2014 to pursue her PhD and later founded a consulting company focused on providing AI solutions for governments and international organizations.
The deep backgrounds of these two founders in AI, combined with their shared passion for decentralized technology, led to the birth of KIP Protocol. KIP aims to widely disseminate the power of AI through blockchain technology to promote more equitable and transparent technological applications.
KIP Protocol's Goal: Breaking AI Monopolies
The core mission of KIP Protocol is to break existing AI monopolies and promote the development of decentralized AI. Web2 AI giants like OpenAI collect data from the internet to train their models and ultimately monetize them, while the data owners receive no compensation.
By providing a range of tools and frameworks, KIP supports AI developers in migrating their applications from traditional Web2 platforms to decentralized Web3 platforms, allowing them to better develop products and monetize. KIP not only focuses on technology development but is also committed to building a healthy ecosystem that ensures all participants in the AI industry can benefit and drive the development of the entire industry.
SFT and Staking
KIP Protocol adopts the ERC-3525 standard, utilizing SFTs to represent ownership of AI models, algorithms, and datasets. These SFTs can serve not only as assets for investment and trading but also as a means to ensure creators' rights and revenues. Specifically, through the semi-fungible ERC-3525 standard, AI models can be minted as an SFT and then divided into fungible fragments, allowing the model creator to retain 90% while selling the remaining 10% to investors. This way, users can own and trade a portion of AI models, enabling even ordinary users to directly participate in AI model investment and profit sharing.
Additionally, Jennifer emphasized the role of the KIP token staking system in ensuring transaction transparency and fairness. KIP tokens will serve as the circulating currency of the entire protocol. Ecosystem participants need to stake KIP tokens, and if they engage in malicious activities, they will be penalized. This provides users with a secure and reliable environment, ensuring that the entire process from model training to outcome conversion is safeguarded, thus ensuring fairness and transparency.
KIP Genesis Pass and Future Outlook
The KIP Genesis Pass will soon undergo Free Mint. KIP has already issued whitelist spots to actively engaged community members through quests. Genesis NFT holders will enjoy various exclusive benefits, including airdrops, early access to future AI tools, opportunities to obtain whitelists for KIP collaborative projects, and access to all upcoming incubated projects, among others.
KIP has established partnerships with several renowned educational and technology institutions to jointly develop projects and promote new technologies. Just recently, KIP announced a partnership with the decentralized education platform Open Campus to empower the education sector. In the future, KIP will continue to promote the development of decentralized AI technology through collaborations with other technology providers, academic institutions, and business partners. These collaborations not only enhance the technological foundation of KIP Protocol but also bring more opportunities and resources to its Pass holders and other user groups.
Julian revealed that the KIP Genesis Pass is just the beginning, and more activities and airdrop rewards will follow. Important announcements will be made in May, so stay tuned to KIP's official Twitter and join communities like Discord and Telegram for the latest project updates.
Summary
In today's digital and technological revolution, KIP Protocol is exploring new possibilities in the decentralized AI field through its innovative Web3 solutions. With continuous technological advancements and ongoing community expansion, KIP Protocol is poised to become an important force in promoting the democratization and decentralization of AI globally.
About KIP Protocol
KIP Protocol builds a Web3 underlying protocol for AI app developers, model creators, and data owners, enabling AI assets to be easily deployed and monetized while retaining complete digital ownership.
KIP will establish a new AI business ecosystem to address the challenges and issues faced in decentralized AI deployment, ensuring that everyone can enjoy the economic benefits brought by AI.
The KIP team consists of senior PhDs and technical experts dedicated to AI research since 2019, who also have a strong professional background and rich experience in the Web3 field, committed to promoting AI decentralization and becoming a catalyst for the decentralized AI wave.
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