Hotcoin Research | Play and Earn WEB3: Adot Decryption — — AI-Driven Decentralized Search Engine Revolution

1. Introduction: The Future of Search Begins with Adot

In the vast ocean of data on the internet, search engines have always played the role of guiding beacons. From the early Yahoo! to today's Google, the development of search engines has witnessed the evolution of the internet. However, with the arrival of the Web3 era, the limitations of traditional search engines have become increasingly apparent. They struggle to effectively index the vast amounts of data in decentralized networks and cannot meet users' demands for privacy and data ownership.

The Web3 era brings new data forms and user needs. Emerging data types such as blockchain transaction records, decentralized applications (DApps), and non-fungible tokens (NFTs) require a new search paradigm to process and present them. At the same time, users' demands for data privacy and ownership are growing stronger, and the centralized model of traditional search engines is inadequate to meet these new needs.

Against this backdrop, a project named Adot has emerged. Since its establishment in 2022, Adot has completed multiple rounds of financing, raising a total of $6 million, demonstrating investors' confidence in this innovative project. Adot is redefining the future of search using AI and blockchain technology, aiming to provide comprehensive search solutions for the Web3 era.

2. Adot: Redefining Web3 Search

2.1 What is Adot?

Adot is a decentralized AI search network that provides a new search solution for the AI internet era. It not only offers users a more convenient and intelligent Web3 content search experience but also helps developers quickly build personalized search functionalities.

The core concept of Adot is to combine AI technology with the decentralized characteristics of blockchain to create an open, transparent, and efficient search ecosystem. This combination not only improves the efficiency and accuracy of searches but also provides users with more control and privacy protection.

2.2 Core Features of Adot

• Comprehensive Web3 Data Coverage: Adot indexes not only traditional web content but also covers various types of Web3-related information, including blockchain transaction data, NFT metadata, social media posts, and more. It can even access "deep web" data that traditional search engines find difficult to reach. This comprehensive data coverage makes Adot a versatile information gateway in the Web3 world.
• AI-Driven Intelligent Search: Adot utilizes advanced natural language processing and machine learning technologies to provide more accurate and personalized search results. It can not only understand users' query intentions but also provide intelligent summaries and insights. This AI-driven search experience far exceeds traditional keyword matching, better meeting users' complex query needs.
• "Search to Earn" Model: Adot adopts an innovative "search to earn" model, allowing users to earn token rewards while using the search service. This not only encourages user participation but also injects vitality into the entire ecosystem. This model redefines the relationship between users and the platform, making users not only consumers of services but also creators of value.
• Developer-Friendly: Adot provides powerful APIs and SDKs, enabling developers to easily integrate its search functionality into their applications or build new search applications based on Adot's infrastructure. This openness provides strong support for the development of the entire Web3 ecosystem.

2.3 Vision of Adot

Adot's mission is to build a decentralized search network that comprehensively surpasses traditional search engines, making high-quality data easily accessible while creating value for every user and developer. It aims to become the "Google" of the Web3 era, but its ambitions go far beyond that.

Adot envisions establishing a machine internet to replace the traditional human internet, achieved by using an AI-based Web3 search engine to replace traditional Web2 search engines like Google.

Adot is creating a new search ecosystem driven by AI, co-built by users, and sharing value. In this ecosystem, every participant is both a contributor and a beneficiary. Users contribute data and computing power through their daily search behaviors, developers enrich the ecosystem by building applications, and the entire network continuously optimizes and evolves through AI technology.

This new search paradigm not only better meets the information needs of the Web3 era but also has the potential to reshape the entire internet's value distribution mechanism. By directly returning the value of search to users and contributors, Adot is exploring a more equitable and transparent digital economy model.

2.4 Project Links

• Official Website: https://www.a.xyz/
• Project X: https://x.com/Adot_web3
• Founder X: https://x.com/Wei_ADot
• Code Repository: https://github.com/adotweb3
• Product Link: https://ai.a.xyz

3. Development History and Team Background of Adot

3.1 Development History and Financing Situation

Since its establishment in 2022, Adot has completed multiple rounds of financing, reflecting investors' confidence in this innovative project:

• October 2022: Completed a $1 million seed round financing, with participation from Hash Global, Mask Network, MixMarvel DAO Venture, and others.
• February 2023: Completed a $2 million extended seed round financing, with participation from gumi Cryptos Capital, Hash Global, Mask Network, SevenX Ventures, and others.
• April 2024: Completed a $3 million Pre-A round financing, with participation from Hash Global, gumi Cryptos Capital, Xin Family, and others.
• August 2024: Completed strategic financing, amount undisclosed, led by Aptos.

These financings not only provide Adot with ample financial support but also reflect the industry's optimism about Web3 search engines.

3.2 Team Background

Adot was founded by a group of professionals with rich experience in search engines, artificial intelligence, and blockchain. Key team members include:

• Wei (Founder and CEO): Former Google engineer with extensive experience in search algorithms and large-scale distributed systems.
• Amber, Product Lead: Former product director at Meituan, Ctrip, and Xueba Jun AI (acquired by Douyin); co-founder of an AI startup with 10 million users.
• Nadia, CMO: Former senior employee at Goldman Sachs, with years of experience in financial services and social entrepreneurship consulting. Skilled in cross-border investment, data analysis, and impact assessment, with marketing experience at several well-known Web3 companies.
• Lee, Search Algorithm Director: With 15 years of experience in search technology, graduated from Peking University with a master's degree.
• Other Members: Experts in AI, blockchain research, and large-scale product development (building infrastructure from scratch for 200 million users).

The team's technical background and industry experience provide a solid foundation for the development of Adot.

3.3 Major Milestones

• Q4 2022: Adot concept proposed and initial prototype developed.
• Q2 2023: Launched testnet, began indexing Ethereum and Twitter data.
• Q4 2023: Mainnet launched, basic search functionality introduced.
• Q2 2024: Launched AI-driven intelligent search functionality.
• Q3 2024: Received strategic investment from Aptos and initiated ecological cooperation with Aptos.

These milestones demonstrate the rapid progress Adot has made in a short period, reflecting the team's execution capability and the project's development potential.

4. Innovation and Value Proposition of Adot

4.1 AI-Driven Intelligent Search

Adot deeply integrates AI technology into the entire search process. It uses advanced natural language processing (NLP) technology to understand the true intent behind user queries and employs machine learning algorithms to continuously optimize search results. This approach can provide more precise and relevant search results, significantly enhancing users' search efficiency and experience.

Specifically, Adot's AI technology is reflected in the following aspects:

• Semantic Understanding: Adot can understand the context and implied intent of queries, not just match keywords. For example, when a user searches for "ETH price," Adot will not only return the current price but also provide price trends, market analysis, and other relevant information.
• Multilingual Support: AI technology enables Adot to handle and understand queries in multiple languages, providing accurate cross-language search results.
• Personalized Recommendations: Based on users' search history and behavior, Adot's AI system can provide personalized search results and recommendations, ensuring each user receives the most relevant information.
• Real-Time Learning: Adot's AI system can continuously learn and optimize from user feedback and interactions, improving search quality over time.

4.2 Comprehensive Web3 Data Coverage

Adot not only indexes traditional web content but also deeply covers blockchain transaction data, smart contracts, NFT metadata, decentralized storage content, and other Web3-specific data types. This comprehensive data coverage provides users with a unified Web3 information retrieval gateway, significantly lowering the barriers to information access.

Adot's data coverage includes:

• Blockchain Transaction Data: Including transaction records from major public chains, smart contract calls, etc.
• DeFi Data: Such as liquidity pool information, lending protocol data, yields, etc.
• NFT Data: Including NFT metadata, transaction history, holder information, etc.
• DAO Information: Such as governance proposals, voting results, member activities, etc.
• Decentralized Storage Content: Such as files on IPFS, permanent storage content on Arweave, etc.
• Web3 Social Data: Posts, comments, and interactions from decentralized social platforms.

This comprehensive data coverage makes Adot a versatile information gateway in the Web3 world, allowing users to access all necessary Web3-related information on a single platform.

4.3 "Search to Earn" Incentive Model

Adot innovatively proposes the concept of "search to earn," allowing users to earn token rewards through their daily search behaviors. This model not only incentivizes user participation but also helps improve the quality of search data.

Specifically, users can earn rewards through the following ways:

• Daily Searches: Each search may earn a small amount of token rewards.
• Providing High-Quality Feedback: Evaluating and providing feedback on search results can earn additional rewards.
• Contributing Data: Uploading valuable Web3 data can earn more rewards.
• Running Nodes: Node operators providing computing and storage resources for the network can earn stable token rewards.

This incentive mechanism not only increases user participation but also helps enhance the overall data quality and network health of the ecosystem.

4.4 Developer-Friendly Ecosystem

Adot provides rich APIs and SDKs, enabling developers to easily integrate its search functionality into their applications or build new search applications based on Adot's infrastructure. This open platform strategy offers developers more possibilities for innovation.

Developers can utilize Adot's resources:

• Search API: Easily integrate Adot's search functionality into any application.
• Data API: Access the vast Web3 data indexed by Adot.
• AI Model Interface: Leverage Adot's AI capabilities to enhance application functionality.
• Developer Community: Engage with other developers for support and resources.

Through this open ecosystem, Adot is not just a search engine but also a platform for Web3 innovation incubation.

5. Participating in Adot: Opportunities and Benefits

5.1 Why Participate in Adot?

• Seize the High Ground in Web3 Search: Web3 is reshaping the internet's infrastructure, and search engines, as gateways to information retrieval, are crucial. Early participants have the opportunity to gain a favorable position in this emerging market.
• Experience AI-Driven Next-Generation Search: Adot is not merely transferring existing search technologies to blockchain; it is redefining the way search works using AI technology. By participating in Adot, you can be among the first to experience how AI transforms information retrieval and knowledge discovery.
• Gain Data Sovereignty and Privacy Protection: In traditional search engines, users' search histories and personal data are often used for advertising or commercial analysis. Adot's decentralized architecture and encryption technology provide better data protection for users.
• Participate in Ecological Governance and Shape the Future of Search: Adot adopts a DAO (Decentralized Autonomous Organization) governance model, allowing token holders to vote on important decisions. This means you are not only a user of the search service but may also become part of shaping its future direction.
• Discover New Business Opportunities: For developers and entrepreneurs, Adot offers a new platform. You can build innovative applications based on Adot's API, such as vertical search engines, data analysis tools, or content recommendation systems.
• "Search to Earn," Easily Earn Rewards: Adot's "search to earn" model allows ordinary users to earn token rewards through their daily search behaviors. This not only lowers the participation threshold but also provides users with a new way to obtain value.
• Witness and Participate in Technological Innovation: Adot is attempting to integrate cutting-edge technologies such as blockchain, AI, and decentralized storage to create a new search paradigm. By participating, you will have the opportunity to closely observe and engage in this technological innovation process.
• Co-construct the Web3 Knowledge Graph: Adot is not just a search tool; it is also committed to building a vast Web3 knowledge graph. By using Adot and contributing data, you are actively participating in the construction of this knowledge graph.

5.2 How to Participate in Adot?

User Participation:

• Daily Searches: Visit Adot's official website (https://ai.a.xyz/#/?code=Z4pcx0), use the search function, and earn Agems points as rewards. Agems are points within the Adot ecosystem that may be converted into tokens or used to redeem other benefits in the future.

• Install Browser Extension: Use the Adot browser extension for convenient daily searches. This not only increases your chances of earning rewards but also allows you to use Adot's search functionality while browsing other web pages.

• Participate in Tasks and Activities: Follow Adot's official social media accounts (such as Twitter @Adot_web3) to learn about and participate in various community tasks and activities. These activities often come with additional rewards and are a great way to stay updated on the project's latest developments. (Currently, the official website has daily check-ins, inviting friends, and some social tasks.)

• Provide Feedback: Actively provide the Adot team with feedback on your user experience and improvement suggestions. High-quality feedback not only helps improve the product but may also earn special rewards.

Developer Participation:

• Integrate Adot API: Integrate Adot's search functionality into your applications. This not only enhances your application's capabilities but may also benefit from Adot's traffic.
• Contribute Code: Adot is an open-source project, and you can directly contribute code to its core protocol or surrounding tools. Visit Adot's GitHub repository to learn about current development priorities and contribution guidelines.
• Build DApps: Develop various decentralized applications (DApps) based on Adot's infrastructure, such as specialized search engines, data analysis tools, or content aggregation platforms.
• Participate in Technical Discussions: Join Adot's developer community to engage in discussions and designs of technical solutions. You can find relevant developer groups on Discord or Telegram.

Data Contributors (Not available yet, looking forward to opening):

• Upload Data: If you have valuable Web3-related data, you can contribute it to the network through Adot's data upload tool. High-quality data contributions may earn additional rewards.
• Run Nodes: Operate a storage and processing node for the Adot network. Node operators typically receive stable token rewards while contributing to the network's decentralization and robustness.
• Data Validation: Participate in Adot's data validation process to help ensure the accuracy of information within the network. This usually requires some expertise but will also come with corresponding rewards.

Community Participation:

• Join DAO: Become a member of the Adot DAO to participate in project governance and decision-making. This typically requires holding a certain amount of Adot tokens or Agems points.
• Create Content: Produce tutorials, analysis articles, or video content for the Adot community to help more people understand and use Adot. High-quality content creators may receive recognition and rewards from the community.
• Organize Offline Events: Organize Adot-related offline meetups or workshops in your area to help expand Adot's influence.

6. Market Positioning and Competitive Analysis of Adot

6.1 Overview of the Competitive Landscape

Traditional Search Engine Giants (such as Google, Bing):

These companies have a large user base and strong technical capabilities. Google processes over 3.5 billion search requests daily, and its search algorithms have been optimized over many years, achieving excellent performance. However, their centralized architecture and existing business models (primarily relying on advertising revenue) may limit their development in the Web3 space.

Advantages:

• Large user base and brand recognition
• Strong technical capabilities and data accumulation
• Well-established advertising ecosystem

Disadvantages:

• Centralized architecture is difficult to adapt to Web3 needs
• Handling of user data raises privacy concerns
• Lack of experience in dealing with emerging Web3 data types

Web3 Native Search Projects (such as The Graph):

These projects have a deep understanding of the Web3 ecosystem and focus on solving blockchain data indexing and querying issues. The Graph, as a decentralized indexing protocol, has strong capabilities in blockchain data indexing.

Advantages:

• Deep understanding of the Web3 ecosystem
• Focused on solving blockchain-specific data issues
• Decentralized architecture aligns with Web3 principles

Disadvantages:

• Relatively small user base
• Most projects are still in early stages, and the ecosystem is not mature enough
• May lack experience in handling traditional web content

AI-Driven Emerging Search Platforms (such as Neeva, You.com):

These platforms excel in AI application and user experience innovation. Neeva offers an ad-free, privacy-focused AI search experience, while You.com combines AI and human curation in its search approach.

Advantages:

• Leading in AI technology application
• Focus on user privacy and personalized experience
• Innovative business models (such as Neeva's subscription model)

Disadvantages:

• Most are still centralized platforms, which may not align with Web3's decentralized philosophy
• May not cover Web3 content as comprehensively as specialized blockchain search engines
• Relatively small user base

Specialized Search Engines (such as DappRadar, NFTGo):

These platforms focus on specific Web3 domains, such as decentralized applications (DApps) or non-fungible tokens (NFTs). They provide depth and specialization for specific user groups.

Advantages:

• Depth and specialization in specific fields
• Provide precise services for specific user groups
• Deep understanding of niche markets

Disadvantages:

• User base is relatively limited
• Difficult to meet broader Web3 search needs
• May lack cross-domain data integration capabilities

6.2 Competitive Advantages of Adot

In the face of such a competitive landscape, Adot has the following competitive advantages:

• Comprehensive Web3 Coverage: Adot is not limited to a specific domain but aims to become an all-encompassing search engine for Web3, which helps attract a broader user base.
• AI-Driven Intelligent Search: Adot applies advanced AI technology to search, potentially providing a more precise and personalized search experience, which is not available in traditional search engines and most Web3 projects.
• Decentralized Architecture: This not only aligns with the core principles of Web3 but also provides advantages in data security and privacy protection, which are shortcomings of centralized search engines.
• Innovative Incentive Mechanism: The "search to earn" model has the potential to attract a large number of users, quickly building an active user community, which is a unique advantage of Adot compared to other search engines.
• Open Ecosystem: Providing APIs and SDKs for developers fosters a rich application ecosystem, enhancing the overall value of the platform. This openness may lead to more innovation and faster ecosystem growth.
• Strong Team Background: Founded by former Google engineers, the team has extensive experience in search algorithms and large-scale distributed systems. This professional background provides Adot with a technical competitive edge.
• Ample Financial Support: Through multiple rounds of financing, Adot has secured sufficient funding, ensuring the project's continued development and technological innovation.

6.3 Challenges Faced by Adot

Despite its many advantages, Adot also faces several challenges in its development process:

• Complexity of Technical Implementation: Integrating multiple cutting-edge technologies such as AI, blockchain, and distributed storage poses high demands on the technical team. Adot needs to continuously invest in R&D to maintain technological leadership.
• User Education and Promotion: How to help more Web2 users understand and accept the value of Web3 search is a significant challenge for Adot. This requires extensive market education efforts.
• Completeness and Timeliness of Data: To become a truly comprehensive Web3 search engine, Adot needs to continuously expand its data coverage and ensure real-time data updates. This is an ongoing process that requires substantial resource investment.
• Balancing Decentralization and Performance: Decentralized architecture may lead to performance bottlenecks; finding a way to provide efficient search experiences while maintaining decentralization advantages is a technical challenge.
• Competition from Rivals: As market potential becomes apparent, it is expected that more strong competitors will enter the field, and Adot needs to maintain innovation to sustain its competitive advantage.

6.4 Market Strategy

Based on Adot's advantages and challenges, we recommend the following market strategies:

• Differentiated Positioning: Emphasize Adot's vision as the "Google of the Web3 era," highlighting its comprehensiveness, intelligence, and decentralization characteristics.
• Phased Market Penetration: Initially focus on early adopter groups such as cryptocurrency enthusiasts and Web3 developers to build reputation and user base, then gradually expand to mainstream user groups.
• Ecosystem Cultivation: Actively collaborate with various Web3 projects to integrate Adot's search functionality into more DApps, expanding influence and use cases.
• Continuous Technological Innovation: Leverage the team's professional background to maintain technological leadership in AI search, privacy protection, and cross-chain data integration.
• Community-Driven Development: Fully utilize the DAO governance model to attract community members to participate in product improvement and promotion, forming a positive ecological cycle.
• Education and Content Marketing: Create high-quality educational content to help users understand the value and usage of Web3 search, lowering adoption barriers.
• Strategic Partnerships: Consider establishing strategic partnerships with traditional tech giants or large Web3 projects to leverage their resources and user bases for accelerated development.

7. Risk Warnings and Considerations

While Adot shows great potential, investors and users should also be aware of the following risks when participating:

• Technical Risks: As an innovative project, Adot may face technical challenges or security risks. Users should be cautious about protecting their data and asset security.
• Market Risks: The cryptocurrency market is highly volatile. If Adot issues tokens, their value may be severely affected by market sentiment.
• Regulatory Risks: The regulatory policies of the Web3 industry are still evolving, which may impact Adot's operations and development. Users need to closely monitor changes in relevant regulations.
• Competitive Risks: The search engine field is highly competitive, and Adot may face strong competition from traditional giants and other Web3 projects.
• Privacy Considerations: Although Adot emphasizes privacy protection, users should still handle personal information cautiously during use to avoid oversharing sensitive data.
• Community Governance Risks: While the DAO governance model is democratic, it may also lead to inefficiencies in decision-making or governance disputes. Participants need to actively engage in and monitor the governance process.
• Token Economic Risks: Adot's token economic model may be adjusted as the project develops, which could impact the interests of token holders. Investors need to closely monitor updates to the project's economic model.

8. Conclusion: The Future of Web3 Search, Opportunities and Challenges for Adot

Adot represents an exciting direction for the integration of Web3 and AI, and its development concerns not only the future of search technology but also deeper issues such as data rights, value distribution, and community governance. By combining decentralization, AI technology, and user incentives, Adot is exploring a new search paradigm that could have a profound impact on the entire internet ecosystem.

However, the road to Adot's development is not without challenges. It faces multiple issues such as technical implementation, market education, and regulatory adaptation. How to ensure system stability and security while maintaining innovation, how to find a balance between decentralization and performance, and how to stand out in fierce competition are key problems that Adot needs to address.

Despite the challenges, Adot's innovative model offers new possibilities for reshaping the search engine industry. It has the potential to change the way users access information and may also reshape the data value chain, providing a fairer return mechanism for creators and contributors. The strong team background and ample financial support lay a solid foundation for Adot's future development, but in this field full of opportunities and challenges, continuous innovation and adaptation remain essential.

For investors, developers, and ordinary users, Adot offers a unique opportunity to participate in Web3 innovation. However, participants should also remain rational and recognize that new technologies and models always come with risks. While actively exploring, carefully assessing risks and allocating resources wisely will be a prudent choice for participating in the Adot ecosystem.

As Web3 technology continues to evolve and AI capabilities continue to improve, we have reason to believe that innovative projects like Adot will continue to push the boundaries of search technology, providing users with a more intelligent, open, and equitable information retrieval experience. As an important bridge connecting Web3 and AI, Adot deserves ongoing attention and anticipation from the industry. The future of Web3 search is full of possibilities, and Adot is at the forefront of this transformation, writing a new chapter in search technology.

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Hotcoin Research, as the core investment research department of Hotcoin, is dedicated to providing detailed and professional analysis for the cryptocurrency market. Our goal is to offer clear market insights and practical operational guidelines for investors at different levels. Our professional content includes the "Play and Earn Web3" tutorial series, in-depth analysis of cryptocurrency industry trends, detailed analyses of potential projects, and real-time market observations. Whether you are a newcomer exploring the crypto space or a seasoned investor seeking deeper insights, Hotcoin will be your reliable partner in understanding and seizing market opportunities.

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