Monetizing Knowledge, Earning Through Labor - Research Report on the Decentralized AI Underlying Protocol KIP Protocol

Today let's talk about @KIPprotocol KIP Protocol ------------ KnowledgeFi, monetizing knowledge, earning through labor.

Project Overview

@KIPprotocol is a decentralized underlying protocol built for AI app developers, model creators, and data owners, allowing them to securely trade and monetize in Web3. KIP enables valuable knowledge and data to be protected and monetized as knowledge assets, ensuring ownership is retained while interacting with artificial intelligence.

For AI app developers, model creators, and data owners, KIP is crucial for decentralized deployment and monetization in Web3.

I came across this project while researching AI projects before, and it left a deep impression. It can be said that it has a good user enthusiasm in the English-speaking community. In the Crypto AI dRAG track, KIP holds a leading position.

Project Financing

I looked into KIP's financing background, with Animoca Ventures leading the investment and several VCs like MH Ventures participating. Animoca is well-known as a top VC in the blockchain gaming space, having invested in numerous projects. James, the head of Animoca Ventures, has interacted with KIP multiple times, strongly promoting KIP's importance in their AI Portfolio.

MH_Ventures is a leading VC investing in AI & depin, having heavily invested in various AI & depin projects on the market. With the support of these two VCs, KIP has a solid financing background, and this is just early-stage financing.

Additionally, KIP won the Tencent Cloud Award at the 2023 Chainlink Hackathon. This means that the project started working during last year's bear market and received an award at the ecological hackathon. Many great projects have emerged from hackathons, such as Stepn and io.net, which were champions of the Solana hackathon. If KIP had participated in the Solana hackathon back then, it might have attracted more attention.

Team Background The KIP team consists of senior PhDs and technical experts dedicated to AI research, who are quite Crypto-Native. They possess a deep professional background and rich experience in both Web3 and AI, committed to promoting AI decentralization and becoming a catalyst for the decentralized AI wave.

@julian_KIP Julian is the CEO and co-founder. Julian Peh graduated from the National University of Singapore's law department and joined ADITUS Network as a co-founder in 2017, marking his first entrepreneurial venture in the crypto field. Since then, as a continuous entrepreneur in the Web3 space, he established the Web3 investment consulting firm Immersion and has invested in fintech company TranSwap and AI consulting firm Eigenform as an investor. You can check out the previous interview Chain Catcher did with him to gain a more comprehensive understanding of how he and KIP are advancing decentralized AI: https://www.chaincatcher.com/article/2126463

Julian's LinkedIn https://www.linkedin.com/in/julianpeh/

@HumanLevelJen Dr. Jennifer Dodgson is a computer scientist and PhD. She is quite well-known in computational linguistics and AI, having served as a consultant in LLM (natural language processing) for governments, enterprises, and large organizations.

Dr. Jennifer Dodgson's LinkedIn https://www.linkedin.com/in/jennifer-dodgson-21642a23/

Product

The uniqueness of KIP lies in its ability to address three fundamental issues faced by AI model creators, app developers, and data owners when attempting decentralization.

1. On-chain/Off-chain connection
2. Monetization and realization
3. Ownership and security issues

KIP Protocol is the world's first Web3 protocol supporting decentralized RAG (Retrieval-Augmented Generation) solutions. RAG is a complex innovative technology used in generative AI that allows AI models to generate answers they originally did not know by retrieving data and information from external knowledge bases and databases. This technology provides a fair competitive environment for all value creators to combat AI industry monopolies, enabling AI to effectively operate through the collaborative efforts of millions of small and large creators without needing a large company to coordinate every core function.
The KIP token will serve as the circulating currency of the entire protocol, and the staking system of the KIP token will ensure transaction transparency and fairness. Ecological participants need to stake KIP tokens, and if they engage in malicious activities, they will be punished. This provides users with a secure and reliable environment, ensuring that the entire process from model training to outcome transformation is guaranteed, ensuring fairness and transparency.

Decentralized RAGs like KIP are particularly useful in fields that require the latest and sensitive data sources, such as gaming, education, healthcare, and asset management.

For example, a neurologist uses a fine-tuned large language model (LLM) trained on Netter's anatomy atlas and Gray's anatomy to consult patients with neurological symptoms and retrieves patient data through dRAG to provide anatomical insights, differential diagnoses, and treatment plans.

Another use case is in the education sector. In today's era of fragmented attention, AI can greatly assist learners. Educators can clone their expertise into digital twins and monetize their knowledge around the clock. Students can get an instant answer for just $1 instead of spending $100 on a textbook. Notably, KIP has officially announced a strategic partnership with the education platform Open Campus and launched the product Open Campus U to jointly promote educational innovation based on the KIP Protocol.

KIP's philosophy emphasizes a shift in educators' teaching methods, not just imparting knowledge but also allowing them to own intellectual property in a more flexible way and monetize it. It aims to fundamentally change the traditional education system by integrating innovative teaching methods and technology.

Decentralized RAGs provide new monetization possibilities for individual contributions in datasets and AI models, promoting the development of a fairer AI ecosystem.

Users like KIP because it aims to break the existing monopolies of AI giants over data and models, allowing AI developers, model creators, and data owners to participate and profit fairly. This helps promote the democratization of AI development, utilizing SFT (semi-fungible tokens) to represent ownership of AI models, algorithms, and datasets, allowing data owners to sell usage rights without losing ownership, thus protecting privacy and generating revenue.

KIP provides tools and frameworks for AI app developers, model creators, and data owners to support their migration to Web3, better develop products, and achieve monetization, which is beneficial for promoting AI innovation and commercialization. It not only focuses on technological development but also aims to establish a healthy ecosystem that ensures all participants in the AI industry can benefit and promote the development of the entire industry.

Timeline

You can view the timeline of KIP Protocol at https://www.odaily.news/search/KIP%20Protocol.

On February 1, 2024, KIP Protocol, focusing on AI's Web3 infrastructure, announced the completion of a strategic round of financing led by Animoca Ventures, with participation from B.Army (Vietnam), CSP DAO (Europe, Middle East, and Africa), MQdao, Spicy Capital (Latin America), Skyvision Capital (Hong Kong), and Purechain Capital (UK). KIP Protocol aims to protect the digital property rights of AI value creators through Web3, promoting the common goal of decentralized artificial intelligence.

On April 27, 2024, KIP Protocol, focusing on AI's Web3 infrastructure, announced on the X platform that it would launch exclusive KIP SBTs as rewards for community members who completed at least 7 cycles during the first season of the genesis event. This SBT is linked to subsequent KIP token airdrops, presale priority, early access to KIP and partner-related projects, and increased chances for future lottery draws.

On May 28, 2024, KIP Protocol, focusing on AI's Web3 infrastructure, announced on the X platform that The Uprising event has launched, allowing users to complete tasks, collect bonuses, and accumulate points, with a portion of the KIP token supply specifically allocated to this event.

KIP recently announced significant product progress: On June 12, 2024, KIP Protocol, a decentralized underlying protocol focused on AI, announced a partnership with Open Campus to launch the Open Campus U (OCU) platform. As the official AI partner of Open Campus, KIP Protocol will introduce decentralized AI learning into the EDU chain. Through the dRAG technology solution provided by KIP Protocol, learners can obtain customized learning experiences and interact with top entrepreneurs and scholars like Brian D. Evans. OCU offers an intelligent learning environment and aims to become a learning platform capable of accommodating millions of users.

Token Economics

$KIP, as the only token in the KIP ecosystem, has functions such as trading, governance, community incentives, and participation in Launchpad, with a total supply of 10 billion tokens, of which 21% of the ecosystem fund is used to reward ecosystem builders, various promotional activities, and community rewards.

How to Participate

Finally, let's talk about --------- the wealth code. Since KIP has not yet issued tokens, I specifically looked into how to participate and found that the NFTs from the first airdrop have already skyrocketed! They increased by 69.0% in a week. The latest KIP Season 2 event is called "The Uprising": https://x.com/KIPprotocol/status/1795108478911988141, which is an airdrop event that started on May 27. The registration link (you can directly earn 200 points): https://uprising.KIP.pro/join?ref=VG4G5C

There is no threshold for participation; complete simple interactive tasks to earn points that can be exchanged for future token airdrops. There are various point bonus rules, such as holding blue-chip NFTs like Azuki and BAYC. There is an invitation system where you can earn points and bonuses for bringing in others, and the more people you invite, the higher the bonus.

KIP is strong in both background and technology, and the airdrop is completely free, making this a rare opportunity that should not be missed. I also found a Chinese tutorial that makes it easy to get started and become a participant in decentralized AI: https://mirror.xyz/0x420640795953C325F5092B633228A111774ee430/EL9Kch27ZMURqqQCrOoJ18QLpSDgp9rnKfF477RlILY

If you have any questions, you can also join their official Chinese TG for assistance: https://t.me/KIPProtocol_CN